I can't believe we are buying a house on Thursday, and our nigh debt-free life will be over. I really enjoyed the flexibility of not having a mortgage these last 5 years, and I am genuinely nervous and sad that that we are taking on housing debt yet again.
Our loan balance, after 20 percent down payment, is going to $212,700. Of course, the goal is to pay it off as soon as possible, hopefully within 5 to 7 years.
Now that we are packing boxes and closing, the anxiety around not having our current house on the market or sold is really setting in. Pray that we sell, and quickly! Managing two houses, financially and mostly emotionally, will be hard. Let alone mowing two lawns on different sides of town every week. EEK!
I just have to hope for the best, I suppose. Two of our neighbors have expressed interest in buying our house, but I'm not holding my breath. Those things never work out.
That said, we have already spent $8,225 on the new house and we don't even own it yet. The new hVAC and new carpet for the basement (it's unfinished, we're finishing it), are ordered and installation is set for the week of April 4. Okay, technically the sellers paid for the HVAC, via a credit at closing. Still money spent though!
The rest of our money and effort will go toward design to sell projects for this house. Hubby and I both concede that we are sad to be leaving it, but that the new place is great for the long term. And, we'll feel better once we are moved and settled in. Hope so. I am sad to leave this house. We have put so much into it and it is home. But alas, we need more room and better schools. I suppose that is how it goes, right?
Sniff...
March 27th, 2011 at 03:42 am
March 27th, 2011 at 04:01 am 1301194880
Praying your house sells fast...are you staging it?
March 27th, 2011 at 04:48 am 1301197704
March 27th, 2011 at 01:57 pm 1301230655
March 27th, 2011 at 03:09 pm 1301234959
March 27th, 2011 at 03:16 pm 1301235370
March 27th, 2011 at 08:21 pm 1301253701
Jerry
March 27th, 2011 at 09:53 pm 1301259183
March 31st, 2011 at 08:20 pm 1301599218