Posted Tuesday, September 02, 2008 11:30 AM
So, our home inspection went well. There are no major problems that need to be fixed right away. What was really nice to hear is that what does need to be fixed can all be done by our friends and family who have experience in construction/renovating. This includes our roof (which the inspector told us does not have to be done before winter and that we would probably get another couple of years out of it). DH's uncle said "oh no, don't hire any one. We'll do it next spring or summer". I was so relieved and he's not just a DIY nobody. He knows what he's talking about and built his house from the ground up.
I have major questions about the mortgage paperwork that we received on Friday before we sign anything. It looks ok, but I want to make sure I understand it 100% and that we can give them everything that they are requesting before we waive our financing condition and sign any financial docs. I emailed my questions to our broker on Friday, but she hasn't got back to me yet. I better hear from her soon.
Our insurance company is giving us problems. They wanted a crap load of seemingly irrelevant information before they would quote us. One of our conditions is that we find acceptable home insurance. This is the 3rd of the three conditions that we only have until tomorrow night (Wed) to waive. They told us on Friday to call them back today (Tues) with the info and that they could probably have a quote by EOB tomorrow (Wed)! I said "no, no... we have to waive our conditions by Wednesday at the latest. We can't wait that long. So they said ok... we'll get it to you Wednesday through the day. So DH is going to give them a call today and tell them that we have another quote coming through and that we have to go with whoever gets back to us first with a good rate.
So, we're down to the wire waiting to hear back from two different people and it's stressing me out!!!!!! I hope we can get everything firmed up tonight so I'm not freaking out all day tomorrow that we'll get it done on time. I am feeling better about the purchase. I do still have moments of "what the hell are we doing... we can't afford this" but in general I'm feeling good about it. I'll just feel so much better when the mortgage broker gets back to me and answers my questions and when the insurance company gets their butts in gear and gets a quote together. I'll be able to relax a bit more then. Grrrr.... I can't wait to get these next two days over with.
Friday, September 26, 2008
A Sigh of Relief
Posted Wednesday, September 03, 2008 9:15 AM
Update:
1.I talked with our mortgage broker and got my questions about the mortgage answered. It's going to be a good mortgage for us and I'm happy we went with this company.
2. I talked with our insurance broker and got a great quote. It's going to save us $35 per month from what we budgeted!!
3. With the above taken care of and a successful home inspection on Friday we were able to go and waive our conditions of sale last night and the house is officially sold to us! We take possession on Sept. 26th!!!
I'm feeling much better about all of this now. I know we still have a lot of things left to do that can be really stressful (like paying closing costs.. which is totally freaking me out) but we can do it. It will all work out and I'm excited!
After getting a good deal on our insurance last night I am determined to find other deals for us. Example: we used to have our home phone with one company and our cable/internet with another. I looked online today and we can bundle those three things together with one company and save more the $50/month for the same or better service. I may get a new cell phone and add it to the same bundle as I've been thinking about going on a plan anyway and this would make it cheaper than if I did it seperately.
Any other cost cutting suggestions? Anything would be appreciated! :)
Update:
1.I talked with our mortgage broker and got my questions about the mortgage answered. It's going to be a good mortgage for us and I'm happy we went with this company.
2. I talked with our insurance broker and got a great quote. It's going to save us $35 per month from what we budgeted!!
3. With the above taken care of and a successful home inspection on Friday we were able to go and waive our conditions of sale last night and the house is officially sold to us! We take possession on Sept. 26th!!!
I'm feeling much better about all of this now. I know we still have a lot of things left to do that can be really stressful (like paying closing costs.. which is totally freaking me out) but we can do it. It will all work out and I'm excited!
After getting a good deal on our insurance last night I am determined to find other deals for us. Example: we used to have our home phone with one company and our cable/internet with another. I looked online today and we can bundle those three things together with one company and save more the $50/month for the same or better service. I may get a new cell phone and add it to the same bundle as I've been thinking about going on a plan anyway and this would make it cheaper than if I did it seperately.
Any other cost cutting suggestions? Anything would be appreciated! :)
I'm going to be a homeowner
Posted Wednesday, August 27, 2008 11:39 AM
They officially accepted our offer yesterday. We went in last night to sign-off and give the deposit ($1000 gone already). We now have 5 days to get our financing and insurance solidified as well as have an acceptable home inspection. This is proving to be a frustrating process, so I will be happy one way or the other when these 5 days are over. If any of that doesn't work out to our benefit, we can walk away... the cool part is, they can't! I'm still freaking out but it's getting a little bit better. What I can tell you 100% for sure that I am ready to be done dealing with our real-estate agent. I really liked her in the beginning but there's just something about her now that drives me crazy. I shouldn't be that way because she kicked in $1000 towards our house (off of her commission) because we wouldn't go any higher and the seller wouldn't come any lower. She didn't have to do this so it was really nice of her to do just because she "really wanted us to get this great house" (right- I know the real-estate game) but I still have a sour taste in my mouth about her for some reason. DH thinks I'm nuts and likes her, but my intuition says there is just something. I won't be recommending her to anyone... but I wouldn't say not to use her either. I'll just keep quiet about her.
After we signed the paperwork, we went for our anniversary dinner at The Keg. We were going to go somewhere fancy pants, but we love The Keg so that's where we ened up. I thought I wasn't hungry (still feeling nauseous over this house decision) but man did I eat once we got there!! I had 2 pieces of bread, half a ceasar salad (we shared), the insides of a baked potatoe with butter and salt (I couldn't eat the skin) and steak with Chipotle sauce, herbed cream cheese and onions!! DH said "hmmmm... you did ok for someone who wasn't hungry when we got here". I wanted dessert too, but knew that I shouldn't. Dinner made me feel better because we talked about what we were most excited about with the house. DH is excited about the garage (why I'm not sure because he's not one of THOSE guys) and the yard. I'm excited about having a library/office, the yard, the fireplace/mantle and about having a dishwasher!!!!! We're both most excited to get out of his mom's house. 2 months have been more than enough. It will be 3 by the time closing comes. We miss our little apartment desperately.
So.... I'm feeling ok today, just trying to get appointments made for mortgage, inspection etc. It's frustrating, but it's keeping me busy. If all goes through we close on our first house on Sept. 26. Fingers crossed that everything works out!
They officially accepted our offer yesterday. We went in last night to sign-off and give the deposit ($1000 gone already). We now have 5 days to get our financing and insurance solidified as well as have an acceptable home inspection. This is proving to be a frustrating process, so I will be happy one way or the other when these 5 days are over. If any of that doesn't work out to our benefit, we can walk away... the cool part is, they can't! I'm still freaking out but it's getting a little bit better. What I can tell you 100% for sure that I am ready to be done dealing with our real-estate agent. I really liked her in the beginning but there's just something about her now that drives me crazy. I shouldn't be that way because she kicked in $1000 towards our house (off of her commission) because we wouldn't go any higher and the seller wouldn't come any lower. She didn't have to do this so it was really nice of her to do just because she "really wanted us to get this great house" (right- I know the real-estate game) but I still have a sour taste in my mouth about her for some reason. DH thinks I'm nuts and likes her, but my intuition says there is just something. I won't be recommending her to anyone... but I wouldn't say not to use her either. I'll just keep quiet about her.
After we signed the paperwork, we went for our anniversary dinner at The Keg. We were going to go somewhere fancy pants, but we love The Keg so that's where we ened up. I thought I wasn't hungry (still feeling nauseous over this house decision) but man did I eat once we got there!! I had 2 pieces of bread, half a ceasar salad (we shared), the insides of a baked potatoe with butter and salt (I couldn't eat the skin) and steak with Chipotle sauce, herbed cream cheese and onions!! DH said "hmmmm... you did ok for someone who wasn't hungry when we got here". I wanted dessert too, but knew that I shouldn't. Dinner made me feel better because we talked about what we were most excited about with the house. DH is excited about the garage (why I'm not sure because he's not one of THOSE guys) and the yard. I'm excited about having a library/office, the yard, the fireplace/mantle and about having a dishwasher!!!!! We're both most excited to get out of his mom's house. 2 months have been more than enough. It will be 3 by the time closing comes. We miss our little apartment desperately.
So.... I'm feeling ok today, just trying to get appointments made for mortgage, inspection etc. It's frustrating, but it's keeping me busy. If all goes through we close on our first house on Sept. 26. Fingers crossed that everything works out!
1 down, 2 to go!
Posted Friday, August 29, 2008 10:30 AM
I just got a call from our mortgage broker.... our financing is approved and we got a great rate! I was scared because the type of mortgage we were applying for usually adds a couple of points to make up for the 0% down. Well, that didn't happen!!! Yay! I hope we can lock in for a while at this rate because it's really good.
She said she was sending me the paperwork while we were on the phone, but I still haven't received it. I just called her and left a voicemail with my work email so that I'll know right away when the email arrives, but I'm still waiting. Grrrr. I just want to look at the fine print, the term, the payment details etc.
So that's 1 of our 3 conditions met. We have the home inspection tonight (condition # 2) and then I have to call the insurance broker to make sure we can get good home insurance (condition # 3). Once those things are done, we can firm up our sale and then we just have to wait until closing. I hope that the home inspection goes well and that he doesn't find a lot of big problems.
I'm feeling better about the whole thing now. I'm still really nervous, but not in such a negative way as before. It's now starting to become an excited nervous. However, I will be happy when all of this is OVER! It's the most stressful thing I have ever been through.
I just got a call from our mortgage broker.... our financing is approved and we got a great rate! I was scared because the type of mortgage we were applying for usually adds a couple of points to make up for the 0% down. Well, that didn't happen!!! Yay! I hope we can lock in for a while at this rate because it's really good.
She said she was sending me the paperwork while we were on the phone, but I still haven't received it. I just called her and left a voicemail with my work email so that I'll know right away when the email arrives, but I'm still waiting. Grrrr. I just want to look at the fine print, the term, the payment details etc.
So that's 1 of our 3 conditions met. We have the home inspection tonight (condition # 2) and then I have to call the insurance broker to make sure we can get good home insurance (condition # 3). Once those things are done, we can firm up our sale and then we just have to wait until closing. I hope that the home inspection goes well and that he doesn't find a lot of big problems.
I'm feeling better about the whole thing now. I'm still really nervous, but not in such a negative way as before. It's now starting to become an excited nervous. However, I will be happy when all of this is OVER! It's the most stressful thing I have ever been through.
I have the greatest husband ever!
Posted Tuesday, August 26, 2008 12:42 PM
I just got a dozen beautiful antique roses delivered to me at work. The card is for an anniversary (which we are celebrating our 2nd today) but DH added "everything WILL work out fine. I love you baby."
He knows how stressed I am about the house and I know he hates it when I'm feeling like this because he never knows what to say or how to fix it.
This is perfect. I feel better already.
I just got a dozen beautiful antique roses delivered to me at work. The card is for an anniversary (which we are celebrating our 2nd today) but DH added "everything WILL work out fine. I love you baby."
He knows how stressed I am about the house and I know he hates it when I'm feeling like this because he never knows what to say or how to fix it.
This is perfect. I feel better already.
Rollercoaster Baby Baby!
Posted Tuesday, August 26, 2008 8:43 AM
No, I'm not having a baby :) I see how the title could be misleading.
Last night we got a verbal acceptance on our offer for the house. Their lowest was 2k more than the absolute highest we wanted to spend. Our agent and their agent made up the difference. I am on such a rollercoaster of emotions right now. I'm super excited one minute and totally panicking the next minute. I also go back and forth between thinking what a great deal it is for the lot, house condition, area etc. and then thinking we should have held out longer because eventually the would have had to come down more (but we were afraid to lose it and they were really sticking to their guns). However, we still have to get their signed acceptance and then we have 5 days to get a home inspection and firm up our financing. If either of those things are unacceptable to us, we can walk away from the deal. I think that is the only thing keeping me totally sane now is that we're not necessarily stuck in this if we find something we don't like. It's just really hard to deal with being literally at the very tip top of your price range.
We went over our budget again and again last night. Paying the bills shouldn't be an issue, it will just means there won't be a whole lot left over for a while. We just know that this house is a really good buy and will get better resale than any of the others we looked at but I'm still freaking out.
We've wanted to buy since a year before the wedding and now that it's actually happening I'm unsure about it. I called my mom this morning (who has been super excited for us over this whole process) and told her they had verbally accepted and all she said was "oh... interesting. Well, good!". This did not instill a lot of confidence in me and our decision. Especially since this was coming from my mom who is alway super supportive.
All this and it's our 2nd Anniversary today. I wish I could just be 100% happy about it, because it's a pretty awesome anniversary gift to give eachother. But, I'm just too nervous to be happy.
DH left me a card on the bed side table this morning... it said something to the effect of "Someday we'll look back on this crazy time in our life and wonder how we did it. But we'll know that if we had to do it over again, we wouldn't change a thing because we can do it together". It's so appropiate for what's going on right now and it made me smile. I just wish I didn't feel so nauseous.
I guess I better go and get ready for a crazy few weeks.
No, I'm not having a baby :) I see how the title could be misleading.
Last night we got a verbal acceptance on our offer for the house. Their lowest was 2k more than the absolute highest we wanted to spend. Our agent and their agent made up the difference. I am on such a rollercoaster of emotions right now. I'm super excited one minute and totally panicking the next minute. I also go back and forth between thinking what a great deal it is for the lot, house condition, area etc. and then thinking we should have held out longer because eventually the would have had to come down more (but we were afraid to lose it and they were really sticking to their guns). However, we still have to get their signed acceptance and then we have 5 days to get a home inspection and firm up our financing. If either of those things are unacceptable to us, we can walk away from the deal. I think that is the only thing keeping me totally sane now is that we're not necessarily stuck in this if we find something we don't like. It's just really hard to deal with being literally at the very tip top of your price range.
We went over our budget again and again last night. Paying the bills shouldn't be an issue, it will just means there won't be a whole lot left over for a while. We just know that this house is a really good buy and will get better resale than any of the others we looked at but I'm still freaking out.
We've wanted to buy since a year before the wedding and now that it's actually happening I'm unsure about it. I called my mom this morning (who has been super excited for us over this whole process) and told her they had verbally accepted and all she said was "oh... interesting. Well, good!". This did not instill a lot of confidence in me and our decision. Especially since this was coming from my mom who is alway super supportive.
All this and it's our 2nd Anniversary today. I wish I could just be 100% happy about it, because it's a pretty awesome anniversary gift to give eachother. But, I'm just too nervous to be happy.
DH left me a card on the bed side table this morning... it said something to the effect of "Someday we'll look back on this crazy time in our life and wonder how we did it. But we'll know that if we had to do it over again, we wouldn't change a thing because we can do it together". It's so appropiate for what's going on right now and it made me smile. I just wish I didn't feel so nauseous.
I guess I better go and get ready for a crazy few weeks.
Yay! The Ball is Rolling!
Posted Friday, August 22, 2008 9:34 AM
We met with a broker yesterday and got our questions answered and got a preapproval done. We we preapproved for 50k more than we thought we would be, but we won't be spending that much. We're going to stick with our original budget unless we find a property that has a basement apartment (or similar) and therefore is an income property. Then we can spend a little bit more.
It was such a relieft to have a solid preapproval so we know for sure what we can spend. It's also a relieft to have our questions answered, but of course, as soon as we left, I thought of about 20 more questions. I think I am still going to talk with one more broker and see what the differences are, but I was happy with the guy we talked to yesterday. My mum and uncle both have mortgage with him and are confident about him and his company, so that makes me feel good about it.
We're going to go to lots of open houses this weekend and try to get in to two different properties that we have our eyes on. I'm so excited now and feeling much more confident about the whole process. Still... I can't wait until it's over and we're getting the keys for our first house! :)
We met with a broker yesterday and got our questions answered and got a preapproval done. We we preapproved for 50k more than we thought we would be, but we won't be spending that much. We're going to stick with our original budget unless we find a property that has a basement apartment (or similar) and therefore is an income property. Then we can spend a little bit more.
It was such a relieft to have a solid preapproval so we know for sure what we can spend. It's also a relieft to have our questions answered, but of course, as soon as we left, I thought of about 20 more questions. I think I am still going to talk with one more broker and see what the differences are, but I was happy with the guy we talked to yesterday. My mum and uncle both have mortgage with him and are confident about him and his company, so that makes me feel good about it.
We're going to go to lots of open houses this weekend and try to get in to two different properties that we have our eyes on. I'm so excited now and feeling much more confident about the whole process. Still... I can't wait until it's over and we're getting the keys for our first house! :)
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