Wednesday, January 30, 2013

Update of the house hunt

It sucks.  I think everyone is in the same budget as us and looking for the same house as us.  I'm normally really positive but I think the house hunt is bring out the worst for me. 

Seems that every place we want someone else wants more.  We have now gone three offers.

 number 1 was accepted to the seller backing out

number 2 bidding war that ended with the estate taking a cash offer

number 3 stupid sellers Realtor had two offers on the table and told our Realtor that the seller wanted more.  They called the other people and they had the chance to accept without giving us the same chance to make a higher offer.   GRRRRRR

So we are still out there looking.  Don't want to pick something just because we want to stop paying $1,000 a month in rent for a house we out grew when son wasn't a baby anymore.

House I know your out there, please find us I'm tired of looking for you ;o)

Sunday, January 20, 2013

The ranges of homes

Short sales, bank owned and standard.  Do I really need to say more?

Ok so On Friday we met with our realator and headed to the burbs to search for a new house.  We have been out searching already so this process should be easy.  Besides for this time we got to go into some of our top choices.

Started with a bank owned with an amazing pool.  The rooms were bigger than we thought by peeking in the windows.  But I asked if someone died in the home.  Just gave me this feeling like someone was there that I couldn't see.  Was a little weird but the home just wasn't what we we're looking for so we left.  Now if we could just pick up the pool and move it we would it was just stunning.  But to be honest that was the selling point of the house.  Since this was a bank owned home the process would be LONG.  Talking to lenders (in banks, that we're honest) told us to count on at least 4 months until we heard a yes or no on any offers.  Not something we're happy about but will do it for the perfect house.

The Next house was a standard listing and prefect until the realator told us that there we're renters there until JULY.  Ok so they paid us rent we threw that rent into our rent and our rent money (less than our rent) went into paying mortage.  Umm not so bad so we looked and the house was perfect until the hubs started looking up and noticed some water marks near the A/C ok considation but as he looked more into it the water marks flowed so he went outside and they (2realtors and hubs) looked and there was some bad sagging in the area so hubs looked more at the roof and saw some other areas.  The roof would need to be redone.  Ok not scary if the owner was willing to go down in price so we could go down in price some for the repairs or have it done.  Yeah, i guess last offer she got she declined the same thing.  The loan we are getting dosen't alone for things such as that unless it's in the loan for correction.  So walking away from that one.  Seller dosn't have to sell so she isn't in a hurry to sell.

Short sales just made me SAD.  I met pets of these families and I saw their stuff and my heart just hurt knowing they HAVE to sell or they risk losing so much.  Glad that they are doing what they can to try to save what they can.  But the dreaded short sale is owner accepts but than the bank has to accept as well.

So to sum it up
short sales equals owner approval, bank approval before you can even have a completed accepted offer that you can move on.

Bank owned equals slow bankers to accept or pass on your offer and they almost never want to help in anyway (repairs or any closing cost)

Standard listing equals the easiest method so if you find a listing that fits your needs it's not going to be there long.  There are few of these types of homes on the market but they seem to be the best cared for homes.

Next post will come later this week with updates of our house finding journey

Wednesday, January 16, 2013


                Let the journey start.  Yesterday we met with the lender and did paperwork for getting things on the road for a bigger house.

                 The Journey of Yesterday started with us gathering everything Monday evening.  Being the organized person I am I highlighted dates and put all papers in order and pinned them together.  I almost ran to the store to get a file box just for this process.  Yes, I am getting one this Saturday.  Any how after we got the papers together we just chilled out as a family watching TV.  Tuesday morning it all started to hit me of this HUGE life event about to hit.  I have Anxiety so I just kept myself busy until it was time to get ready to head out.

Long story short Isaac and I met at the lenders office as he came straight from work.  There was nerves but as we walked in the door we were kindly greeted and sat in the conference room.  Jeff Came in with our file and the work started.  We talked numbers and asked lots of questions.  My main question for me was about if there was any penalties for prepayment.  Like everything we do we plan to pay the house off ASAP.  We have been renting for 7.5 years at $1,000 a month and we've never missed a payment.  Our goal is to keep our same motto as before and that's bills first play later.  Mind you that doesn't mean we pay everything we have just means that we pay our bills first and what is left can be used for the fun things in life.  The hubs and I walked out of the meeting happy with a sigh of relief when he told us that we are ready to go and can start looking at houses.

Sorry no photo of us at the lenders office but I will post pictures of the house hunt; which starts FRIDAY

 We are first time home buyers as we just cleared up all the past medical bills we feel God placed us right were we're suppose to be with these low interest rates.  The Timing just couldn't be better really.  We fully believe this is Gods doing.  He's had his hands all over us from moving to FL 8 yrs ago, To giving hubs a job the next day after arriving down here.  Giving us strength to get through the tough first year of having little to nothing.  Finding a house that would sustain us until the day we move into our own place.  We give all GLORY TO GOD AS HE HAS PROVIDED through all of our trials and triumphs.

Will post Friday or Saturday with house hunting pictures