Tuesday, March 06, 2007

housing update

so we made the offer last night and while i though this would take a few days, we had a counter offer from them, a counter offer from us and a counter offer from them by 8pm. josh was flipping out on the outside, i was flipping out on the inside so we pulled on the reigns a little slept on it. this morning i got actual numbers from the mortgage people, and although our savings fund will be wee, it is still doable. after utilities we still have about 20% of our salary for playing and saving. not a lot, but not nothing either.

josh is still pretty nervous; it is a big step. for some reason, i am seeing this as just another page we have to turn. we are in a place to own a house and we found a great place we love. besides being VERY much in debt, i cannot see the downside.

josh will think about buying a game system for a week before he actually spends the money. this is a huge step for him. if he is not ready, then we are not ready. but then again, i think of my parents. my dad wasn't keen on the new place in boston and my mom REALLY wanted it. so she prodded him along and now he loves it. i think josh is ready, he just hasn't internalized it yet. will keep you all posted.

7 Comments:

Blogger si gracieuse said...

Well, of course being "VERY much in debt" IS a downside. And a big one. It depends what other things you want or will want to do with your money, if any. Debt SUCKS. As much as you love the house, a four-bedroom investment that eats up 80% of your combined salaries may force you to pinch more pennies than will wind up being fun, leaving precious little room for spontanaiety. So I think it's good you're both taking the time to think about it.

What do your parents think? And how is the market now (buyers' vs. sellers')? A house IS an important investment, but you also want to make sure it's a WISE investment. Is there anything wrong w/ the house or that you'd have to spend additional money to repair? Things like septic tanks and gutters and plumbing? Nothing wrong with holding back just a little and being SURE.

Now hurry up and post some damn pictures.

12:25 PM  
Blogger Deepa said...

it IS a good deal. a big house, lots of space, everything has been redone in the last few years (finished attic, new roof, new siding, new insulation and heating system, new hardwood floors, etc). the value is good. you are right, we do not NEED that much space. but everything else in that price range is crap. we either have to go lower and live in a smaller more urban area or move away from the city and then pay for a seond car, commuter rail and T pases. it s a fine balance.

josh is feeling better about the whole thing. i think it is just a lot of money to him and he is having a hard time adjusting. we are going to take a second look at it this week and the either accept their offer or let this one go. i don't know yet.

1:50 PM  
Anonymous allie said...

Wow, I can't believe how fast this is happening! Is there a link you could email so we can see it? Is this a house you would want to live in for the long haul or is it a 2-3 year type of place - if it's the former you will want to check on the schools as well - try www.greatschools.com for a start.


So happy for you!
xxx

2:34 PM  
Blogger Deepa said...

no pics until they accept our offer - i dont want to jinx it. :) but i promise to send them as soon as things are more final.

it IS a four bedroom, so we can stay here for a little while and just spread out or stay for a few more years and put down roots. if kids come in the next 2 or 3 years, we won't have to worry about schools for another 7 or 8 - but don't worry allie - watertown has some great schools just in case:)

4:36 PM  
Blogger Deepa said...

oh becs - that 80% incuded a few hundred dollars for fun, and then food, the gym, and gas and stuff. we have 20% AFTER all out usual expenses... not too too mad. just o 50% like we have now...

11:58 AM  
Blogger si gracieuse said...

well now i feel better. ;o)

1:27 PM  
Blogger Deepa said...

wow - that had more than the usual deepa typos - my apologies people:)

1:50 PM  

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