Well...just by chance I found a house for sale yesterday. It needs some cosmetic stuff done, but it would be perfect for my situation. It is 90% owner financing with at 10% down payment. I would put my current house on the market and rent it until it sells. I don't have the 10% down and was considering borrowing it from someone. BUT WAIT!!! I thought this through and have decided not to do it.
Finally...I am making smarter decisions...as hard as it is. I am the type of person that pushes for what she wants and makes it happen and sometimes regrets it later! But I talked to my sister and she basically confirmed my fears of relying on other peopr(renters) to make the current payment. I just don't want the stress of that and I am not in a position to cover it during an eviction. So here is what I am leaning toward doing....
Putting my current house on the market. I am not looking to make a huge profit, but would like to pay it off and have a decent down payment on another house. I think that if we price it lower than others in the area, it might sell relatively quickly and won't have to worry about the condition of the house too much.
I will be saving for a down payment on a house and still improving my credit score in the meantime.
If my house sells, I will move into an apartment until I can get a house.
This is my plan so far. It seems like it is a smart plan. Maybe another house will come available when I am able to purchase without those fears and maybe this house will still be there. But I am trying very hard to not make a stupid mistake again just because I want something so badly!
Decision made..sort of
August 14th, 2009 at 02:38 pm
August 14th, 2009 at 03:28 pm 1250263713
August 14th, 2009 at 04:55 pm 1250268905
August 14th, 2009 at 08:37 pm 1250282221
August 14th, 2009 at 11:11 pm 1250291491
August 16th, 2009 at 02:17 am 1250389037
I can say this because I'm a 'can-do' kinda gal myself. I MAKE things happen. Some times those things turned out to my own detriment through the years. No need to butt-bite yourself, eh?