Some of you might have missed my Facebook post on Wednesday – but Barry and I closed on a house! Below, we’ve given you a video tour but I’ll give you some details up here in case video isn’t your thang. We wanted to show you inside…and then again when we finish (which will likely be over a year), we’ll do an “after” video.
We were able to finally purchase a house – a foreclosure from Wells Fargo bank. The house was a reverse mortgage and ownership had been granted back to the bank after the man passed away. The house has been vacant for two years as the bank went through all the legal processes.
When we first saw this house, we loved it. The neighborhood is great – very well established, quiet, close to the interstate, but still in the country…and everyone knows EVERYONE on the street. The bank was asking $115,000 which was out of our budget. Still, we went to see it.
We thought it would be silly NOT to put in an offer on it, so we did. But to be honest, we didn’t think Wells Fargo would accept our offer of $93,500. A previous offer of $114,000 had been turned down. Still, we made the offer.
At church one Sunday night, my dad asked the pastor to pray that the bank would show us favor on our offer…and the pastor did. He specifically asked that God would show us favor in three days. On the third day, we got the call from a realtor – Wells Fargo accepted our offer. There is NO DOUBT that we’re in the house that God wants us to be in.
We purchased the house with 100% cash. We’re debt free homeowners! I have plans to write more on that later.
The house needs a good bit of work – plumbing, electrical work, elbow grease, etc. So, we’re working a little bit at a time. Since we’ll be paying cash for repairs, we’ll be making them as we go along…but now it’s our goal to be in the house by June 18th. As we live there, I imagine there will always be a work in progress…but that’s how we roll.
Welcome to our home! Come on in!
*This post is linked at Frugal Tuesday Tip on Learning The Frugal Life, at Frugal Days Sustainable Ways at Frugally Sustainable, at Simple Lives Thursday on GNOWFGLINS, at Proverbs 31 Thursday on Raising Mighty Arrows, at Frugal Friday on Life as Mom, at Finer Things Friday on Amy’s Finer Things, and at Works For Me Wednesday on We Are That Family.