I am finally excited to announce that we are homeowners as of Friday! We signed all the paperwork, which there was lots of, and now we have a home! Let me tell you, this process was extremely long and stressful. We first saw the house in mid July. Put an offer on it the next day. We really liked the house and thought it was really cute, but it wasn't the first house we put an offer on. You see, we learned that almost everything in our price range was a short sale and you rarely hear back quickly on those. We were itching to get into a home so we just put offers on any house we liked. We ended up putting offers on 4 homes. Then we heard back from the bank since the home we bought was a bank owned foreclosure. We were thrilled, but it has been a very LONG stressful jumping through hoops process. We got a great deal and a fantastic interest rate, but we sure worked for it. We bought a house about 20 minutes south of where we are now which kind of stinks for the commute into work and family, but there is nothing like the title of homeowner. We won't move in until the end of the month because the house needs quite a few things fixed before we can live there. The only appliance it currently has is a dishwasher which is not working. Our appliances are being delivered on Thursday and we are gutting the kitchen. We also need to get the roof fixed as well as new carpets and paint on the walls. oh yeah and LOTS of cleaning. The house has two levels, upper level and a basement and the basement isn't in the best shape right now so we are going to live on the top level for now while we fix up the downstairs. The house has 4 bedrooms and 2 bathrooms, a living and family room. A very good size yard and our backyard faces a baseball field and our church AND the elementary school.
This experience taught us A LOT of patience. It took 3 months to get approved for financing and for the underwriting to accept all of our paperwork. The reason is because we did a 203k loan which we didn't plan on, but in order to purchase this house you had to. Apparently these types of loans are becoming more common but the only bank that would process this type of loan for us was Bank of America. I am only telling you all of this because it's becoming more common and this type of loan includes funding to renovate your home. We are lucky to have a lot of funding for renovations included in our mortgage allowing us to not use savings all at once. Anywho, glad that is over!
Here is our backyard which I instagrammed yesterday. This is about a third of our backyard. There is a side yard to the left and right.
Saturday, we went and picked out our appliances as well as the kitchen sink I have been eyeing for the past 6 months since we have been house hunting. Its the Farm Style sink from Ikea. I researched other retailers for a sink similar and Ikea beat there price by half!
All in all, house hunting is not for the faint of heart. It's a very emotional, exhausting, experience. I had no idea when we started this process since House Hunters on TV makes it look so easy. I can see how much it affected the way I acted each day, what I ate, my state of mind. Once we signed those papers, a huge relief was taken off my shoulders and I could finally breathe again. Never did I imagine that at 23, I would own my own home. I know, I am only 23! I am definitely excited to continue to document and blog about our renovations, befores and afters of this home. It's a very exciting experience that I am sure we will look back on for a while.