I owe y’all a little update. As you may know, Craig and I are trying to get out of our tiny condo and into a home with more space and a yard for him to get back to gardening, one of his passions. We’re looking for something that needs updating so we can get our hands dirty with some DIY. Right now the market isn’t spectacular and therefore the inventory sucks. This means that what we’re finding really isn’t what we’re interested. In addition, our financing isn’t what we would like.
Where does this leave us? Well, as you may remember, I went through a short sale on my condo a few years ago when the market tanked. It was, and still is actually, worth a third of what I bought it for and I knew that there was no way I would ever come out from under it so I took advantage of the governmental forgiveness and went through with a short-sale. The good news is that my credit is already well on it’s way to a full recovery. The bad news is that I’m still around 8 months out before I’m in the buyers zone once again.
So, it looks like we’re going to have to stick with where we are for now. I’m hoping that this fall the market will be a bit better which means there will be more inventory and therefore a better selection of homes we can afford. Until then we’re still paying down our debt and saving for our down-payment on our future home. I wish there were more ways to DIY our current living situation but there’s not a whole lot we can do right now.
Please continue to keep us in your prayers as we sort all this out. Especially since we’re going stir-crazy in our tiny condo. We need the peace to make it another 8-12 months. I know that in the long-run this is what is best for us but when you’re in the thick of it all it can feel overwhelming. I am a little excited about having another summer right on 1st street though. It’s kinda nice to be right in the middle of the action. I’ll be sure to keep y’all posted with any updates.
Just for fun I’m leaving you with a few pictures of what 175k will buy you in my neck of the woods. I have to remember when we’re out searching that we’re paying for location but I tell ya it’s a disaster zone, folks. Lots of properties that were used as rentals, practically destroyed, and then on the market as-is. Sad part is that someone will pay close to the asking price. Please notice the unfinished bathroom, out-dated kitchen, and rooms with no trim, doors, or baseboards. Needless to say we will definitely have a fixer-upper on our hands when we do make a purchase. To be honest, I’m rather excited about the possibility to make it a reflection of ourselves. I’m just not super excited about the price tag.