The stressful truth of buying a house
Happy Friday Everyone!
My husband Josh and I has finally started the house buying process. We actually officially started back in August, but I had to build my credit up before the lending company could give us money. So I signed up for a credit card and only used it for gasoline and my tithe money for 6 months until my credit could be seen by the lender. If nothing else comes from this whole experience is the fact that I now have a good credit score.
It's now mid February and we've been approved for loan. Instead of looking at houses only to have them disappear withing 24 hours of getting listed, we can put an offer down if we want to. But it's February-March...No one wants to have to move whenever it's cold. (I think it's a good idea because you'll get hot when you move and it's still cold-ish outside.) Since our price range was a little on the lower side because we don't know what we're getting ourselves into as far as utilities and other normal house costs, the houses that were popping up on our search were not the best looking houses.
April rolls around and we go see a house that has some potential. We put an offer on it and we get outbid. I don't know if anyone has described the house buying process as a roller coaster, I don't feel that to be the case. It's more like one of those rides that take you straight up and will randomly drop you. It's like that! I was so hopeful when we placed the offer because we had gone a little higher than they requested, and we still got outbid. It was a sad day indeed.
Two weeks later we got to put an offer down on another house and they accepted a offer that was lower than ours. There is a reason, but I don't want to get in to that. But once again we were dropped on the ride of life. I've never dealt with depression, but I would imagine the feelings I was experiencing would be considered to be in that realm of emotions. And I did not like it.
This story does get better, or at least isn't over yet. :) The first house we put an offer on came back on the market and we agreed to try again. They say that things pick up when you really start buying a house and they aren't joking. We had to gather so many documents, read and sign a lot of official forms, and decide which insurance company we were going to go with all within a few days of going under contract. I would have been so lost if I hadn't already put everything that we needed to do in my Bullet Journal. (Check out my previous post about the BuJo system.) My brain was still hurting after everything was done. We've had the home inspection so now to see what the seller will fix on the house.
Have you recently purchased a house or are going through the process? Let me know what you learned or realized about buying a house that you hadn't before.
[Also sorry for the stock photos. I don't want to show a picture of the house until it's officially ours.]