Buying a home?!

So, me and my boyfriend John have been looking for a house for a while. We weren’t sure how serious we were but we wanted to look anyway. Sunday we went out with our real estate agent Judy to see a whole slew of houses, like 8 or 9 I think. As we were doing it she said; “So have you guys considered looking at town homes?” we both thought no, but she mentioned she had a print out for one that was vacant and we could see if we wanted to, at first we said no, but near the end of the trip we decided what the heck, lets go see it. So we got there, it was only a one car garage unit, we both kind of groaned at that, we each have a car and it’d be tricky having both of them there. We went inside, and almost fell in love with the place, it was three bedrooms, two and a half bathrooms. The bedrooms were pretty large, the master was HUGE, at least compared to what we have now, the bathrooms were nice, everything looked good. The only downside was the one garage. As we were leaving though we saw down the street was one with a two car garage that was for sale. So Judy made a few calls, just to make sure the home was vacant, and we checked it out! This unit was about the same size, it was actually about twenty or thirty square feet bigger, but that seemed to make the difference to us. The master bedroom seem slightly bigger, but the great thing was, the closet in the master bedroom was A LOT bigger. Being a girl, I almost want to get it JUST for the closet, haha. We basically fell in love with this house, it was perfect size, great location, only the price was a little higher than what we wanted.

So last night we put in an offer. John is fairly confident it will go through, I’m not sure myself, I don’t want to get my hopes up too far. I can see his reasoning though, the house has been on the market since September or November, they lowered the price of it over a month ago, and it’s still there. The house is a pre-forclosure, so it’s going to actually go into forclosure at the beginning of April. Judy told us it costs a bank like $50k JUST to forclose the property, then it’s the banks, and they put it up for auction. So not only does it cost the bank $50k just to forclose the property, then you have to take into account the fact that they probably won’t sell the house for the amount that the owners owe on it. So it does make sense for them to accept our offer, despite the fact it’s ten thousand less than the current asking price, it’ll still be less than what the bank has to pay for the forclosure.

So needless to say I’m excited, and nervous. I really hope we get it because there’s been nothing else that we REALLY want.

Oh and this house qualifies for the zero down loan John got qualified for. So that’s a HUUUUUUGE plus.

*crosses fingers* :D