Buying a House

With the new 8000.00 tax credit (or whatever its called) when the opportunity came up for us to buy our friends house we thought that we should look into it and see what we could do right now, we were planning on making "the big purchase" in May of 2010, but since this offer kinda just fell on us we thought that we would take it....
(note, all numbers are fictional)
The seller only has $168,000 left to pay of the house,
but she is wanting to sell for $210,000
a $42,000 profit
the buyers (that's us) only qualified for $190,000
so the seller would make $22,000 (that's only if the house appraises for 190,000)
but we are asking that she pay the down payment for us and we will pay all the closing costs so then she will make 3% less then the $22,000
the sellers are going to crunch the numbers and if it works out for them then we are going to be moving soon, however, if it doesn't then we are going to be staying where we are, paying down our debt doing exactly what we said that we were going to do until 5/2010. We are trying to stay positive and
keep with the saying
"if it was meant to be it will be"
but its much easier said then done, we already have been looking at paint and carpet samples...
Keep your fingers crossed (and crossign your toes wouldnt hurt either)
I will keep you updated!


Anonymous Anonymous said...

How exciting! I will be crossing my fingers for you.

I'm actually coming down to Salt Lake next week and thought I'd check out that Sunflower Market that you're always talking about. I thought that since I'd be in the area it would be worth it to stop by and pick up some cheap produce. :D I'm excited. My SIL shops at the one in Orem and is always talking about how wonderful it is.

March 4, 2009 at 10:53 AM

Blogger Mrs Marcos said...

Oh, best of luck to you (and your family)! You'll have such fun decorating and being "settled" into your permanent fun! Keep us posted :)

March 4, 2009 at 6:10 PM

Blogger Mrs Marcos said...

Uh "permanent fun" should have been "permanent home." Although permanent fun has a nice ring to it...maybe a musical group or something? Never mind. :/

March 5, 2009 at 5:31 PM


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