Sunday, November 6, 2011

I've had more stress over which grocery store to go to

So Peanut and I bought a house this morning.

I don't think I've even had time to do a post about the mortgage preapproval process, which we completed a week and a half ago. Yesterday we went out house-hunting for the first time, and came across a house that was within our budget, in our desired neighborhood, had all the big things on the list and some we didn't anticipate, and is super cute to boot. Realizing that there were absolutely no drawbacks to it, we put in an offer last night, and lo and behold, it was accepted this morning!

We'll have the inspection and appraisal this week, but we expect everything to go very well. The house is in really great shape (new roof, new siding, new trim, nice carpet or hardwood throughout, updated appliances, lovely landscaping) so it'll likely pass both with no problems. We've scheduled closing for just after the new year - the sellers need to find a house, and we weren't expecting to find anything until January or February, so we're in no hurry to move. The longer we wait, the more money we can sock away for moving expenses, furniture, etc. Also, the sellers agreed to lock in our mortgage rate, so if rates go up between now and closing, they'll pay for it - a great bargain for us!

This whole thing was the least stressful thing I have ever had to deal with in my entire life - finding our current apartment was more stressful than this. Planning my wedding was way more stressful.  Going to the grocery store is frequently more stressful than finding and buying this house!

Of course, the deal could still fall through for any number of reasons - which is fine, actually. We looked at enough houses to get a good sense of what we want and what we don't, and we know we didn't see everything out there. If we have to start looking again, no problem.

On the other hand, we won't wonder "what if" for the rest of our lives if we do get it - we definitely saw enough houses to get a feel for things, and I can't think of anything I'd change about this one. We're in the best negotiating position we could be in, although since they took our first offer, there isn't much to negotiate on.

I'll post update as they come in - in the meantime, I've got to go return all the "Home Buying for Dummies" books I checked out of the library last week!

8 comments:

  1. Congratulations! It's so rare you can get all those stars to align in one house.

    I'll keep my fingers crossed nothing goes wrong through the inspection and closing process -- I've not been so lucky in my experience with buying houses.

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  2. Wow! Congrats! That's amazing. Good luck on the inspection, though I'm sure everything will be fine!

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  3. Congrats!
    ...but...having just gone through the home buying process myself, the stressful part has yet to come. :)

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  4. Wow, that is AWESOME! Congratulations!

    (Maybe you will get a super stress-free house-buying experience...our stressful part was definitely the negotiating. Closing was easy!)

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  5. Great news! Congratulations and I'm glad it went so smoothly!

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  6. That's awesome! I'm glad you guys are having such a great experience. I hope the rest goes just as smoothly, but at least you have time, just in case...we were on a bit of a deadline (apartment lease ending) when we bought out condo, so closing (and getting delayed) was very stressful, but I think if we'd had more time, it wouldn't have been so bad. Good luck with the rest!

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  7. Congrats! It must be comforting to know that your real estate agent (Peanut's mom) REALLY has your back. Do you find the housing costs in Minneapolis really reasonable?

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Thanks for commenting!