So I know I haven't spoken much about anything except house hunting.
But guess what? There's more where that came from. As some of you may know, Crazy and I visited a town home that we like and has the extra space our little family needs. We have outgrown our 2 bedroom apartment and its apparent to see, as much as I hate to admit it to myself. My love for furniture has once again pushed us over the edge and we need a bigger space.
So picture this, 2 bedroom + den + 3 full bathrooms. How does that sound? Its in a new development and a REO. So far there is only 2 bidders, us and another couple. The dealio about this REO is that the lender is requiring that all bidders who want to submit offers be preapproved by their lender for a nice low fee of $500 or provide them with a case number for a fully written loan before they will accept any offers. So we spoke to another lender and he is able to preapprove us and offer us a better deal than our current lender, and guess what? We're taking him up on that. Meanwhile, I noticed that the property went down 15k in price in the span of a few days. So, I hope we can swoop in and offer this to them tomorrow and have them accept it.
Now on to the good parts. The place is about 1,300 sq ft, 2 car garage, everything is brand spanking new. All we'd really have to do is tear up the nasty carpet and replace with new carpet and buy a washer and dryer. There is nothing to fix in this property. We won't have a yard, but shockingly enough in this market, we will still be lucky to get into it. Seriously, we've been outbid 3 different times. It might be a down market, but if you were in our shoes, you'd realize that just about everyone and their dawg has more bling bling then we do. So, we hope to live in this place for a few years, rent it out or sell it for a small profit and buy another piece of property and put Oliver in a better school district so he doesn't learn what ebonics is. The sad truth is that I'm only half kidding.
A couple of days ago I handed Oliver an apple, he started chomping on it. He finally realized he's got teeth and knows what to do with them. He treats it so gingerly, carefully holding it and walking around with it, when he's done with it, he carefully places it on he kitchen table and then goes about his business, then comes back for it. So a couple of days ago, I offered him his apple and said, "apple" while I handed it to him. He looked at the apple and said "apooo" I don't know if there was an "l" there, but it seriously sounded like he said "appppppplllllllllle."
Anyhow with all the crazy bidders in this market, I wonder where these people live and if they have children, how they can afford it in this crazy area. We live in a pretty metro type area close to business, but also close to a lake. Its got its good parts and bad parts, but the property values have still held up fairly well, even in this down economy. I wonder if any of these people have kids and if they do, where are they storing them? The daycare director told me that 50% of the kids going to daycare there are subsidized. Trust me I've gone through all the scenarios of how I can get subsidized daycare and somehow, the scenarios never allow me the ability to get it. How the heck do these people afford to live in the hood?! The director told me that I have to be seriously poor in order to qualify for subsidized daycare, and I mean waiting at the welfare line. Yes that's me, always trying to cheat the system. Unfortunately I don't know how to do it yet.
Anyhow, please cross your fingers we get this house.