I am only a few days from closing on the sale of my house. The process has been really smooth and so far (knock on wood) everything is on track to happen on time. I will breathe a big sigh of relief when the check is in my hand and I can deposit it in the bank.
With the profit, I will be able to be completely debt free. I will feel a million pounds lighter.
Charles wants to get on this bandwagon too, so we've been talking about selling his home and looking for a new place of our own together. As much as I love the land that his home is on, I can't help but be excited about this too.
The first step is putting the house in our names. Yes, I said our names. The title is currently in his mother's name and with some events that took place in his family's lives lately, he feels its important to officially take his mom's name off the title. So we will buy the home for the remainder of what is owed on the mortgage, which is substantially less than what the house is worth.
Then we need to get a Realtor to check out the home to get a sense of what the market value would be. This is going to allow us to figure out what the price range for our new house will be.
Last night we were checking out homes online to see what's available in certain areas. We were getting so excited that we decided to drive out to one of them to check out the neighborhood. We learned quickly that neighborhoods and subdivisions change significantly from one block to the next. And a pretty home isn't all that pretty in the long run when you have a crappy trailer park around the corner.
So the search is on, for a Realtor, for an area to focus on, for a price range. We know what we want: 4 bedrooms, 3 baths, large open kitchen, less than 10 years old, 1 acre of land, preferably a porch. The home is out there. We just need to find it.