[quote=walterwhite]I’m not basing renting and I know this is irrational, but this place is making me feel slightly higher class. Dumb since I’m much poorer but it’s like some weird estate with grounds. I cannot actually believe I can afford this.[/quote]
scaredy, I don’t believe its always necessary to purchase a primary residence that will be rent-neutral or rent-positive. Some properties are not the type that would attract the “rental set.” Your new property sounds like your “dream home,” for a long time to come. If you should ever have to sell it, you will be okay, because it will be a “traditional sale” which will have all the necessary maintenance, repairs and permits to show/disclose to potential buyers. You bought it in distress, with a lot of “deferred maintenance.” Since you were “thinking outside the box” when you ventured “off the beaten `tract'” and placed an offer on this property, you were the unusual buyer who had the desire AND was in a position to purchase an “estate property” for fifty cents on the dollar. You took the chance of a lifetime to obtain a property you wouldn’t otherwise have been able to acquire, because these unprecedented market conditions were such that you could. Even though you were intermittently “nervous” over seeming insurmountable problems of this property that came to light during escrow (and rightly so), you pressed on and got professional inspections/opinions. Many Piggs could learn from your experience in this regard.
From your posts, I knew what you REALLY wanted was the kind of property you ended up buying but I was in the wrong county looking for it … lol!
You have to be willing to step outside the normal tract development and consider a property a little off the beaten path, perhaps on a long dirt or gravel driveway or road, that might need some work, in order to land a deal like this. Something that the average Joe (or Pigg) doesn’t want to deal with. You are very fortunate (and smart) to be able to acquire this gem and I am so happy for you and your family, scaredy. I know you all will be very happy in it for years to come! Congratulations, again!!
I am familiar with the “exhilarated” feelings you have now, like you want to touch everything and walk everywhere to make sure its all “real” and “yours.” Keep walkin,’ scaredy, and “survey” all four corners of it. You’ve got plenty of time :=]
