I am freaking out about this house right now?

November 2nd, 2009 | by admin |

Ok so heres the story. about a month ago i found this house i absolutely love and when i went to get info on it and possibly put an offer on it i was told it went in to escrow and it was very rare for peoples loans to fall thru at that point and have the house open back up so my realestate agent basically told me that house was hopeless and keep moving. the house also went "inactive" on the website i found it on.
so kept looking for a house and nothing has compared.

but just a few minutes ago i was sent an email saying one of my saved home listings had been updated. i looked to see what home.. and there i was the house that was hopeless to get.
i researched it on another website and there it was….
im trying real hard not get my hopes up.

do you think the home is actually for sell again?
this seems to be a sign that this is supposed to be MY home

also me and my boyfriend make about 3000 dollars a month and dont have much debt do you think we can afford a 88 thousand dollar house? we both have pretty good credit scores also

i sure hope this isnt some sort of glich and my house is really gone.

There may have been family problems too so that the house couldn’t be sold until all the heirs agree. All I can tell you about buying a house, is that you don’t want to get too enthused so that you inspect it very very carefully and be sure it is worth the $. Have all the right inspections done and look for damage and check out the neighborhood. $3000 is not a lot of money when it comes to home ownership. They cost a lot and there are always repairs and some can be extremely expensive. Be sure you don’t get in the mess so many others are and buy something you really can’t afford. Anything can go wrong in your life like lose your job, have health problems, bad car wreck and then there is the weather problems like hail damage, tornadoes and hurricanes and all of that. Be sure you have enough $ to tide you over a pretty good time . . .like six months saved up and then a good savings account for when the house needs fixing, and then a tidy down payment. Without all of that, don’t buy a house. Nothing is worse in a relationship than to be short of money so that you have to constantly worry about how you are going to pay the bills and then you want to have enough to have some fun and you need to be saving on a regular basis. Plus you are moving in with no commitment from your bf. What happens if you break up? Protect yourself very carefully. . .always. . . .Good luck!

  1. 4 Responses to “I am freaking out about this house right now?”

  2. By my2sense 793 on Nov 2, 2009 | Reply

    You should be fine. Make sure you have the house inspected as a contract clause. Don’t forget to save money for utilites, insurance, security, cable, repairs, upgrades, taxes, landscaping, locksmithing, appliances, etc. Good luck to you and hope it works out..
    References :

  3. By nevyn55025 on Nov 2, 2009 | Reply

    Sounds like the loan fell and your clear to try for it. Your credit looks ok to me. Jump on before it goes away again!
    References :

  4. By slax25 on Nov 2, 2009 | Reply

    The house may be back on the market for bad reasons. It may not be worth $88,000 which means the bank wont give you a loan. After your offer gets accepted and the bank starts to process the loan they will send an appraiser to the property to value the home. There are alot of variables in this, not only the house itself but others around it. If a similar house in the areas sells for $60,000 it hurts all the properties around it

    An inspection is always done before a sale and the buyer states an amount they are willing to deal with in repairs. Usually $500-$1000 dollars this way if there are major problems with the home you can get out of the contract without losing any money.
    References :

  5. By towanda on Nov 2, 2009 | Reply

    There may have been family problems too so that the house couldn’t be sold until all the heirs agree. All I can tell you about buying a house, is that you don’t want to get too enthused so that you inspect it very very carefully and be sure it is worth the $. Have all the right inspections done and look for damage and check out the neighborhood. $3000 is not a lot of money when it comes to home ownership. They cost a lot and there are always repairs and some can be extremely expensive. Be sure you don’t get in the mess so many others are and buy something you really can’t afford. Anything can go wrong in your life like lose your job, have health problems, bad car wreck and then there is the weather problems like hail damage, tornadoes and hurricanes and all of that. Be sure you have enough $ to tide you over a pretty good time . . .like six months saved up and then a good savings account for when the house needs fixing, and then a tidy down payment. Without all of that, don’t buy a house. Nothing is worse in a relationship than to be short of money so that you have to constantly worry about how you are going to pay the bills and then you want to have enough to have some fun and you need to be saving on a regular basis. Plus you are moving in with no commitment from your bf. What happens if you break up? Protect yourself very carefully. . .always. . . .Good luck!
    References :

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