Posts tagged Future
I’ve been living in an apartment for almost five years now and I’ve grown tired of it. Sure, I really dig my apartment but it doesn’t feel like a home, you know? I’ve longed for the time when I could afford to buy a place to live that I can do whatever I want to and not have to worry about changing everything back to what it looked like before. Sure, I’d have to do things like shovel snow and mow the lawn, but it would be worth it to me.
My goal after Monica and I got married was that we would be able to buy a house by the time our lease is up in July. We weren’t sure that we could afford it though. We actually met with a financial adviser at our bank to take a look at things and everything looked OK. Beginning in February, we started looking at houses in Rockland County. I work in that area so it would be OK for me. Monica just started a new job in Tarrytown so there would be a commute but nothing too bad and probably not worse than what I’m doing now which is about a half hour tops.
We saw about 8 houses and most of them were total shitholes but because they’re in NY and this close to the city, they were expensive. There were some that weren’t bad but would require a lot of updating. Then we found this one house. It was just above our price range but it was damn near perfect. It had almost everything we wanted and plenty of space. After looking at it once, I asked my Dad to come take a look at it with us. Since he’s a carpenter, I wanted him to give it a once over to see if there was anything glaring that we should know about. Everything checked out. We had some questions about the house though so we were waiting. Monica and I had decided we would put an offer in on the house.
Then a couple days later, the realtor called me to answer a few of our questions. She then told me that someone else had put an offer in on the house. It was now or never. We put an offer in, knowing that we had a max that was still a bit below the asking price. We then went back and forth on the price for a day or two before we hit our max price. This was it. We couldn’t go any higher and from what we understand, the seller was basically comparing us to the other buyer and they were going to take whichever one we wanted. We waited another day or so before the realtor called to let us know that our offer was accepted. We got the house.
We had to move fast though. They wanted things set up right away. That was not a problem for us so we got an inspection lined up and an attorney in place. The inspection went well and there were only minor issues with the house, certainly nothing that we couldn’t live with. Plus we have a lot of time because we’re not closing until July.
Now we’re waiting again. The contract has been drawn up and we’re waiting for it to be reviewed by our attorney. If it all checks out, we’ll sign off on it and put a chunk of the down payment into escrow to wait until the closing when we put the rest of it down as well as any closing costs (which amount to a sizable amount unfortunately).
To give you an idea of scale, our current apartment is approximately 750 square feet. This house is almost 2,000. We’re going to move in and have rooms that will have absolutely nothing in it. I’m OK with that because seriously, why do we need a guest bedroom set up right now? Or even the second bedroom? I’m also going to have to re-do the basement for a nice media room. This will be fun though. We’ll have a housewarming party where people will have to bring their own chair so they have a place to sit. I’m looking forward to it.