Monday, February 6, 2006

New Home?

Just want to blab a bit because I am giddy. Giddy, yes, giddy. I've just signed on the dotted line for the biggest purchase I've made in my life. As most of you know, I've been living in an apartment because I sold our old home. For the longest, I've been waiting for the new construction contractor to sit with me and hubby to finalize the sale of a home in a new subdivision. The contractor had been stalling and I am under the impression that he is waiting for the lot and the home to appreciate since there had been a runaway appreciation of real estate property in our hometown since the Ivan and Dennis double whammy.

I got the deposit back from the new construction contractor because the APR is on the rise and the properties are appreciating.  We're missing the real estate property appreciation train because we can not lock the APR and the price of the new home. Pretty much, from what we see in the listings, the homes in that neighborhood doubled in price so we're concerned that by the time the contractor sits with us, we will not be able to afford the asking price.

To make this long story short, I put an offer on a pre-existing home today. Hubby and I found it a week ago and we came back this weekend to view it again. I hired a buyer's agent yesterday and he seems to be on the ball since he talked to me at length about the property then did the necessary research so we can come up with a contingency offer price. He met with me today to tour the property and discuss the pros/cons of putting in an offer. We then decided to make an offer.    

It's just an offer. It could be rejected. Nonetheless, I am happy at the prospect of having enough room for all our accumulated junk.      

13 comments:

mikev009 said...

Good luck with it. ~ Mike

thisismis72 said...

wow congrads,
Miss

ally123130585918 said...

He seems to be doing a good job for you...hope the offer is accepted...
Ally

sdoscher458 said...

Oh good...I know prices have gone sky high here in St. Pete.  The new homes around me are now going for almost $200,000.00 on 1/4 acre.  I have half an acre but my house needs so much work......Good luck to you...Sandi

mom23nca said...

Very Exciting!  I'll keep my fingers crossed that they accept the offer from you.  

my78novata said...

OH you shall have ot share pics with us soon congrats

samnsmile5 said...

Congratulations and Good Luck!!  It gets exciting to make a move and have a little more space.  Hope this all works out for you!!
Michele

barbpinion said...

I can only imagine how happy you must be. I hope everything works out for you with this house. Will be praying for you.
Big hugs,
Barb- http://journals.aol.com/barbpinion/HEYLETSTALK
        http://journals.aol.com/barbpinion/THERESTOFTHESTORY

klconard1 said...

I am rejoicing with you dear and pray for the best possible outcome on this!  Owning your own home is a wonderful privilege and one that is much missed when renting.
loving you
karyl

thegirlnexdoor77 said...

I hope all goes well with the house.   don't it feel great!.   You will have to share some new home photos.  Take care and doing the happy dance for you.  TerryAnn

gabreaelinfo said...

Good luck on your new adventure!!!!!!! You know painting, mowing, ....

:)

Gabreael

http://gabreaelsbodymindandspirit.blogspot.com/

randlprysock said...

Sounds like congratulations may be in order!!  I hope you get the house and hope it has some features you will love.  Come back soon and tell us about it if it comes through!!  I enjoyed my stop to your journal and though I don't have teens yet, I had two stepdaughters living with us for a while who were teens.  What a nightmare that was.  Now my three children are little and my 11 year old son is a pre-teen.  He wants a shower everyday and is getting acne.  Oh no.  I think it has begun.  I think I'm going to need your journal to get me through ... two more after that... who both think they should have the freedoms of the 11 yr old.  Hugs,
Lisa

aiibrat said...

i'm giddy with hope that you will get this home!!! -=)