Monday, November 16, 2009

Hi ho...hi ho... condo shopping I will go....

I'm nervous as hell, but I'm doing it.  I'm taking the step from browsing on the internet to actually getting an agent and making appointments to go look at some condos!

What am I doing?  I'm not too sure myself other than getting tired of renting.  I have been saving and thinking that "someday" I will use that money for a down payment on a house for me and my family. Hmmm. No family, why wait? Why not buy something for me?

Three years ago when I'd be out walking I'd pull fliers and see how ridonkulous prices for "apartments" in my neighborhood are.  Frustrated that I couldn't even afford to buy a small condo in the neighborhood where I'm currently renting.  Guess what, prices are falling and I'm no longer priced out of my own hood.

I haven't even gone to my first appointment (it's tomororw) and I'm already thinking about buyers remorse and what might happen as soon as I plunk down what feels to me like a fortune on a down payment and closing costs.  Scared to death is about how I've felt over the last two weeks that this has been brewing.

Frustrations

1. I KNOW I CAN BUY A NEW CONSTRUCTION HOME IN SOME PARTS OF THE COUNTRY FOR WHAT I'LL BE PAYING FOR A 2 BEDROOM CONDO.  I've been there, I've been house shopping, I know it to be true.  However, I don't want to live in Augusta GA so I'll suck it up and buy where I'm perfectly happy.

2. After HOA dues and property taxes I'm looking about $20k less than I had thought I'd be able to afford.

3. Two of my top picks I had to drop like hot potatoes becuase my agent found out that there were pending lawsuits and other messy stuff that I won't even think about getting involved in.

4. The reality of living on a budget and not dipping into savings when I want to run away to Hawaii or where ever sucks.

All for now. We'll see if something "perfect" comes up for me or not.

3 comments:

Amanda said...

My hubby and I bought our first house in August. I thought I'd never get to buy one at the rate we're going, but it ended up with the raise in our rent to be only a couple hundred more than what we were paying. It was well worth it for a bigger place! Point is, the right one might just appear out of the clear blue sky like ours did! Good luck!

Crazy Shenanigans said...

That's great!! I hope you find something perfect for you!

SS said...

Ah...Amanda... no offence regarding Augusta! I just don't have a reason to be moving there anymore. :-) I almost wish I didn't know what the houses and prices were like there, makes it more frustrating.