Sunday, February 28, 2010

Money and a House


Yeah! Tomorrow is March, which means were that much closer to Spring! Wait, I thought it was Spring already? At least it sure feels like it anyway. Any-who.......

Ending the month of February we now have 20% of our financial goal; money for our down payment for a house. But wait, I have some other news too.

Last weekend we took a 5hr. new home buyer class, that was 5hr. Did I mention it was 5 hr.? Anyway, it was a LONG time. This specific class was necessary for us to qualify for some of the new home buyer programs that the FHA offers. Specifically the one that helps people with a down payment on their first home. Which completely negates the purpose of us saving up for a down payment but, extra money never hurts!

The next day after the class we started looking for some houses/ properties that would fit our criteria: under $200,000, 2+ acres, 2+ bedroom house. We came up with 6 listings all located a few miles away from each other in Graham. Apparently we are going to be living in Graham! : D One of the listings we COULD NOT find, four of them comprised of land surrounded entirely by water, and one seemed a suitable fit.

It was a 2 bedroom house on 7.93 flat acres, that had very little, to no water on the property, going for a cool $185,000. Curiously enough the house itself, not the property, was surrounded by a 5 ft. chain linked fence topped with barbwire and there were bars on the windows of the house. (Also later we found out there was a security system).

Now by no means is Graham considered the "Compton" of Pierce county (Tacoma is a better equivalent) so we couldn't figure out why there was all the security, except maybe that the previous owner was a bit paranoid.

Later that week when we met with our real estate agent, we again put our criteria into his computer to see what else might pop up. Literally the ONLY property that came up was the very "secure" house we had seen out in Graham.

So yesterday we walked the property and looked inside the house with our real estate agent and decided we would put in an offer. Now we are simply waiting to hear back from the owner to see if it's a go! Wish us luck..........

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