Saturday, September 22, 2007

It is time to buy a home...Or is it?

So, the time has come for us to truly be adult and buy our first home. We've been lucky the last two years, as we've rented a beautiful three bedroom home in West Sacramento with a nice yard (for the dogs to play in and Mr. Howard to mow) and a garage for me (Mr. Howard's car is too tall to fit in the garage, so I get the whole thing to myself). But, we live in constant wonder. Will the owner of our home try to sell? Will our rent suddenly sky-rocket (doubtfull in this market now...but some day)? Will we ever be able to fix the front garden? How much longer do we have to look at the ugly brick on our fireplace, without painting it? And most importantly, are we, in the near future, going to have to pack up the house and move with a newborn?

As we got more and more serious about braving the "home buying world," it became necessary for us to see a mortgage loan specialist to get pre-approved for a loan. There's no sense in us looking at homes if we can't qualify for a mortgage or, worse, can't pay the loan. The last thing I want right now is to foreclose on a home (like so many homes in California). So, we began the process of getting pre-approved for a loan with Bank of America (and coincidentally are working with a woman who may be distantly related to us: Cathie Howard).

Let me tell you how shocked we are! How do people afford homes? Alright, I guess I should re-phrase....I know how SOME people buy homes. I wonder how young, first-time home buyers (on part teacher-salary) buy a home! Even with the market being what it is, it is STILL so expensive to buy a home in California. I see why Mr. Howard's parents moved from California. I'm sure that we will be able to get into something and I'm even more positive that the second time we buy a home, it will be A LOT easier (we'll have some more money to work with). But I just didn't expect what we found. Even alright looking, forclosed homes right now, in a nice part of town, are going for 325,000 (and that's considered cheap).

Below I've posted some pictures of the home we live in now...ahh how I wish we could pick this home up and move it to Roseville and live there forever.

Our Backyard (and pups) On A Super Cloudy Day
Here's the Fireplace I don't love (but the husband I do)...

Our Living Room and Dining Room


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