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Should we consider this house?
There is a married couple at my church just a few years older than DH and I. They bought an adorable cottage-style house in a fairly nice neighborhood about a year or two ago. I know that they did a LOT of stuff to it due to her FB posts: new stove, new fridge, new sink, new garbage disposal, new paint throughout, new light fixture in the entryway, etc. So I know the house is nice. It's a little old, but it's been kept up.
Anyway, this couple is from the northern part of the state (and we're way in the southern tip). Apparently the guy got a job back home and they are moving like VERY soon. They are going to be living with her parents until they can sell their house here, then buy a house there.
I know that they are going to be listing their house - WITH MY MIL no less - probably this Thursday. I'm somewhat interested. The thing is, DH and I tried to buy a brand new house exactly one year ago, and ended up not going through with it because we couldn't get the mortgage note where we wanted it. At the lowest we could get it, it was still $150 more per month than we wanted to pay. This house is listing for about $5,000 more than that one was. Given that it's older and in a different area, I'm not sure if we'd get a break on insurance, taxes, etc. that would make the note lower that the other one, though. Plus DH and I have more money now to put down.
My question is this: should we bother? I come from a family of hardcore renters and have seen so many get burned by the housing market that I'm already skeptical about home ownership, and last year's experience didn't help me any. Plus DH is still in college until December and there's no guarantee he'll find a full time job quickly after graduation, so there's some uncertainty about our income there. But MIL is a realtor and so anxious to see us buy a house she could bust, and with her as the listing agent I'm sure she could get us a deal. Last year she was going to pay our downpayment for an FHA on that other house and I'm sure she'd do it again. Then SIL is a mortgage broker and would probably waive all her fees, like she did last year.
UGH! I just don't know if we should go through the strife or chill in our apartment and let this one pass us by.
Re: Should we consider this house?
An American Girl's Travels
Me:32 DH:33
Married Sept 2008
~~TTC Nov 2010~~
Jan 2012 - SA, low numbers and also low T
Mar 2013 - see first Uro - recommends seeing RE
May 2012 - see RE who recommends a new Uro who specializes in MFI
May 2012 - HSG: tubes clear
DH Surgery: 8/30/12- Bi-lateral Varicocele repair
Wait
IUI#1:12/19/12-100mg Clomid(CD3-7)(7M post wash)+ progesterone= BFN
SA:1/11/12- 38%motility, 2% morph
IUI #2: 1/21/13-100mg Clomid(CD3-7)(8M post wash) + progesterone= BFP!! EDD 10/13/13
Beta #1=81.1 Beta #2=134.5 Beta #3=58.1 #4=2369 WTH?!-Not sure if its viable
2/21/13 - Went to RE expecting the worse and saw the flutter of the heart...still measuring small. To God be the Glory!!
2/28/13 - heart rate = 147bpm!! Measuring on target!
3/21 - First OB Appt
~~PAIF/SAIF Welcome~~
If you are interested and it's a house that is workeable for your expectations and budget, it wouldn't hurt to take a look and do some negotiating.
That said, you need to be comfortable with the expected mortgage payment even with the uncertainty of graduation/jobs before signing any papers. We actually changed our mind on a new house we had already put escrow money down on, because once things started plugging along it got outrageious and out of budget for us. It was mostly ME that changed my mind on the house and had to convince (and have a minor freakout) my H and my mom why I wasn't comfortable with the higher rate even though it was a "better" house. Ended up waiting and finding the house we bought and live in, and it was perfect for what we needed and within the original budget plans for monthly payments. We are happy we didn't jump on the first one just because it seemed like a "better deal", because it definitely would have made things tighter financially. You really have to weight out ALL the options and expectations when it comes to house buying!