Home > Sniff...


March 27th, 2011 at 02:42 am

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?

8 Responses to “Sniff...”

  1. creditcardfree Says:

    I think once you are moved AND free of your current home you will be okay. It is hard to move, especially from a house you have invested time, money and energy into.

    Praying your house sells fast...are you staging it?

  2. miclason Says:

    Prayers for a quick,successful, problem-free and profitable sale going your way!

  3. ThriftoRama Says:

    I am Designing to Sell and staging it, to the degree possible.

  4. Joan.of.the.Arch Says:

    As soon as you get a moment to breathe, consider whether your new commitments indicate you might need extra life insurance on one or both of you. Perhaps just some term insurance during the period when you will have both houses with money going into both.

  5. ThriftoRama Says:

    I am pushing hubby to get term life, now that we have a mortgage

  6. Jerry Says:

    I think that change always leads to some hard decisions, especially when it involves the place of residence. Still, it seems that the upsides are pretty significant! I agree that the insurance question should be managed sooner than later. I hope that both houses are easy to manage for you! Good luck...

  7. Looking Forward Says:

    See how you feel in six months. I bet you'll feel much better. Big Grin Also, crossing fingers for a quick sale.

  8. MonkeyMama Says:

    Is today the day? Hope it all goes smooth!

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