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Author: j_chot on February 13 2008 Viewed 2987 times. 17 people liked this blog. You can rate it below if you haven't already.
People who enjoyed reading this: ignatius, breakscience, tylth, jogn, shamann, DrexonField, Fognozzle, atum, infradead, jdg, frnortnr, sAMsKi, doofgoblin, subset, Tridact, SenorFrio, monty
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hey.
I'm probably gonna buy a house soon. I could type out all the details, OR I could just post an exerpt from my wife's email to her dad....
"John and I looked at a house this morning, and we're interested in it
but I have a lot of questions about how everything works. It's an
older home, 3 bedrooms, 1 bath, 1350 sq ft for $56,900, on a little
less than a 1/2 acre lot. It's got hardwood floors in the living room
and hallway and newer carpet in the bedrooms, eat-in kitchen,
dishwasher and stove, the central a/c and heat were installed 5 years
ago. It's in the Decatur High School district and the neighborhood
seems to be mainly older people. Some cons are the houses are close
together, the backyard would eventually need fencing, and it's an
older house, so there's probably some repairs to be done (although the
visible ones were minor, like replacing a light fixture).
Besides all that, yesterday I was looking at different mortgage
options from Redstone, and I went ahead and filled out the online
application for loan pre-approval, but haven't submitted it yet. I
hesitated to submit it because 1) I wanted to see if the type of house
we can afford is something we really wanted to pursue and 2) I still
haven't sent it today because since we really like this house, I'm
wondering if we should make some sort of offer, and if it's accepted,
to go ahead and apply for a loan specific to this house. I'm also not
sure what kind of offer would be acceptable or if they would take an
offer seriously if there wasn't a pre-approved loan behind it.
Also, we're in the lease for this apartment through the end of April,
so if we bought this house soon, we'd still have to pay rent here for
March and April. We couldn't afford to do that without help. While it
seems best to wait until our lease runs out, obviously the house will
not be there anymore, and it'll be really close to my due date - I
don't want to be trying to look for and buy a house and move into it
when the baby will arrive any day..."
and that's pretty much the whole story....
oh and the kitchen has a frickin sweet wet bar. | |
Comments
02/14/08
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Unknownforce
57K for a 3 bedroom house with 1/2 acre grounds?
wtf, are houses made of paper in Alabama?!
$56,900 = £28,884 at current exchange rate
The average UK house price is £222,256
at the current exchange rate that would be £222,256 = $437,753
and despite the high costs, most of the new houses being built here are squashed up like sardines on tiny plots of brownfield land or being built in areas that are prone to flooding etc, often in areas without current nearby public transportation and miles from any shops or amenities.
02/14/08
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sAMsKi
 woe is us...i am looking to move soon and the prices are just fucked...and i couldn't call myself poor. i feel so sorry for those less fortunate than me!
02/14/08
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sAMsKi
ooh, and congrats j_chot!
02/14/08
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mynameismud
my apt floods every time it rains. it 7 AM and i'm awake because i had to get up and shop vac the water coming in. it sucks
02/14/08
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doofgoblin
good luck, hope it works out for you!
the house has a crawl space.
hope you don't have to spend as much time in yours as we did in ours!
02/14/08
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race4prize
wow, cheapest house in my area is close to quarter of a million pounds. thats like half a million dollars, and believe me i do not live in a rich area. the house prices in the US must be so much cheaper. good luck to you man
02/14/08
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ignatius
race4prize said: "wow, cheapest house in my area is close to quarter of a million pounds. thats like half a million dollars, and believe me i do not live in a rich area. the house prices in the US must be so much cheaper. good luck to you man"
it's all location location location. you still can't buy a 1 room shack in san francisco for under $500,000.
02/14/08
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oxymoron
j_chot, all the best to you. Sounds like a lot of changes happening at once. 57K????? If the property checks out, I can't see how it can be a bad thing (like others have said, beware of subprime-type arrangements). Hey, you'll be master of your domain, so to speak.
02/14/08
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elronhubbard
02/14/08
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ignatius
elronhubbard said: "
link"
there was one of these for sale in upstate NY w/40+ acres, private air strip, ranch house on top of silo and the silo was remodeled and 100% livable. i think it was a million bucks. a steal really unless the it's still a target in some ICBM's navigation system.
ultimate lair for james bonds next evil mastermind.
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