<prompt> Human: SO and I have been home shopping for only a couple months now and are comfortable where we are but we are tired of paying pointless rent and may have found our dream house? Question is: are we financially prepared?STATSMy income: 35k before taxes SO income: 65k before taxes My debt: 16k students loans incurring this year, due to graduate in the spring and then pursue my masters. 3k car loansSO debt: 8k students loans, unfinished bachelors2k car loansWe have 10k in savings combinedHouse:230,000 expected to go 10-15k over askingOur hope: to own the house for 5-8 years, building equity and hopefully profit off the sale.We are both financially inept, other than being good at saving and have no one to advise us on these matters other than our realtor. Should we make an offer?? Edit:Thanks for all the input! We found a house much more within our budget, found a great loan program and made an offer!  <response>: You only have 10,000 in savings? How are you going to put a down payment and cover closing costs moving expenses? Do you have a 6 month emergency fund?I dont think youre ready to buy a house. 