We are finally taking the plunge people! Charles and I are going to become home owners! Not to the house above unfortunately. Oh my god, that would be all too amazing. But, to a pretty cool house hopefully that we can make all our own.
I'm so excited to start some of the many ideas I have pinned on my Pinterest boards that I have just been putting on the back burner because our stay in this house has always been undetermined. I didn't want to start any big projects without knowing how much longer we were going to be here.
So the market in our area is, I'm sure, very similar to markets across the country right now. It's great because housing prices are low enough that we have a great chance to get into a house. Unfortunately, most of these houses are short sales or foreclosures. I saw on the news the other day that in our county, something like 580 houses are just plain ol' for sale, but like 5,000 houses are short sales/foreclosures. Crazyness!
We've only officially been looking for the past couple weeks but we are so anxious to get into our own place and start a million projects. Charles and I both love our projects. We've only looked at three houses but we are quickly learning that this will not be a walk in the park. So much red tape. So many games. Why does the car/house buying process have to be so difficult? Why can't I just pay the price you are asking and be done with it? So frustrating.
For example, we looked at a house today that is only about fifteen years old but it has not been shown much love over the years. Plus, it's a short sale, so the family who lived there previously was forced out. And you can tell. They did not care that they tore up the wall when they had to move their washer and dryer from the upstairs laundry room.
Charles and I are not afraid of a fixer but we are trying to use an FHA loan and in order to qualify, the house has to pass an eight page inspection. Eight pages. Soooo, there can't be a whole lotta stuff wrong with the house.
So, we'll see how it goes. Wish us luck, hopefully we'll be in new place in less than a few months! Crossing our fingers!
Good luck!!! How exciting. We have been first time home owners for almost a year now and it's been so much fun decorating. Looking forward to following your journey.
ReplyDeleteHi, thanks for linking up at my blog hop, http://babyfeetandpuppybreath.blogspot.com/2011/11/lets-get-hoppin-monday-blog-hop_13.html
ReplyDeleteI am now following you back:)
Hope if you have a minute that you can stop by my new blog: http://catchinglifestruebliss.blogspot.com/
Hope to see you there:)
Oops! I left the wrong url for my new blog, lol.
ReplyDeleteThe mind of a momma, huh!
it is actually: http://catchinlifestruebliss.blogspot.com/
Thanks.
Exciting news!!! Goodluck on the journey to finding your home. It will surely be rewarding.
ReplyDeleteP.s. check with the bank to see if they will cover any of the damages. Sometimes they will which will allow you to get the house you want and still go through FHA.
So exciting!! Good luck!!!
ReplyDelete