Tuesday, October 14, 2008

The House Hunting Continues...

Well…Justin and I have been very indecisive about buying a house. We looked for months and months and put in several offers, but nothing went through and the ones that did we changed our minds on. When we first started to look we were trying to find a larger house for us for when we decided to have children, then we started to think that it would be better to buy one as an investment and rent it out. So…we went back and forth on our thinking and then we just stopped looking for a while. It’s been a few months and we have finally decided to just get one as an investment and rent it out. We put an offer in on one and we’re going to put offers in on two more today. It really is a “Buyer’s Market”, which is a good thing for some, but BAD for a lot of other people. I can’t believe how many homes go into foreclosure in a day; it really is just so crazy! All of the homes we have put offers on are either foreclosures or short sales. The prices are so low, but unfortunately the process can be a little nerve racking. It usually takes the bank forever to respond to your offer and there is so much paperwork. This is why most realtors recommend that you put in several offers in at once, so that the chances of one going through are higher. Justin and I hope that one of these offers will work out for us, but if not, we’ll just be grateful that we have our home and our jobs. We would eventually like to move, but we are in no rush! We still have two empty bedrooms and no children! Not to mention we both really love our home, the neighborhood, our neighbors, no HOA, and we’ve got a pretty big front and back yard (for a Vegas track home that is). Oh…and there is a lot of parking, which is hard to find now in Vegas. So…keep your fingers crossed for us :)

No comments: