Posts tagged ‘house tour’

April 22, 2011

So You Want a Tour, Eh?

by brandt

This week has been one exhausting week.  I mentioned previously how I made a huge mistake by going cheap and NOT renting a U-Haul.  I also made the mistake of not being on my “A” game and getting the power turned on, which put us way behind the 8-ball as far as moving into our house was concerned.  Well, we’ve been living in 2 worlds this past week.  Like a super-spy, a la Arnold Schwarzenegger in “True Lies.”  Or Hannah Montana.  Anyways, we’ve had half of our stuff in our house, half in our apartment, and this past week literally every single night we’ve been moving stuff.  We usually get home from work between 5:00 and 5:30, and haven’t collapsed into bed exhausted until 11:30-12:00 at night.  We both work, so we’re up at about 6:00 AM, so it’s been a long week.

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January 6, 2011

House #10 – Lake Orion

by brandt

We viewed this house last year.  Yes, I know “last year” is only 6 days old, and it’s weird to say that about something that happened a week ago, but it’s true.  I was working from home during the break, and after juggling schedules with the owners of the house, my agent, and our schedule, we finally got a chance to tour the house.

This one was a long shot.  I was scouring through the listings (after getting an updated pre-approval for a much higher amount), and this one was on my radar.  I knew the subdivision, had friends in high school who lived there, it met our location requirements, but it was priced high.  I got in touch with my agent, and figured it couldn’t hurt to take a look.

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December 31, 2010

House #9 – Rochester

by brandt

After we went and toured House #8 – Lake Orion, our agent asked if we had enough time to go see another couple of houses.  Not wanting to miss a chance to view more houses and take advantage of every house out there, we went about 20 minutes away to Rochester to view a house that had been on my “interested” radar, even though I had some reservations on the house.

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December 7, 2010

House #7 – Rochester Part 2

by brandt

Part 1 is here.

OK, so I said it was a Homepath house, right?  And you remember what it meant to be a Homepath house, right?

You forgot?

Oh dear…

OK, a Homepath house is a house that is foreclosed on and the Government (most notably, Fannie Mae) is selling the house with loads of incentives to get someone into it.

First, they offer lower down payment and lower sale prices than other homes.  Conventional loans typically want 20% down, FHA loans require 3.5% down, but Homepath homes usually are OK with as low as 3% down.  Less cash to put down on a house, more cash in pocket.  Second, they are great for people who have less-than-great credit (which isn’t an issue for us).  Third, NO PRIVATE MORTGAGE INSURANCE!  Talk to any homeowner who has to pay PMI, and it is one of the worst parts about home ownership.  Fourth, no appraisal fees (which can be upwards of $300-$500)…again, more cash in pocket.  Fifth, because of the real estate economy, they’re also willing to chip in 3.5% towards closing costs – which is what we’ve been asking every time we’ve made an offer on a house.

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November 1, 2010

House #5 – Lake Orion

by brandt

We were back on the house hunting trail again this last weekend. Last Friday, on a whim, I decided to browse through Realtor.com again to see what was out there, and if anything had changed from the listings that went out earlier that morning. To my surprise, a foreclosure had just dropped $18,000 to put it JUST outside our price range. I’d had conversations with my agent about what to do about houses that were outside of the price range, and she said it’s worth investigation because if it’s been on the market for a while, they might be willing to go even lower. Needless to say, we were very surprised.

Another big plus concerned the type of house – it was another Homepath house, which, as you will remember from the last one we looked at, has a lot of incentives as far as federal government loan programs go (most notably, no mortgage insurance). Once I get with a Homepath-authorized loan officer, I’ll post some updates with better information on the loans.

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