Things have gotten very busy in the house department. After countless showings and 3 failed offers we might finally have something.
We had until this past Monday to get an offer on our house or the builder would sell our new one to someone else. That was a depressing phone call. Nothing like having to tell the agent, once again, sorry we don't have an offer. I was shocked at what happened next. The agent broke down in tears. She was frustrated with the builder for putting such stress on us (yeah!) and that this didn't work out for us.
At this point, I was angry enough with the builder that even if we had an offer in at the last moment, I would probably not take the house.
On Saturday we went house hunting. As you may know, the General Authorities stressed once again to purchase a house that you can afford, not what the neighbors can afford. It is VERY important to me that I be a stay-at-home mom and that means not even running a daycare. For that, we have to find a house that we can afford and that I can stay at home. We looked at a total of 6 houses and all were scary. The first one was SUPER scary and that happens to be the house that we are putting an offer on.
We aren't completely crazy (just mostly crazy on Tuesdays) but saw some great potential in this house. It is a short-sale and marked way below what it's worth. It needs some major TLC but after completely remodeling our current house, we know that we can do it again. The houses in this area sell for about 200k more then what this house is listed. Since it is a short sell and the bank gets to decide who gets it (there are several parties interested in it) we won't know until the end of the month if we get it.
As for our current house, we sold it! Yeah! Well we are at least under contract. They had the house inspection today and I am now nervous that they will back out because we need a new roof. But time will tell.
congrats on selling your home. my question is, what is the big urge to buy and sell when the economy is so scary?
ReplyDeleteThanks Mother Goose,
ReplyDeleteThe main reason for selling right now is that we need a little more room. I hope to have another baby and in a tiny two bedroom house, that doesn't seem a possibility. Livy room is too small for another bed and our bedroom wouldn't fit a crib.
Second reason, by selling our house we will have enough money to pay off Eduardo's student loans and be completely debt free. Something we have been encouraged to do.
Also, it simply seems right for us at this time. A lot of prayer has gone into this. I know the economy is scary, but we can not let fear rule us. Knowledge is key.
You are much braver than I! I am scared to death about trying to buy a house! That is a lot of responsibility, but I want a house so bad....what a delema! Congrats on the sale!
ReplyDeleteGood for you! You're doing what's right and your faith shines through!!!
ReplyDeleteThat's wonderful! All things work out...The economy is always bad on an election year..I think we will somehow turn things around no matter what...Good for you not letting fear rule:) Best of luck!
ReplyDeleteExciting! Congrats!
ReplyDeleteExciting! Congrats!
ReplyDeleteHope that everything turns out well!
ReplyDeleteCongratulations and fingers crossed! Sounds like you relish the idea of doing up another house; if it gets you what you want without financial hardship, go for it!
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