Advice on buying a mansion

[Roger101]

Not having to worry that my daughter's stomping and jumping are bothering the downstairs neighbors is a plus too.

well that depends on your neighbors and your insulation

I am surrounded on all sides (a mansion) and I never hear anyone else except when someone is talking etc while walking past our door.
Stomping? how often will she do that? LOL

I was amazed how quiet it is, but our place was new so top insulation (sound and heat)

[Utachiyo]

Stomping? how often will she do that? LOL

She's developmentally disabled and has the occasional meltdown. Or on the opposite side of that, she'll be in a good mood and jump off the bed. She doesn't really understand about how to be quiet.

But it doesnt matter anyway. I couldn't get the loan. Not even the Flat 35 (I think the house didn't qualify), so I'm sitting here in tears because this was THE house. Not just "oh, this place is nice"... I felt like I've been waiting for this house for my whole life. My first dream was the become a Japanese citizen - done. My next dream was to have a hyosatsu (name place outside a home). Well, that just died. If I couldnt even get my second dream, my third one must be even more impossible.

Gonna go cry some more.

[ricardo]

Cry tonight.

Tomorrow, get out there again and apply to other lenders.

You’re right to keep your third dream private for now. After all, it’s your dream.

But dreams don’t die. They exist in our minds and then we bring them into the real world.

“All your dreams can come true if you have the courage to pursue them.”
- Walt Disney

[Utachiyo]

With the forum down, I couldn't update about everything...and it's been getting super stressful. Am I the only one to have such trouble buying a house??

OK, first off, I found out WHY I was getting rejected for the house I originally wanted. The "street" in front isn't technically a street, as in public property. It's owned by someone. I heard this is common in certain areas. But anyway, it doesn't matter which bank I go to or how much money I have, no bank will give a loan for a house in that situation because it's always possible that the owner could decide to shut off the street or sell it or who knows what. Then I'd be stuck in a house that I can't get out of! The only way I could buy that house would be with cash...and if I had that kind of cash, I'd be rich enough to buy a new house!

So....there was another house I looked at. When compared with the first one, it looked awful, but we went to see it again last weekend and it's really not bad. It needs some cosmetic work (new kitchen, bathroom floor tiling, etc.) but it seems sturdy and safe. The "reform" guy from the real estate office checked it out with us. He looked under the house a bit through the storage hole (is there a name for that??) in the kitchen floor. No dead bodies, at least! The location is a bit better too.

BUT...the real estate agent is concerned about a few things. First off, he worries that I'll be rejected from the manditory life insurance policy for home buyers because I'm diabetic. That was rather upsetting because I've been Type 1 diabetic since I was 13 years old and it's just normal for me. The application form didn't ask about if I smoke or drink (I don't) or get regular exercise (I do). It's just "are you under a doctor's care" and stuff like that. They'll just see I'm diabetic, but not that fact that at every health checkup I have (for my job), every OTHER category of my health gets an A rating. Has anyone else here gotten life insurance while having a previous condition?

AND that's not all. Having been rejected for the Flat 35 for the original house, the agent is thinking there's something in my credit history that makes me look like a risk. But there's not! I told him so, he didnt believe me...we got credit reports from CIC and JICC (which included me running around Umeda today, cursing Google Maps for not working properly). Everything is fine. The reports confirm what I told him - I always pay my bills on time and I have no outstanding debts. Are there any other red flags that anyone might know about? I'm a Japanese citizen. Not a "seishain", but I'm in my 5th year or working for the city board of education. Decent enough savings, living well below our means. Single mother. It's especially worrying because I thought the Flat 35 loans are meant for people on the lower income end of things, so they're easier to get. Am I wrong?

Thank you for reading this long post. If anyone has any similar experiences, please reply!!

[RetireJapan]

Apologies for the forum outage. I feel very dumb today after being shown such a simple solution.

I don't have any answers for you, but I would suggest taking a breath and taking your time with this. Don't rush into signing decades' long loans for large amounts of money.

Good luck, I really hope things work out for you.

[ricardo]

Diabetes didn’t prevent Theresa May becoming UK Prime Minister.

It shouldn’t stop you getting a house loan...

[Utachiyo]

This just gets worse and worse... I had JUST been in to talk with the real estate guy a few hours earlier, then he calls me and says he just found out this house is also on a "private street" so it's impossible to get a loan for it.

Has anyone else run into this??

[jcc]

This just gets worse and worse... I had JUST been in to talk with the real estate guy a few hours earlier, then he calls me and says he just found out this house is also on a "private street" so it's impossible to get a loan for it.

Has anyone else run into this??

I'm guessing that houses that seem surprisingly cheap are cheap because of these private streets. Basically, if it seems too good to be true, a lot of the time there's a significant catch :/

[Beaglehound]

Sorry it’s proving so stressful. Property is never easy.

We had a similar problem when selling our flat in UK a few years back in that the street was not adopted by the council, in fact nobody seemed to know who owned it. The solution was an indemnity policy against the remote possibility of being refused access. It wasn’t expensive and as sellers we paid for it. Might be worth investigating further to see if such solutions are acceptable to any banks here, the guy who bought our place did so with a mortgage so clearly UK banks are up for it.

[Utachiyo]

The latest house I was interested in is "too big" to get a loan for. I have no idea what this means... Some kind of zoning thing? I usually understand things better when we talk in person, but I was told this over the phone so I'm still a bit confused.