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Showing posts from 2018

I found a home

After 5 years and countless open houses, I found a home that I want to purchase.Things have been moving pretty fast since that initial viewing a little over a week ago. I made an offer. The seller countered my offer. I accepted the counter. In fact, I agreed to all the seller’s terms and conditions and did not even negotiate the closing cost.All that was left to do is to sign documents. In the meantime, I was decorating the home in my mind. I had picked out paint colors, stained the floors and had even updated the old fashioned bathroom sink and cabinet. It seems that it would all go to plan and by the end of August, I imagined myself accepting the keys to my dream home. My mother was excited. She imagined coming to visit and having afternoon tea. I found a housing inspector and we awaited the seller’s availability for us to inspect the home.
But then today, I received an text from my realtor stating that the seller wants to “place things on hold”.What does that mean? His he referri…

Making an Offer at First Sight

On Sunday I went to two open houses in one of my ideal neighborhoods (the uncool parts of Brooklyn that are not Cobble Hill, Williamsburg or Bushwick). Both homes were clearly out of my price range but I was curious to see what I could get in a higher price point. Sadly, I realized that even with a larger price bracket, I wouldn’t get a larger, more updated house. Even at my price point, I can only afford an attached fixer upper in this part of Brooklyn.If I’m extremely lucky I would get three decent sized bedrooms.

I liked house # 1, still, I couldn’t imagine making an offer on this property. It had a lot of pluses. It was a two unit property known more commonly as a Mother/ Daughter. The top floor or first unit had two bedrooms, with a kitchen, dining area, living room and bathroom. The second floor had one bedroom, living room, kitchen and bathroom. Each unit had its own entrance. There was even a patio and garage in the back. I liked the layout of the house. I liked the idea of …

House Vs Coop

Initially when I started my home search I was looking for a two-bedroom coop apartment in Brooklyn.  However, for the last few weeks I’ve been looking at houses.  I had no desire to own a house before. I always thought that house ownership would be too much work to maintain and that I was not mentally or physically prepared to deal with all of the responsibilities of house ownership.  Even now, typing this, I’m feeling rather overwhelmed by the idea of shoveling snow.  But I can’t deny that there are a ton of perks of having a house that are simply not available with a coop. For one, there isn’t a coop board to snoop around my finances, ask about my further plans for the property and hurl intrusive questions at me about why I had student loan debt.
I guess my shift in thinking began late last year as I started attending more open houses.  I fell in like with the idea of having more space and possible having a tenant to assist me with paying my mortgage each month. I realized that in…