Sunday, December 14, 2008

A Screeching Halt....

So I may be being a tad over-dramatic (I know what you're all thinking, "Stephanie?!?! Dramatic?! Those two words don't belong in the same sentence!" You're too kind.) Anyways, today Ben and I continued our search for a house. We met a really nice realtor that we like very much. She has been sending us lists of houses to go through and we have sent her the ones we were interested in seeing. Many of the houses we had showed interest in have been going under contract right from under our noses unfortunately. But today we headed out to Stephens City, VA to view 6 properties that we had liked from the listings Julie (our realtor) had sent us a couple days ago. By the time we arrived (10AM this morning) to Julie's house (also in Stephens City) 3 of the 6 houses had gone under contract within the past 2 days. So she had pulled a few more houses to show us.

House 1
The first house was actually right across the street from Julie's house. The neighbors there were all very friendly, they waved to each other while driving by, etc. It was a really nice neighborhood feel. But unfortunately the house wasn't exactly what we had wanted. The biggest drawback, for me, was that there was no basement. So we left for house number two.

House 2
House 2 was in a newer allotment and was brand new itself. It was a beautiful house. We both liked it very much. It wasn't too big and had an unfinished basement that had the rough in for a bathroom. The kitchen was stunning: granite countertops, stainless steel appliances (GE Profile), dark wood cabinets....I loved it. The master bedroom was enormous! The master bath was really nice. Everything was perfect. On top of everything else, the subdivision was offering special financing for 30-year fixed mortgages at 4.875%. As if that rate was not good enough, they were also offering $10,000 towards closing costs, and a special mortgage rate of 3.8% fixed for the first two years and the 4.875% for the last 28 years. The price had also been reduced $100,000. Perfect.

Houses 3-6
Nothing to speak of. Water damage on the ceiling in one, lots of cracks in the other, nothing that compared to House numero 2.

Lunch
The realtor took us out to lunch at a local Italian restaurant. The food was really good, and they even have homemade mozzarella sticks....yummy. I was sold. I loved the area all together, the neighborhood feeling was there that we miss so much from Ohio, the realtor could tell us all about the areas whether they were good or bad, how the schools were, if they were safe, etc. All things she isn't really supposed to tell us, but that we greatly appreciated and wanted to know.

Back to House 2
We decided that we would go back to the house that we both loved so much. We sat down with the sales consultant in the office and discussed numbers and the down payment. The down payment was $9,000. And we don't have $9,000 readily available. So we said we couldn't sign a contract at that moment but we wanted to see the house one more time. So as we went back to the house, another family was coming into the office to talk about the same house.

Ben and I talked all the way home about how we could come up the money so we could get this house. The whole time Ben is nervously biting his nails as I chatted away about what we could do where, all the while hoping that other family didn't buy the house.

They went into contract a couple hours later. I cried...stupid i know, but I let myself get really excited. And to be fair, I was upset not only because we loved the house, but because of what a great deal it was with all the incentives. We both felt like we really missed out on a wonderful opportunity. As the realtor said, if it was meant to be we would have gotten the house.....I just wish it had been meant to be. :(

Our search, for now, has come to a screeching halt.

2 comments:

Marty said...

As bummed as you are now, I guess you just have to realize it's all a part of the learning curve in home-buying. You are familiarizing yourselves with areas where you'd like to live, the type of home you like, realtors, and what you can afford. I know you'd love to buy a home now, but your patience and planning will pay off. You now have a style of house you like and you know the target amount you'll need to sock away to make owning a house a reality! Good luck and enjoy the hunt!

Anonymous said...

It is always disappointing to think you missed out on something great. Hang in there and I know you guys will find the perfect home when the time is right. Love you both lots.