I am really excited and kind of nervous about it. We are going to see 3 homes that are all within walking distance of each other. 2500+ square feet, 1+ acre yards, garages, neighborhood, white picket fences -- the works! (okay no fences but all the other stuff is true)
I have done my share of research on home sales in the Mount and the Real NC (Nash County) and have found that the market is flooded with homes and the average purchase price is between 60% and 75% of the tax value of the homes (based on similar homes that we are looking at in terms of location and square footage).
As much as we would like to move before new baby comes Lee and I have agreed on the following:
1. If the house does not fall into our budget - even if its close, we will wait. We must be realistic
2. If everything were to work out with the bank, and we cannot negotiate to a price that is what the current real estate market is bearing (60%-75% of the tax value) THEN no matter how much we want/like/love the house, we will not buy - we must make sound financial decisions, there will always be other houses and we can revisit the housing situation in a year. Its a buyers market and we are in the drivers seat.
|Back of our house|
|Current house love! In the kitchen that Lee reno-ed last winter!|
It is exciting and nerve racking. I know we can make it in this house for another 1-3 years so moving is not absolutely necessary. We would have to move by February because moving with a newborn would be horrible so if we can get a steal on a home then great, if not then here's to our Little House Under the Oak Tree until late 2012.
I'll let you know how tomorrow goes and if anything comes of our house hunt!