We Bought a House!
The past several weeks have been a whirlwind and I?ve been anxiously waiting to share some personal news ? my husband and I bought a house!
We had been renters for the last SIX years and there were times that I never thought we would be able to afford a house, especially during a global pandemic. I don?t know much about the real estate market but several friends and family members kept telling us that interests rates were at an all time low and now was a great time to start looking.
We started the home buying process back in August. We started by checking various real estate websites daily, in conjunction with binge watching House Hunters on HGTV. We really immersed ourselves in the process but then very quickly we realized how competitive the market truly was. Welcome to home buying in a seller?s market! Where demand exceeds supply. I guess the global pandemic was driving city slickers to the suburbs because we all know space is a commodity. Despite locking in an incredibly low interest rate, we knew this wouldn?t be an easy process.
Once we connected with a realtor, she recommended that we hold off on putting in any offers until October, to ensure we don?t end up in an overlap of a mortgage payment and monthly rent. She also helped us with understanding our budget. In a seller?s market, homes sell faster, and buyers have to compete with each other in order to get an accepted offer. Our budget needed to be about $10K lower than what we thought it would be, simply becaus...
Fuente de la noticia:
politicsofpretty
URL de la Fuente:
http://politicsofpretty.com/
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