Home Buying Tips From Our Big Purchase
August 2, 2010
Home buyers are definitely in the drivers seat in the current real estate market. We know this because we bought a house for a great deal last week!
Our realtor helped us find a good deal on a short sale that was about to go into foreclosure; so the whole home buying process had to be expedited to beat the foreclosure date. In just over two weeks time we made an offer, got financing, had the deal almost fall through, and then finally closed on the house.
It’s been quite an emotional roller coaster ride; the decisions, disappointments, and excitement have been pretty exhausting but we’re happy with the outcome. It’s too bad that the selling family found themselves in such a bad situation financially but it seems to have worked out for the best; the owners avoided foreclosure, the bank got (some) of their money back, and we got a great deal on a house.
We’re really greatful to the bank that did our financing for fast tracking our loan processing to meet the deadline, as well as locking us in to some of the best mortgage rates we’ve ever seen.
You’ve probably noticed that with the exception of the new bank account overdraft rules and two reward cards articles, the best Blue Cash rewards and our credit card rewards, all we wrote about last month were home buying topics.
Here’s an overview of the home buying tips we’ve picked up over the last few weeks:
Home Buyer Tips
Coming up this month we’ll have more to share about what we learned in our process of buying a house. We’re going to be doing a lot of work to the new house before we move in so I’m sure I’ll also have tips on home remodeling.
Since our current home is still on the market, we’ll also cover the topic of selling a house, wish us luck!
All posts by Ben Edwards