I have been sucked into the vortex/black hole that is real estate shopping. Oh. My. God. Neighborhoods, resale value, school districts, fixed loans, variable rate loans, mortgage insurance, home inspections.....
What have I learned so far?
1. I can have either location or the right price, but not both. If it does have both, it's ugly.
2. I have really good credit. (Woo Hoo!)
3. I wish I had $20k for a down payment.
4. PMI is not good to have. But I'm not really seeing how I will get out of having it. Assuming I am understanding it correctly.
5. I know what an ARM loan is. I think I want one.
6. I know how to check and see when the house was built.
7. I know it's good to have a roof vent, especially where I live.
8. All the cute homes are already taken.
9. Certain types of siding are good....others, not so good.
10. I do not want to fool with removing hideous wallpaper.
11. A surprising number of couples have purple bedrooms.
12. Lots of houses have large sheds in the backyard. It is more than you would need for lawn mower storage. I have no idea what I would do with a shed like this. Take up gardening?
13. In this town, you can be on one street and think you are in a really nice neighborhood, but when you go one block over, it is skeeeeeetch-y.
14. More people should have re-done their houses a long time ago. If your house was built in 1960, and you still have the wood paneling and original avocado-colored countertops, folks, it's time.
15. The house I want is about $15k more than I want to spend. It looks like this:
See how cute?? And new = few repairs. (I am thinking about only looking at new-ish homes just for this reason alone.) I am going to talk to the development's real estate agent today about these little patio homes here. Maybe we can work something out. Wish me luck!