It’s finally happened guys! I found my home!
Ever since the “Smart Woman Blog” was born in January, 2015, one of my dreams and goals had been to buy my first house. I wrote a ton of stuff on my feelings about home ownership and my slow progress towards making this goal a reality since I created this blog. Here’s a quick recap:
My ‘First House’ Hunting Story
- We Almost Bought A House – December, 2015
- My Biggest Money Lessons in 2015 (including a revelation about home ownership) – January, 2016
- The Hunt For Our First House – April, 2016
- The Real Reasons Why We Have NOT Bought A House Yet – August, 2016
- Update on my Down Payment Goal – August, 2016
I have been on the roller-coaster about whether to jump into home ownership or try renting first and investing the rest of my cash; an added incentive was that rental markets are awesome here in Calgary right now.
I’ve also dabbled with putting off home ownership until my student loans are completely paid off – right now, I have $18,200 left on my $40,000 loan that I started chipping away at 2 years ago.
On top of my own hesitations about committing my finances to a single home for the next 25 years are the new knowledge I learned about the realities of buying a house. I’ve read tons of articles why buying is a smart idea if you can afford it in this economy and tons more highlighting the merits of renting and the downfalls of owning. If you were looking for a single correct answer, you would never find it.
If you look at the last two posts I wrote about home ownership – the reasons we haven’t bought yet and my down payment goal update – I came off pretty pessimistic. That’s because I was getting tired of looking at house after house, getting beat out at bidding wars and then getting frustrated at if I’m even making the right decision in buying a house (cue student loans and the sucky economy…).
I was ready to take a break and hustle at saving more money and paying down debt instead.
But the universe has a funny way of working… kind of how you find your partner when you aren’t looking sort of thing.
This cute little house showed up in our emails and it totally sounded too good to be true. I even questioned whether they had somehow put a typo in their asking price (that they actually meant $537,000 not $437,000) or that it must have been a grow-op. Man, I was skeptical to the max!
Long story short… within 3 days, we went to see the house, put down our max offer, crossed our fingers while waiting and won the bid for the house on September 27. 😀