Sunday, March 16, 2008

Wow!

Do you remember when you were a kid and you had that sinking feeling in your stomach on Sunday (before you had to go back to school on Monday)? You know, that feeling where you felt like NOTHING could be worse than that moment? I had many of those feelings in college - namely, before I took the GRE, CSET, CBEST, RICA, and many of my college finals. I thought those moments would pass when school was long behind me!

As we enter into the world of buying our first house, I am faced with those feelings. I feel like nothing could be worse than how I feel in this moment, right now, today. I know in a few months it will pass, and I'll be looking back thinking how could I have been THAT stressed?! But, I genuinely have not felt this amount of fear and stress all wrapped up in one. People have said that it's stressful - arguably one of the most stressful things you could experience - but it wasn't until I experienced it that I recognized how overwhelming it is. If I didn't care about our realtor and how much time she's invested, I'd call it all off! I'd walk away with Mr. Howard and say that we don't need this in our life right now - that it'd be better to wait a few years. But now, we're committed and stuck. The thought of having to pay $700 more each month (regardless of how much we've planned and prepared) is starting to sink in and I just worry - what if WE become one of those signs you see littering every street: "Foreclosed - Bank Owned Home."

Please tell me there is someone out there in this world who knows what I'm going thru?!? Is it supposed to be THIS stressful?

3 comments:

Amee Howard said... Best Blogger Tips[Reply to comment]Best Blogger Templates

Hey Luke and Jackie,
Yes, it is this stressful!! On the bright side, it is worth it! You just need to stop and take a deep breath. All of the paperwork, expenses, inspections, etc. are worth it. When you are going through the process of buying a home, especially your first, it is much the same as riding a giant roller coaster. You will touch on every emotion you have ever known and discover a few that you never knew existed. Stay strong and don't turn ON each other in your moments of doubt, rather turn TO each other. Owning your own home says a grat deal about you both as people and as a couple. You will be able to build, decorate and create your very own space in the world and this is the space where memories will be made and your life will grow. It is fun!! And you Own it!! You are paying your mortgage, not someone else's and you are gaining the equity! It is a wise investment even during uncertain financial times! This is the perfect time to buy a house and your two are smart enough to jump in. Try not to worry about the added expense, think of the expenses as deposits into a killer savings account. Hang in there. On the day of closing, after you sign yet another mountain of paperwork, you will feel elated, relieved and excited. Congratulations!! We are so Proud of both of you!!
Love,
Amee & Tim

LittleDreamer said... Best Blogger Tips[Reply to comment]Best Blogger Templates

Aw, Jackie. Deep breath. Everything is going to work out just fine. This is the next logical step in your lives together, and it really is a good thing. But, knowing our personalities, it can be difficult to not be completely overwhelmed. Just take it one step at a time. I wish I was there to support you in person. We could have packing parties!

Kirsten Snyder said... Best Blogger Tips[Reply to comment]Best Blogger Templates

It is SOO typical, and your Realtor probably warned you that you would be feeling this! Buyer's Remorse!

http://homebuying.about.com/cs/howtobuy/a/buyer_remorse.htm

Afterall, this is probably the biggest purchase of your life, the biggest stack in your portfolio, the biggest fish on your hook, etc.
It IS a big deal. But, at the same time, 10 years from now, you could be in your 5th house (Or from my persepective, your 8th home purchase in 6 years) and this will seem like nothing!!
The first one is the worst though. But, there is much prayer needed. There is definately Buyer's remorse, and then there is women's intuition. So, if you can ask yourself a few questions about the home, like the website says, and you are fine, then proceed to go and collect your, or should I say, pay your $200. But, after much prayer, and query, you still have that nagging feeling in the back of your head, then there might be something more to it. Make sure you do all of your inspections, check out the area with a fine tooth comb (call city about vacant lots nearby, check with local police about area, check crime rates, sex offenders in neighborhood, water issues, etc. etc.) and you will be good.
My friends say I buy houses like someone else would buy purses, so it does get easier, and that first coat of "Luke and Jackie's Jamaican Ocean Blue" Paint *color may not be actually available in stores* that you throw up on the wall, will feel SOOOOO good! :)

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