Alright, this post is not about the real housing crisis, just ours.
Nope, no problems with the mortgage. Amply qualified, not over-buying either. The problem is with the market. When we moved back south from Michigan, we planned to buy a small ranch 5-10 acres with a modest house, up to 35 minutes from work.
There’s the rub. What is available was overpriced, run down, or the land not useful. BUT, we finally found something promising in Vidor. It was built by George Jones for his mother. And would have been lovely. But, the owners were not completely forthcoming with their disclosure. At the last minute they remembered a major problem, but, none of the details. Scratch that.
I canceled the deal just before we evacuated for Hurricane Ike. The following Tuesday, my boss called me back to work. I got up at 3AM to drive into Beaumont so I could pass through my rent house on the way to Orange. Open the door and electricity is on. No problems in the foyer. Great! Until I get to the living room. The ceiling and insulation are on the floor. The chimney top is in the back yard. I’m still walking around a rain pail in the living room.
Then we decided to look exclusively in Louisiana. Found one – 12 acres, smallish house, but 4 stocked ponds. Sign us up. All was going well until the title search started dragging out. The owner had a list of problems as long as my arm that prevented the sale.
But, we are finally onto a great house. Just under 5 acres, a nice sized home, a barn, and an air conditioned shop just minutes from my dad in Sulphur. The sellers are going to build next door. And as we got to know each other better, the husband has been friends with my wife’s family for decades. Should close in a few weeks – oh please oh please oh please.