Realty Check

Did you know that when you buy a house, there’s no more landlord to pay for busted water heaters and failed compressors? No more handy man just a phone call away? No more maintenance guy that takes care of every little break, snap, drip and squeak? What is this world coming to?!

You might have figured out by now I’m contemplating the big plunge into home-ownership. And I’m getting better about it. I only hyperventilate like two or three times a day. Trust me, that’s much better than I was the day I signed all the paperwork for the pre-approval.

Have you ever seen the amount of money that is involved in these things? It’s just crazy. Who came up with this brilliant system? Whoever he is, and I’m sure it’s a *he*, he’s one rich bastard, let me tell ya. I’d like to get a my hands on him and squeeze until his….errr….nevermind.

So, I’m pre-approved and I have my little letter to carry around that says so. It’s like walking around with a ton of money in your pocket only not. And it’s by no means a guarantee this is ever going to happen. You wouldn’t believe how many pieces of this puzzle have to fit together for this to work. Basically, the stars have to align perfectly, the seas all need to flow in the same direction at the same time and I have to have a perfect hair day seven days in a row. Hell, I can’t even pull off that last one for more than two! (Makes note to schedule haircut for this weekend)

But, I’m remaining optimistic. Or trying to anyway. I can do this. Sure I can. Just like I can write a book. Oh God, I’m in trouble….

Tell me about your happy home buying experiences. Tell me how fun this is and how it will all be ok. In other words, LIE!

23 thoughts on “Realty Check”

  1. Anonymous says:

    Oooo…I remember helping Richard buy a house. It sucked. Stressful, long, scary, but once you have the house, something solid to call your own, it makes it all worth it.

    D

  2. terrio says:

    Di – Did you miss the part about lying? LOL! Pretend it was all sunshine and roses. I need courage here and false hope may be the only thing I’ve got!

  3. MsHellion says:

    My friends nearly divorced over it a couple times… It doesn’t go well. Though, if you make it through that, PUBLISHING should be a breeze!

  4. terrio says:

    You people are terrible liars.

    Hmpht.

  5. MsHellion says:

    My sister says that about me all the time. She says I would have gotten away with much more if I’d just lied. I don’t have the patience for keepign the lies straight. I’d rather admit the truth in such a outrageous way, no one believes me. I was doing that long before Jack says, “I always tell the truth and yet people are always surprised…”

    It’s much more fun. Much more satisfying when people realize I wasn’t lying.

    If I’m going to lying, I’m going to do so with omission. Omission is my favorite form of lying. But that would have required me not commenting at all…and you were complaining I wasn’t reading your blog.

  6. terrio says:

    A simple “My friends bought a house once” could have served as both comment and omission. We need to work on this.

  7. Anonymous says:

    Once upon a time……the happy couple bought the perfect house with no trouble and no regrets. It was ssooooo much fun and they lived happily ever after with lots of sunshine and a rose garden. The End.

    LOL! Enjoy!
    Cathy (ct009ct)
    a terrible liar and a terrible story teller.

  8. Hey terri glad to see you’re still blogging. Terri it will all be alright.lol.

  9. irisheyes says:

    Okay, Terri, I’ve got something very positive to tell you. The biggest pain we’ve experienced when buying a house was not the purchasing of a new house but the selling of the old. Plus this is a buyer’s market, not a seller’s (my sister is thinking of buying too!)

    So you’ve got two things going for you – no place to get rid of before you can commit to the sale and whoever you are buying from needs you more than you need them!

    The world is your oyster, babe, go for it!!!!

  10. terrio says:

    Cathy! That’s exactly what I was looking for. Thank you so much for the beautiful lie and for stopping by. LOL!

    Kelly – Where have you been? I tried to check out your blog not long ago and POOF you were gone. I hope you’re back to stay and all is well.

    Irish – you is too good to me. You’re right, the fact I’m not selling anything makes it easier. Except I’ll have to buy my way out of my lease but I’ll survive. I dread the physical moving because I currently live in a 3rd floor apartment but you can believe me when I say a great deal of things that seemed important enough to keep three years ago will lose that importance pretty quickly. LOL!

  11. MsHellion says:

    Are your new tenants going to inherit a lot of your books then? *LOL* Say, your entire TBR pile?

  12. terrio says:

    You know, that not poking the bear thing can work both ways. LOL!

    I’m not thinking about moving all the books. I’d rather lift a refrigerator. And the washer and dryer. At the same time.

    *sigh*

    I need to start pricing movers. I think they have that Two Men and a Truck company here. Off to google…

  13. Will you hate me if I tell you I was a Realtor for 8 years and could tell you stuff that will make you as crazy as I am? Seriously, home-ownership is the biggest investment most people make and you will never regret it. Be careful about closing costs. Most people just don’t realize how much they get slammed with them. The first loyalty of a Realtor is to the seller, for that’s who pays the commission, but all agents must make full disclosure. Spend the $ on a home inspection and make your offer contingent upon the results. I could go on forever—but e-,mail me with any questions. My license is lapsed (kind of like my church attendance) but I can still rmember some s***. It’s extemely important you find an agent you can work with, trust, and who knows your needs. A good one will be almost as happy as you are to get you settled into a home of your own.

  14. terrio says:

    Maggie – you’ll be happy to know I do have a realtor and she’s very sweet. She’s well aware of all the little loop holes we have to jump through to make this work.

    And the closing costs are sort of handled in the fine print of how the loan works so if the seller agrees to what I need them to agree to, I know exactly how much I’ll have to dish out. And inspections will happen. I can promise you that!

    But I will probably email you anyway. LOL!

  15. Quantum says:

    Terri, tell us more about the proposed house!

    Does it have a garden with roses or is it another flat with a balcony maybe…a pic would be nice.

    If its a large house you could have a junk room to store all the drafts instead of throwing them out…..though then they say the devil makes work for idle hands *g*

    Anyways your definitely on the right track…..I’m sure you know how to use a drill and can erect shelves etc.

    I recently decorated my son’s house….dead easy when you get the hang *g*

    If I was within a hundred miles I would pop over to help!

    Good luck with it…right time to buy and a fantastic investment!

  16. terrio says:

    Q – there is no proposed house just yet. I’ve just gotten pre-approved to see how much house I can buy and now my realtor and I will start looking in about three weeks.

    I can promise that will post some pictures if I find one and it’s so sweet to know that you would help out. Of course, I’d be sure to have scotch on hand. *g*

    I am somewhat handy with a hammer and screwdriver but I have a feeling I’m about to get an education in handyman work in a hurry.

  17. Santa says:

    Congrats on the pre-approval and for taking the home ownership plunge. Our trip into home ownership was relatively painless. Our broker was a friend and our lawyer just rocks. Our mortage agent was a great help and we’ve refinanced a couple of times without a hitch.

    That being said, we are now contemplating blowing out the back of the house in order to get another shower in, some more room for the girls and a ‘real’ office for me that doesn’t share the TV, toys and home computer! Right now it’s just a pipe dream but it’s so much fun to make drawings and dream.

  18. terrio says:

    That is the best part, Santa – dreaming. Even if I don’t find a place to buy this year, it’s great to know that I can someday and that someday could be soon. It’s also nice to dream about decorating and choosing colors and just knowing it’s mine. I think for now the dreaming will sustain me. LOL!

  19. Lenora Bell says:

    Hi Terrio,

    Kinda late, but I wanted to say congrats on your preapproval and good luck house hunting! My bf and I bought a house in 2003 and it was the best thing we ever did. It’s so wonderful not to be throwing your money away on rent every month. We bought a fixer-upper in a rundown neighborhood and now we’ve got lots of (sweat) equity.

    It was a wild ride–we put bids on four houses before we found the right one.

    My one piece of advice is if you decide to use a real estate agent, make sure it’s someone who a) comes highly recommended by people you know and care about, and b) knows the type of market you are buying in (i.e. first time homebuyers). We had a terrible agent. It’s the one thing I regret.

    Good luck, keep us posted!

  20. terrio says:

    Lenora – never late! I’m glad things worked out and you got the house meant for you. I’m actually looking forward to all the craziness. It’s sort of like the ultimate shoe shopping getting to go into and walk around a bunch of houses, size them up, try them on.

    I really like my realtor. She’s been with me since I first got an inkling to try this more than a year ago and she’s so patient. She’s a single mom like me and has been good about making sure I ask questions and get answers.

    We’ll start looking at houses in about three weeks and I will be sure to keep updates coming. No reason not to bring everyone along for the ride. *g*

  21. Di R says:

    Terrio,

    Best of luck house hunting. Don’t get discouraged if it takes a while to find the right one. We looked at ALOT of houses, before we found the one we finally bought.

    Di

  22. terrio says:

    Thanks, Di. I’m actually more worried about feeling the pressure to take one too soon. In my price range, homes are either not that great or if they are don’t last long. I feel like I should be doing some physical trainging for this or something. LOL!

  23. Marnee Jo says:

    Ter – it isn’t so bad. I’ve purchased two houses now and neither was *too* painful.

    I used to be a mortgage processor in a past life so let me know if you have questions about you loan…

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