Mortgage Monday: Taking A Chance

This was the first attempt... really glad it fell through!

I am going to take a step back for a moment in this series and actually talk about a few months prior to us moving into the house. By the time the summer was coming to an end, my wife and I had a big decision that we had to make. Our lease was set to end today and while we had been looking at houses for some time, and we were under agreement on a property, there were no guarantees. While we usually take a more careful approach to situations, we decided to take a chance and give our notice that we will be not renewing our lease. So, when we sent our rent check in late August for the month of September, we included a note that, in accordance with our lease, we were not going to be renewing.

Technically, we had a place that, at the time, we thought we would be living but, as September slowly trudged on, that reality quickly dissolved and we soon found ourselves without a place to live come December. It was an interesting feeling of uncertainty and one that had us contemplating whether we should try to extend our lease but it was also freeing in the fact that it was one less thing to think about as we continued to search for a home. If anything, it certainly served as a motivator to get things done and step up our efforts to find a home.

Things do happen for a reason and our house hunt definitely proved that point. Within a week of terminating the agreement on the first house (based on inspections), we reached an agreement on a second, far superior, home. After talking with the bank the following week and shortening the escrow to 45 days, we knew that we would be moving and would be making the transition from a house to a home by the end of November. As it turns out, taking that chance in late August was going to pay off.

Contrary to the first ordeal which was rife with misleading statements and answers that didn’t match up with the facts and documents from the county, the process for the second house went as smooth as we could have hoped for and now that second house is now our home. No more renting, no more moving, and no more uncertainty about where we are going to be living this time next year or the year after. We are home.

Mortgage Monday: The Beginning

It is time for a new series… having purchased and moved into our new home last week I thought it appropriate to write a post every Monday about being a new homeowner. While the topics may vary these blogs will all be rooted in our recent purchase, the process, and some of the things that happen along the way. I will be writing about the services we use, experiences we have had, or simply how much things have changed in comparison to our years (and year) or renting. It is certainly a change for us but a great one that I want to share with all of you that continue to read these posts.

The process of finding a home was a long one to say the least. As I have written about numerous times before, this has been a dream of ours for years (certainly preceding the formation of this blog) and a search that has taken us to numerous places throughout the area, into other states, and even to a foreign country. While our criteria has changed since our first discussion about what we wanted our home to be, we currently find ourselves in the perfect place at the perfect time. Finally, we have a place to set our roots and a place where we can raise our son.

Looking back there are certainly things that we would have liked to have changed along the way. Even recently, it took a deal falling through on inspections in order for us to find our perfect home but, as we have been told many times before and as we keep telling ourselves, things happen for a reason. However, while we are happy with this wonderful change and becoming homeowners, my wife and I definitely agree and wish that this whole process had gone differently. Our ability to find a home came at a price that we were forced to pay and we know that we would give this all back if a refund were offered.

Look for more posts in the future that will get into some of the additional details about the process and some of the experiences that we have along the way both good and bad (hopefully there will be an absence of content for the latter). But, for now, we are going to enjoy this new way of living and the additional comfort and security that owning a home has to offer to us. And, of course, some stories about the adjustments that we are all making to this new reality.