Tuesday, July 13, 2010

Our history of searching for a house

My husband and I have been looking for a house now for 2 1/2 years. Needless to say, we are tired of looking. What is nice is, where we currently are living, our landlords are wonderful. I am not obligated to say that, though they are my in-laws. They have let us live here for almost 7 years for next to nothing. They would like to enjoy their retirement years now and would like to sell this house to finance it. They sure do deserve it.

My husband and I started looking with our first agent 2 1/2 years ago. That only last 6 months. She kept trying to show us homes WAY out of our market. We switched to our current agent 2 years ago. He is the best! He sold our landlords the house we are renting. He is patient and understanding. He understands are financial situation. We talk almost everyday. I feel like I should invite him over for Thanksgiving dinner.

I should mention that we also have two wonderful little daughters! They usually go with us when we look at houses. They love running around the empty rooms! We originally wanted to go with 3 bedrooms so that they could each have their own. Well, we have realized that is not really in our budget. They don't seem to disappointed to have to share a room. Time will tell if that changes.

During the past two years with Gary, our agent, we have put in a number of bids. Usually we are low balling. We are not doing this to be jerks but it is what we can afford. Gary has been wonderful and willing to submit the bids for us. Of course, every bid we put in has been flatly refused.

Just recently, last week actually, we saw two houses. Both are cute and in the same town my husband grew up in. Now, I will say, I am not from this area. I am from the midwest. Homes out here on the East Coast are a LITTLE more expensive! I just don't get it. But hey, who am I to complain. Both of the homes we saw are affordable. Both have isssues. The first one is on a major road. It also has almost an acre of land that used to be a contractors lot that needs to be cleaned up before we could get an FHA loan. The second home, is cute, small, but cute. 2 bedrooms, 1 bath, kitchen (eat-in), living room and a dirt floor basement. I am not a fan of dirt floor basements. But it is what we can afford, so I go with it. There is a full attic. This would be great for storage. A large backyard, rounds out the property. We decide after some discussion, to put in the bid.

I will admit, the bid wasn't as high as the asking price. My agent even gave me a slightly hard time about that. Then he called me back after we discussed it. LOL, seems the house was recently listed for close to that price. There was a new agent who when they relisted the house increased the price by $10,000. The house needs work to get an FHA loan. So we submitted the bid asking for closing assistance and for them to take care of repairs for the FHA. So we go and fill out paperwork for over an hour at our agent's office. For the last few days I have beenliving with an elephant sitting on my chest, the stress. Heard today from our agent that the seller's have countered for $10,000 more than our bid. So we talk and we counter that. Now we are waiting again.

Everyday it is an adventure in looking for a house.

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