House Hunting: $42,701.83 Paid, $42,606.24 Till Pay Off

Hard At Work & Daydreaming

The past four months have been packed with stress. However, I am thankful the stress is due to new and exciting developments: new jobs, our daughter starting preschool, and house hunting. So far our jobs are going well, and our baby girl likes her school. House hunting on the other hand, has been less enjoyable.

The housing market is booming in the areas we are looking. It’s an incredible feeling to be able to afford a mortgage. I get excited thinking about my daughter playing in the backyard and hosting cookouts.

Reality Hits…

Then I realize not considering a means to an end got me into debt in the first place. Although home ownership is ideal, delaying it will improve my family’s financial situation. In addition, to be honest, we grew frustrated with the overall process.

While actively placing offers, our realtor went on a Caribbean cruise lol. That’s all I’m going to say about that. So we’ve decided to continue apartment living a little longer. Moving from one apartment to another sucks. On the bright side, we are enjoying the new neighborhood’s amenities, and check out the repayment update below.

A Change in Plans

Since we aren’t buying a house right now, I’m tempted to apply the house down payment toward student loans. I would love to reach my goal of zero balance sooner, but the money could be of better use elsewhere.  Besides, having money saved for a rainy day is usually a good idea.

Lessons Relearned

Looking to buy a house is an emotional rollercoaster. I’ve experienced the highs of coming within a nose hair of closing, and the lows of sellers rescinding late in negotiations.  Through the process I’ve reinforced:

  1. Happiness doesn’t last forever, because it depends on what happens.
  2. Hope for the best, but prepare for the worst.
  3. Whatever happens, accept your lot graciously.

Questions for You

How long did it take to close on your first house? What was your realtor experience like?  Any helpful insights will go a long way.

Until next time, continue the fight until no debt is owed but love.

 

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