Monday, August 20, 2007

How the World can Change in a Short Time

On Friday morning I looked through as I sometimes do and sent BabyCakes some links for houses in our area (some were just for the giggle factor).

We had been planning to leave things as they are until after we were married, staying put here for another couple of years. It seems though, the nesting drive induces us to look for a house sooner than that. We've even talked to our Credit Union Manager, and he didn't laugh at our aspirations either - which is a great start!

We looked at a lot of open for inspections on Saturday morning. The market is booming, despite all the promised doom and gloom. Real estate agents are having trouble maintaining a "stock" of property, and they have given us very promising guide prices on what we could possibly expect if we sold the flat - to the point that I fully expect to have a couple of agents through to give us a firmer guide on what to expect, and if we could expect a bit more if we did some work.

We can't afford to keep the flat and buy the type/size house in the area we want, so selling the flat would have to happen before we could be in a position to make offers on houses. Houses don't tend to stay on the market much more than a week, if not a weekend before they have offers. Which makes the process feel a lot like a lottery... jump in, sell your home and hope that there will be one you want when you do... I guess we should also be prepared that we might have to have an interim home for a while, or with any luck, get a longer settlement on the flat, and a shorter settlement on a house, in that window where the Credit Union has an idea everything is all spoken for.

All up, it is a scary process, but so very exciting too.

The simple fact that it is possible to afford a house makes it much more alluring to look for one. The fact that it seems like a very impulsive market makes it scary.

It is feeling like gathering all the information we can now will make us more powerful as we start this process.


Wish us luck!

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