Tuesday, December 28, 2010

Let's Buy a New House! (10/23/10)

I've been wanting to buy a new house for some time now.  I do like our house on Conroy Way, however there are multiple things about it that I dislike :)  Just to name a few....the DRIVEWAY, the hill of a street, the bedroom situation (only 2 on each level), carrying my groceries through the whole house just to get from the garage to the kitchen, the steps - whatever I need is ALWAYS on the other level, it never fails my cell phone always seems to ring from downstairs while I am up!  I could go on, like a master bath and walk in closet would be nice!  This house doesn't have much potential to do what we want with it because of how it is setup, can't really add onto the back because then we would be doing up and down due to the split entry and that would be very expensive.  I'd like to add on above the garage, but really in the end it is still not EXACTLY what I want so why keep putting money into the house when we will never get it out!

In late October I started asking around to my friends and family if they had any idea's of how we could sell our house in order to buy a new one.  Due to the poor economy at this time our home value is much lower than what we owe on the house, therefore we are not able to sell the house for what we need to get.  My cousin, Erin, suggested we eliminate some debt in order to help us qualify for another lower mortgage while we still own our current home.  Mike did some checking online and lone behold we do qualify for another mortgage!  At the same time there was a house for sale on 73rd Street in Inver Grove that would fit our needs.

I have been saying it would be nice to get a small rambler in a nice location with a flat yard, then we could add onto it and make it what we want.  This house on 73rd Street was that house!  We called on Saturday, October 23rd and looked at the house and by end of day Sunday we were putting in an offer!!  Now it was a little scary, the house needs some work and is SMALL!!  I have to keep telling myself to keep my eye on the prize and dream of what it will be like in the future.

In a week's time we had an accepted offer from the selling bank and approved financing.  This was a very stressfull week and a lot of waiting! 

So now we wait until the end of November - the 30th - to close on our new house.  One month of relaxing before the work begins!!  Mike and I love projects so we will definitely be busy with this one!

The new house!

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