Are you thinking about buying a house anytime between now and the not so distant future?
My husband and I are currently in the process, and let me tell you – buying a house has got to be one of the most emotionally draining, annoying, and frustrating adult tasks that I’ve ever had to undertake (So far anyway). (I may or may not have said the same thing about car buying at one point or another).
The loan pre-approval process is enough to make me want to hide in a cave. You need 2 years worth of W2s to show that you make enough to afford a house, recent pay stubs to prove you still have a job, information on your current residence and past residences up to 3 years, and not to mention all your personal information like social security number and date of birth. And that’s just for the PRE-approval.
But the real hard part comes with looking at house after house, picturing your life in each one, falling in love, and then for one reason or another, having to say goodbye.
Maybe it’s just me?
I put emotional stock into these places, because if I’m going to buy a house, I think there does have to be an emotional connection. I don’t want to just buy something to buy something and then end up hating it for one reason or another (I have a long history with being dissatisfied with the places I’ve chosen to live, maybe there’s something a little deeper there that I need to look into?). Buying a house is a huge commitment and I want to be sure I’m making the right decision.
Last week, my husband and I stumbled across a great house on an amazing piece of property, and in a location that would have worked really well for us. The house needed work. It was pretty old, and the asking price was too much for how much work the home would need. So we low-balled it, and we were rejected.
We decided to raise the offer a little, hoping to at least get a bite, but again it was rejected. Unfortunately, we just couldn’t come to terms with paying anymore than our highest offer, because the house just needed too much work.
I’m sad, and disappointed, but overall I feel good about our decision. If you’re buying a home, it’s important to know what you’re getting into. It’s important to know what’s realistic for you and what isn’t. Houses cost a lot, and if you make a bad decision, your house could end up being a giant money pit that sucks you dry.
Buying a house is about more than finding a home – it’s an investment for your future. And sometimes, no matter what your heart wants, you have to know when to make a tough decision.
My husband and I are lucky that we have parents in the real estate and construction industry, so we have experts around to give us good advice, and if it weren’t for them, we might have made a bad decision about this house. I’m grateful for them.
Have you recently purchased a house? Or maybe you’re in search of your dream home like us! I want to hear all about your experiences. Talk to me in the comments below or share a link to a post you’ve written about buying a home.