I am one step closer to buying my first home

A little over a week ago, the house was appraised for the bank. Today my loan officer informed me that the house appraised at the sale price. I have also satisfied the underwriter’s conditions. My role now is to shop around for Hazard insurance. Which means that we are about two to three weeks away from closing. I am one step closer to buying a home. And it’s a pretty exciting yet overwhelming feeling at the same time. I am happy. This has been a goal of mine for so long that along the way there were many times that I doubted that it would come to fruition. But I am scarred as all hell. The amount of responsibility terrifies me. I truly feel that now I am a grown up.

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Switching Mortgage Lenders

I think that in my last post, I prematurely wrote about taking a break from the property search. Yes, this has been a stressful time. While the feeling was genuine, it isn't a true reflection of where I am in the process. I have been in this property search for sometime now and at this stage, I'm almost desperate to get to closing. I'm tired of attending open houses. I'm tired of putting my search criteria in Streeteasy and Trulia and somehow hoping that the results will be different. Though I was reluctant to search for yet another mortgage lender, I had to do just that. It had all happened out of my curiosity and frustration that I walked into a bank and asked to speak to a loan officer. It was free and didn't require a commitment. I told the loan officer about my concerns and the trials of the last several months. Then I asked about the cooperative that I made the offer on. And to my surprise he knew it well. He had just close on an apartment in that buildin

I'm Still Here

When I started this blog a year ago, I was in contract on a two bedroom cooperative in Brooklyn, NY. I was very enthusiastic about getting the property and I started planning my design strategies. A year later after being denied by the coop board for the property, I have taken a bit of a break from my home search. I will still update the blog from time to time. However, I am less enthusiastic about the property search and haven't really seen a coop that grabs my attention like that first apartment did. There are certain things that I do not want to compromise on such as location, price and bedroom space. I haven't become a homeowner just yet but I haven't lost all hope of that happening. It just may take a longer time and I'm ok with that.

Another Setback

As if I needed any more convincing that there is an entity or higher being that doesn't want me to purchase my first apartment. Last week while at work, I got two missed calls from my real estate agent, each a minute apart. On the second call she left a voice-mail message asking me to get in touch. I didn't immediately think that there were any concerns as the day prior we were talking about me signing the contract and completing my coop board application. I was super excited about the process now and my previous anxiety were beginning to fade away. I called the real estate agent back but I was not at all prepared for what she had to say. “Are you at work?” she asked. “Yes”, I responded. “I wanted to talk to you when you're home,” “What's going on?” I asked finally coming to the realization that all was not well. “I don't think you're going to be able to move forward on the property.” “What? Why?” “Well, the Sellers’s attorney informed me th

First Home Style

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