Sunday, November 20, 2011

House Hunters

The time has come - we are ready to buy a house!

We've been perusing online for about 6 months to see what's out there. We've watched hundreds (literally) of episodes of "House Hunters," taking mental notes about what to look for, what gives a house value, and what our priorities are. In August, we started driving to a different area every weekend to get a feel for where we might like to lay down roots. In September, we started going out with our realtor (Tanya's Uncle) to look at houses.

The Good: it's a great time to buy, interest rates are rock bottom (supposedly even lower than during the great depression), and there are a ton of houses out there for a really good deal.

The Bad: because it's a great time to buy, it's so competitive! It seems like every house we are interested in already has multiple offers on it. Almost everything out there is a short sale, and many of them are not in great condition. Short-sale sellers aren't as motivated as they would be if it were a regular sale, and it can take a REALLY long time to go through.

Our Wish List: a master suite with large bathroom, lots of windows, a nice yard, a feeling of space (not being too cramped around neighbors), views, wood floors (these are hard to come by), 2 stories, room to put a dance studio in the basement, a gas fireplace, a porch, room to grow. We may not get all of these things, but there are some things we won't compromise on.

We have narrowed our search a lot and now know that we really like the Suncrest area of Draper (up on the mountain), Herriman, and Riverton. The first house we put an offer on was in Suncrest. It was a modest home with amazing mountain and valley views, but needed a lot of work. We were immediately outbid. We put an offer on a 2nd home in Suncrest, and it is at the bank right now. We also put an offer on an amazing home in Herriman this week, but we don't think we will get it. It's pretty much our dream home but it had at least 7 offers on it when we put one in!

We could be homeowners in a month, or it may take another 6. Whatever happens is meant to be. In the meantime, it's pretty much a big, crazy game of gambling and waiting!

No pictures yet - it's too soon - but we'll update if anything happens. Wish us luck!

1 comment:

A. Verzello said...

It's too bad the house in Draper with the great views didn't go through. I would pick a good view over almost anything other feature. Jared and I had never had a TV before we lived in the grass shack, and we immediately became addicted to HGTV! House Hunters, Property Brothers, Design to Sell...oh how I miss those shows.