It may be a good time to buy a house in terms of home prices and interest rates, but it's not a good time if you want to do it quickly. Because so many homeowners owe more on their mortgage than their house is worth, any offer you make has to be approved not only by them but by their bank. The banks have thousands of such cases crossing their desk these days and, of course, want to get as much for each home as they can. So it can take months to get an answer. Out of the probably 100 homes we saw over the past six months, I would guess that 80-90% were in this situation. The home we're buying is bank-owned -- they just wanted to get it off their hands quickly, so they priced it competitively and got back to us with an answer quickly.
Although the closing date will be sometime in mid-April, we'll wait until early to mid-May to move in. There are a few things we'd like to do in the house, and it would be great to have them done before moving in. So here are some "before" photos, taken the day of the inspection. We'll post the "after" photos once the work is done.
(And for those who only read this blog for photos of Grace, don't worry. She's in one of the pictures. Sort of.)
Melinda
the backyard
it has a fireplace, something we've missed having
the living room and entry
the kitchen pantry -- we'll be taking this out to create a more open feel
the living/dining room -- the arch and half-wall will be taken out
the garage -- we're excited to have one of these
1 comment:
Hey congrats you guys! So happy to hear the good news. Where is the house? Let us know if you need any help.. congrats again:)
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