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We open ESCROW tomorrow!!

bowtie_pasta

By bowtie_pasta
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bowtie_pasta Enthusiast

bowtie_pasta

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We finally are getting ready to buy our first home!  We are really happy.    Wife and I have been renting a home for a long time.  :uhoh:

 

Escrow starts tomorrow and we are looking at closing quick!  Wish us luck.

 

Can't wait to adorn my new shop with some cool Chevy stuff!  :cheers:

 

later

Shaners Senior Enthusiast

Shaners

Posted
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Congrats!!!  Those stacks of rent reciepts really stink...

 

I just refinanced my house and cut my payments by $30/month, but most importantly knocked over 5 years off my mortgage!!!

99silveradoz71 Senior Enthusiast

99silveradoz71

Posted
Posted
Well sometime I'll have the student loan and truck payed to a reasonable amount to allow me to afford more than a shack, but for now, "Mom, is dinner ready yet?"
BlueRado Enthusiast

BlueRado

Posted
Posted

Congrats, man!!  :thumb:  :thumb:

 

I love owning my place - just nice to feel like this is yours, and that you're making equity, but here's to hoping it's not a money pit for you!  :cheers:

bowtie_pasta Enthusiast

bowtie_pasta

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Nope, it's really slick!  New paint (interior/exterior), new carpet, new roof, new tile.  This place is in turnkey condition.  It had just fell out of escrow and we happened to come across it at just the right time.  You can tell the previous owner took a lot of pride in his home.

 

We are just so stoked because it's so hard to find an affordable home in Southern California.  We are definitely going to be parting with some coin, but at least it will be OURS!    :thumb:

BlueRado Enthusiast

BlueRado

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Posted

Outstanding!  And you know even though the payment may be painful now, in about 10 years, or less, depending on the housing market, you won't believe how much the property has appreciated!!

 

On average, our property values go up ~ 10% per year, since 1984, and we have a cap on property tax increases to 4% per year - so you can't lose as long as property values keep rising (and you don't sell and buy new - then they catch the tax rate up) .

bowtie_pasta Enthusiast

bowtie_pasta

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That's just the thing.  Home prices are soaring out here.  So we are confident that a few years down the road if we wanted to sell we could get quite a return on our investment!  :cheers:
  • 3 weeks later...
Batgirl Enthusiast

Batgirl

Posted
Posted
Way to go! Good luck in the new home. Moving is veryh stressful especially after going through all the trouble of escrow . Keep your head and dont yell at the little lady to much.
bowtie_pasta Enthusiast

bowtie_pasta

Posted
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Way to go! Good luck in the new home. Moving is veryh stressful especially after going through all the trouble of escrow . Keep your head and dont yell at the little lady to much.

Thanks for the words of encouragement Batgirl, you hit the nail on the head!   :thumb:

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