It only takes them three houses and 3o minutes to buy a house on HGTV’s House Hunters.
Bogus.
Then again, it only took me about 13 houses and 2 months to find my house. I complained that the entire process of finding the house took too long. Now I’m just complaining that I can’t move in yet (under two weeks at this point). Patience, some might say, isn’t exactly my strongest personality trait. If it even exists at all. But in the grand scheme of things, I kept the process moving. Well that and my Realtor gently reminded me on more than one occasion that we would in fact find a house worth buying. Although I was skeptical of having a Realtor, thinking that it was wildly inefficient (thanks stupid Economics degree), it turned out that without her I would have been aimlessly trekking through the myriad of complications that arise when purchasing a house.
The concept of moving seemed like a relatively abstract notion even three months ago. It almost felt like having my own place would never happen. Then two events basically changed everything.
First, I looked into renting an apartment on Verbeke Street. Dangerously close, as in I called the Landlord and told him I would take the apartment only to have him shatter my dreams tell me he had already rented the place. After cursing this guy for a solid two or three hours, I moved on. Destined to find a place, I frantically spent time searching Craigslist for another apartment. Unfortunately, none of them met my high standards. I decided I was being overly picky. But dammit, I knew what I wanted, even if I couldn’t put it into words. I’d know it when I saw. Then something else dawned on me . Actually, in all reality other people pointed it out to me.
Second, after spending countless Saturdays this Spring working at the Widener Volunteer Income Tax Assistance program, I realized I could take advantage of the First-Time Homebuyer Credit otherwise know as the miracle handed down to us mere plebeians from the gods of Capitol Hill in DC for purposes of “jump starting the on-life-support housing industry*.” After doing some homework, I discovered that the government would basically pay me $8000 via a tax credit on my 2009 Federal Income Tax Return. Say what you will about President Obama, Congress, and the IRS, but this is insanely generous. The only restriction on this credit is that I must own and maintain the property for a period of 36 months after purchase. With some assistance thinking through the idea with my Mom, Dad, and sister, for the first time I realized I could buy a house. Turns out, that was the easy part.
So with the excitement and nervousness battling for attention in the confines of my brain, I turn to the concept of being a homeowner and truly living on my own. For the first time in my life. Let me repeat that, for the first time in my life. With this in mind, I hope to figure out what it means to be a homeowner very quickly. I’m going into this entire process operating under the notion of “what can go wrong probably will.” Not that I actually believe everything is going to go wrong, but rather as a defense mechanism for the first minor catastrophe that I face. Please though, let it be under my $500 deductible. I don’t want to have to file a claim on my first house.
I’m going to attempt to document the rest of this house buying process. I actually wish I would have done a better job of it from the start. Two things I know for certain: 1) I’m going to have a grill; and 2) Everything Outside! Everything else is left very much to fate.
*I thought for sure this exact language would be in the legislation. Apparently it’s not.