Monday, November 17, 2008

Chronicles of Home Buying, part one

Well, we've done it! Found a modest property that seemingly would meet our needs, and is in our price range. This home sold within 3 years ago for 156% of what we're paying. So, hopefully the appraisal will show at least a small amount of immediate equity. (Who am I kidding? Hopefully the appraisal will show TONS of immediate equity!)

We are signing the bank's counteroffer today.

Next, we must inspect the property, secure financing, do 105 things the lender requires (1. get a survey, 2. get an appraisal, 3. pay hidden lawyer fees, etc.) and more! This is a busy and exciting time.

We are visiting a ward in the area we've been looking, but it turns out we were visiting the wrong one, anyway.

We have found one good babysitter! We've also visited the beautiful St. Louis temple. WOW.

1 comment:

Anonymous said...

Fantastic! Congratulations on your new home! I look forward to hearing more details :- )