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Easy Money

October 26th, 2006 at 03:55 pm

Not for us of course (nothing is easy for us) but our "real estate agent" will make the easiest money of her life. We made the decision to buy a house. We picked 5 things that we wanted it to have. In no particular order they are 1. A yard , big dog and children need big yard. 2. Proximity to his job and our church so we can sell one car and he can walk to work. 3. minimum of three bedrooms so we can have more kids. 4. minimum of 2 bathrooms. 5. a fireplace. Of course it had to be affordable as well. I decided that even though we would be eliminating one car payment we still wouldn't want to pay more for the mortgage payment than we do the rent payment. We are very willing to fix it up but can't do alot of plumbing or any electrical. I don't think I want to try roofing either. We looked through the homes book that came in the next weekends newspaper and picked several that met some of those parameters. You can't tell where they are and they didn't all list things like fireplaces. We have to buy through the people we rent from in order to break our lease so I called and asked her to look up umpteen numbers and see which ones were within a mile or 2 of where DH works. She came up with about a dozen papers describing the houses and giving addresses. I went through and picked 4 to start and asked her to set up appointments to see them the following Monday morning. That Friday we decided to take his lunch time and look at the outside of the houses. We eliminated two right away. One had no yard at all although it had a really nice river view. The other had a warped roof. I want a fix it place but not that much of a fix it place. We liked the two others form the outside. As we pulle dup to one of them we realized we knew the people who owned it. In fact we had been in it a couple years ago when we first moved to the area. So I knocked on the door. She was home as as we talked her husband pulled up and gave us the grand tour. I called the realtor and told her to cancel the showings we had found our house. It has 4 bedrooms, 2 baths, is within a mile fo work and church, has a double lot (flat even) and roof is 2 years old, new electric, needs a couple things replaced in the upstairs bathroom, has a claw foot tub (I love it!) and the bedrooms are really big. The kitchen isn't very big but the dining room is right there and I think I can manage. There is no fireplace but it has a fire pit in the back yard. The best part is the price. 50000. Needless to say it is an older home, but I am an older home buyer! The payment should be under the rent when we are done. Unfortunately we will have to finance all of the price so our interest will be higher until I can save enough to refinance in a year or so. All in all the realtor had very little work to do. Our mortgage was pre approved for 3 times the price so I think we'll be ok there. We are signing th e papers today so I will keep posting what we learn. The couple are grateful to sell the house since they need to pay off alot of debt and our 48000 bid will give them the ability to pay it off and have a few thousand to buy the next house. They have 4 boys and need to move soon. The downside is that places the move for us very near the holidays. We have to give our landlord 60 days notice before we move so we gave that today as well. We are planning a trip East in early January so we will move an dthen get a break by traveling. We won't be able to stay long because of the expense but we'll get to see the kids, grandkids and show a movie of our new house.

3 Responses to “Easy Money”

  1. LuxLiving Says:
    1161875061

    Wow this all sounds very exciting for you. How nice to find one so close to where you need it!! Keep us posted on how the sale is progressing.

  2. JanH Says:
    1161878641

    Don'tcha love it when hopes, plans, and real life come together!

  3. Thrifty Ray Says:
    1161879538

    Things fall into place easily when it is meant to be...sounds like this is one of those times!! Congrats! I hope the move goes as easy!!!

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