Who is to blame?
Want to buy a house?
Well if you would have came to me about 2 years ago with that question, I would not have hesitated to tell you Sue lets find you the house you want and get an offer written. We would have sat down at the office and followed a buyer process that delt with various steps toward home ownership.
Once we had a few questions answered and out of the way on what you wanted and were looking for, and could afford, we would search MLS and look around the town for offers that would suit your desires. It would be nothing to line up 20-30 houses and then trimming them down to 10 or so, and then getting serious and looking at 5 of them closely.
After picking what you want we would write a offer on the property and begin to negotiate on price with the listing agent to reach a meeting of the minds to close the deal. Not even a thought about financing in this scenario. Just going right along with the confidence that that we can get financing because then it would not have been a problem. Credit score at 580 no problem. That can be considered a low credit score at times now!
It was a nice idea trying to make it possible for everyone to have a home. It’s sad to say that not everyone should have a home, because many people just cannot manage their finaces the way they should. Now I drive around seeing real estate signs, window decals, and yard signs claiming that the house is forclosed and for auction.Too many live above their means. This is a drawback of living in a material world. Wanting more than what you can afford, but some never learn.