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.