Selling to Buy
So, about a week and a half ago, we calculated how much our condo was worth. Based on comparables in our immediate area, we found it to be worth 170,000. This was great considering we had paid 110,000 for it a bit over a year ago! Yay! So we thought, hey, we should see if there's a house on the market that we can afford and move up in the world, get out from under our evil neighbors, etc. No more apartment-style living with ownership overtones.
So, to make a long story short, things have morphed a bit, but we went house-hunting last weekend. We found something we liked alot almost right away. 2000 square feet, hardwood floors throughout, brand new kitchen, and a separate studio apartment attached with separate entrance where my sister can live and have her own space, fairly good area, considering house prices around here
Great! Step on taken care of. So, I went to find financing. Found that rather quickly with my 740 credit score, low debt, and great payment history.
Great! Last step was selling OUR condo. The condo which has been in a virtual state of construction flux since we moved in 14 months ago. We had to get it on the market quickly to capture the house we wanted. Yipes. So this past week has passed in a whirlwind of hammers, saws, and floorboards. Pressure.
When we got the counter offer from the folks selling the house we want, they wanted the house listed in three days, turns out, and they said they wouldn't take their house off the market until we had an actual offer. More pressure.
So, Thursday afternoon, we listed the condo. It was still a mess, sawdust and flooring everywhere. Mess, mess, mess.
Guess what? Less than 24 hours after going on market, we got an offer for almost exactly what we wanted! So now we can move and have our house.
To think, this whole plan began less than two weeks ago. Crazy. We'll be moving right around my birthday.
Party at my place!
I'm excited.
So, to make a long story short, things have morphed a bit, but we went house-hunting last weekend. We found something we liked alot almost right away. 2000 square feet, hardwood floors throughout, brand new kitchen, and a separate studio apartment attached with separate entrance where my sister can live and have her own space, fairly good area, considering house prices around here
Great! Step on taken care of. So, I went to find financing. Found that rather quickly with my 740 credit score, low debt, and great payment history.
Great! Last step was selling OUR condo. The condo which has been in a virtual state of construction flux since we moved in 14 months ago. We had to get it on the market quickly to capture the house we wanted. Yipes. So this past week has passed in a whirlwind of hammers, saws, and floorboards. Pressure.
When we got the counter offer from the folks selling the house we want, they wanted the house listed in three days, turns out, and they said they wouldn't take their house off the market until we had an actual offer. More pressure.
So, Thursday afternoon, we listed the condo. It was still a mess, sawdust and flooring everywhere. Mess, mess, mess.
Guess what? Less than 24 hours after going on market, we got an offer for almost exactly what we wanted! So now we can move and have our house.
To think, this whole plan began less than two weeks ago. Crazy. We'll be moving right around my birthday.
Party at my place!
I'm excited.