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Excited and nervous - MegaZone's Safety Valve
The Ramblings of a Damaged Mind
zonereyrie
zonereyrie
Excited and nervous
Today I decided to make an offer on the house I talked about earlier, the one on Fairhaven. I'm meeting with my realtor tomorrow to draw up the offer letter. We're going to look at some more places Sunday - partly for my peace of mind, and partly for backup. But there are no current offers on the table for Fairhaven right now, so I have a good shot.

Ever since I told Linda (my realtor) to go ahead with it, this afternoon, I've been having trouble concentrating. I keep thinking "I'm buying a fucking house! WTF?!" - and then I think about what could go wrong, hoping the inspection doesn't turn up any problems, hoping I'm making the right choice... I'm a ball of nerves.

I am: edgy
Current Media: office buzz

4 STDOUT || STDIN
Comments
elfs From: elfs Date: April 8th, 2005 11:15 pm (UTC) (Direct Link)
I kinda went through the process pretty dumbly. Never really noticed the "WTF" moment until it occurred to me that a bank had just loaned me a metric buttload of dollars that I was gonna have to pay back someday. Still, it's nice to have a house. I hope you enjoy yours.
queenrelena From: queenrelena Date: April 8th, 2005 11:42 pm (UTC) (Direct Link)

Houses!

I wish we could afford a house. We have been loooking into it because we did pre-qualify for a $700,000 loan -- but we found out quickly that even if you do one of these "no down payment" loans that you STILL need $10K on hand and it has to have been in the bank for 3 - 6 months. The $10K (at least in California) is used to pay for a year of insurance, your first and last mortgage payments, and for required tests of the house. In MOST places the seller would pay for the tests and such but since CA is a sellers market they basically laugh at you if you ask them to fix / pay for stuff. Also we were pretty dispirited to see that our $700,000 would buy us a 3 bedroom 1000 sqft house in the worst part of town.

A real estate agent friend SWEARS the market can't withstand this for much longer especially as most people are getting ajustable-rate mortgages (sp?) and that if the interest rates go up people are going to be forced to sell. More houses on the market will even out the prices to be a little more realistic. I'd like to get a reasonably-sized place with a 3-car garage that I can convert into a bunny room :)

At least I can pray.

Anyway, I'm hoping that this DOES work out for you, MZ!

Marisa
cyber_pagan From: cyber_pagan Date: April 9th, 2005 04:34 am (UTC) (Direct Link)

Re: Houses!

JEEZUSS KEERIST! 700k! for a house! Where I'm at near Atlanta for 700k I can have a 6000sqft house on one of the lakes. I'm only spending about 300k to build a 4300sqft house on 10.5 acres on the river, about 1 mile from the lake (lake access). When I'm done we'll also have a detached 3 car garage with an upstairs apt, an 8 stall horse barn, 8 acres cleared and fenced, a two story deck, and whatever else I can put together in the budget (maybe a pool). I am so glad I didn't move to CA back in 96, I was there for 4 months while I went to school, and almost moved there. I have a sister that lives near San Diego, and her house is 3500sqft on 6 acres, clear, fenced, barn, workshop, pool, a ton of landscaping and other extras. They paid 250k for it back in the 80's. She could sell it for a fortune now, if she didn't have 1000 illegals going through her back yard every night. No one has been able to sell a house in her area because of that unfortunately.
From: vibratorlover Date: April 9th, 2005 11:55 am (UTC) (Direct Link)
Good luck with that, and I am sure everything will turn out fine :-)
4 STDOUT || STDIN