Saturday, August 23, 2008

trying to overcome...

...the crippling superstition of talking about things before they are certain. I don't want to jinx this whole deal.

But the day after that last post, we found three new houses that caught our eye. We went the following morning (Saturday) and looked at them all, and two were nothing special, and one on Sandy Drive was pretty great. Great enough that my heart was racing while we walked through it, and we kept just looking at each other and smiling. And our realtor seemed pleased with everything he could see.

So we went back to Sandy on Sunday, in the morning with Casey and Trent, and in the evening with Dad and Richie. And everyone approved. I think Trent and Casey were withholding enthusiasm a little bit, trying to not get too gushy in case everything fell through like last time. They also seem to think this house is in the middle of nowhere, as well as "too big," as if that exists for a family with six pets. But I think they can see all the things we love about it (I'll detail below, even if I'm nervous to talk about it too much), and when Trent saw the 30 x 15 foot "man room" in the basement, he yelled, "We're moving in!" Dad was leaping about in joy and detailing the treehouses he will build for his grandchildren at this house (uh, Dad? Why not harass my MARRIED sisters about this topic?). Richie also kept stomping his foot like Elijah and declaring that he was jealous. Very wholehearted endorsements from that front.

So we decided to meet with Peter on Monday and assemble an offer. Then he called Monday morning to let us know that he had spoken with the seller's agent (the house is a bank foreclosure, so we're dealing with A Bank and not A Person) who said that the bank was not accepting FHA loans on the house. Uhhh, what? After all the trouble of being told we only qualified for an FHA loan (and therefore weren't eligible to buy our own house that we've rented for three years), we ended up finding a conforming (conventional) loan that would work for us, with only 3% down in a gift form and no requirements about the condition of the house. This was all accomplished during the work day on Monday, so we still got our offer put together and sent to the bank Monday night.

Then we waited and waited. We had requested to hear back on our offer by Wednesday at 6, but the seller's agent didn't seem to think it would happen in that time frame. He did say it was a "pretty good" offer, and hoped the bank would just take it and not draw out the process. Wednesday came and went, and Thursday. Luckily we had the Cheatham County Fair Demolition Derby to distract us from the agony of waiting for an answer. Finally, Friday afternoon after lunch we got a quick email from our realtor: "ACCEPTED!!" Hooray!

So now we have to see the addendums placed on the contract by the foreclosing bank, and approve them. We have to fork over 3% earnest money, which will also be our down payment. We have to line up an inspection and then figure out what our lending bank wants from us. And then we've got to BUY A HOUSE.

A big house. 2025 square feet. With a finished attic, a finished basement, 3 bedrooms, two bath, a huge kitchen with baby blue formica countertops, and a gigantic magnolia tree in the backyard. The living room, dining room and kitchen make up the front half of the house, all flowing into each other with huge doorways. This might be my favorite part of this place. Where we live now, the kitchen is the back of the house, the living room is the front, and there isn't a natural social flow in between. I love the idea of these three rooms feeling like one big area for visiting, dining, cooking, entertaining. The bedrooms are both large, in the back half of the house, with a large bathroom between. We will need to pull up the carpet in these bedrooms before we move in, but there are good quality hardwoods underneath and it shouldn't be a huge project. We also need to paint (as you'll see from the photos) and finish the fence in the backyard so our dogs will be safe and we can just kick them out of the basement door. Other than that, we could happily move straight into the main floor of this house and slowly update/furnish the attic and basement into our own usable space. I think we'll make the second bedroom on the main floor into an office/library, and put the spare bedroom in the attic. And I also think we'll get a grownup couch, and move the Big Brown Couch into the basement, along with the darts and eventually an entertainment center. It needs a good cleaning, it's been empty since May. Otherwise, it's a house where we could live for years, with privacy and big lawns and a covered patio.

I'm just so excited. More fingers crossed for all the contract negotiations to go quickly. With luck we'll be homeowners soon!

Oh, and thanks for all the amazing advice and guidance we've gotten from all of our friends and family. This whole experience has been vastly easier because we know so many smart, experienced people!

4 comments:

Vickie said...

I have so many fingers crossed I can hardly type. You deserve this, it sounds wonderful, I can't wait to see it. Love you, Mom

Larry said...

When you move in, I'm hoping for a full report on the plumbing and its needs :~) Fingers crossed!

Mandy said...

I am crossing my fingers...and my toes!! Good luck. We've only been in our house for 16 months and I remember what an exciting time this was for us!!

theblondemule said...

Hooray!