House Fever
Sunday, May 27th, 2007 by melissaRebecca has it bad: house fever. When I went to visit my brother and his family in January, she IMed me quite a bit to tell me about this house in Northgate Park that she absolutely loved. She’d never bought a house before, so I encouraged her to go see it on her own, so she’d know what dealing with realtors and seeing houses was like. She did, and although she really liked the house, it was odd in some ways, and we decided that January simply wasn’t the time to buy, and that when we did, we’d get a realtor and check out more than just one house before deciding to buy.
Then, a couple of Fridays ago, she noticed that a house right around the corner had just gone up for sale that day. It sounded really good, and the price was right. Rebecca called the selling agent (who was a realtor who had been recommended to us anyway) to see about arranging a showing. We figured if it didn’t work out, at least we’d have developed a relationship with the agent. No kidding–by the time Rebecca talked to a realtor about the house the very next day, it had already been shown seven times and there was at least one offer on it. So we “lost” that one.
By this time, we had figured out that the housing market where we want to live (Watts-Hillandale or Old West Durham) moves so fast that we need to get a realtor and a pre-approval letter to have even a fighting chance of making an offer fast enough to get a house. But we were about to go on two weekend trips, and I was stressed out about work stuff. So I said, let’s wait until after we return from Las Vegas. Rebecca was OK with that. So we waited.
So now, we’re back from Vegas, and it’s Spring, so there are all kinds of houses on the market. There’s another one a few blocks away that Rebecca now absolutely loves. It’s not perfect, but it’s fabulous in many of the ways that matter to us. It’s been on the market for a while, and it’s almost certainly overpriced, but we have it on good authority that the sellers will accept an offer that’s in the neighborhood of what we’d be interested in paying. We’re hoping to see it tomorrow.
Our lease isn’t actually up until next April, but we’re about to bust out of our little rental house. The office is little more than a hallway, and there are days when we both work from home. There’s also no way to enjoy the outdoors on a sun room, porch, or patio. On the up side, the rent is super-cheap, which we both really like (OK, maybe I like that a little more than Rebecca…). It’s a little tough to think about doubling our monthly housing payment to buy a house, but that’s going to be the case no matter when we buy.
So here we go…we just spent a few hours getting together pay stubs, W-2s, bank statements, and retirement savings statements. We hope to be able to meet with a broker this week. If we can get financing with what little we’ve saved in our “house account” so far, we’ll probably take the plunge. I have a feeling it’s only a matter of time before we find “the one” and just do it.