Here's an update on the house situation- I put an offer down today. Mike and I discussed it right before he went offshore, and if it comes down to it later down the line, Virgil said I could get power of attorney for Mike for just this offer. The sellers counter offered, and it's not too far off from what we offered. My only thing is they lowered the amount they were willing to put towards closing costs, which means more money for us to put down upfront. I'm meeting with the lender who pre-approved us on Monday- she's going to answer all the questions I have and give me an idea of what we need to do to get the monthly payments as well as the down payment to where we are comfortable- at that point we can see if we will need to put a different offer or even accept their counter.
The house we're looking at is great- it's over 2000 square feet, and right within our price range. It has a mother in law apartment- at first I was skeptical about that, but it's actually great! We figured that between having Josh live with us, and all the guys that Mike knows through work that need a place to stay, we can most definitely rent it out. Plus, if Josh is staying in one of the rooms, and we rent out the mother in law as well, we would be almost having our house note paid in just the rent we collect! And I figured out the house note to be right about the range we're comfortable with, so even if we don't have renters, we will be fine to pay it as is.
In addition to the mother in law area, it has 3 bedrooms, 2 bath, and a decent size kitchen. The yard is not huge, but it wraps around the house and the existing fence won't be too hard to fix up for Buddy. It has a nice large driveway, a two car carport, and a garage that was turned into a work shop (Mike's favorite part). The landscaping is really nice too.
Once we figure out if we are going to accept, we will do the inspections, etc. I will keep you posted.
I'm going to post a link with the info on the house that Virgil sent to us- let me know if it works for you guys.
122 Downing St, Lafayette, LA 70506 If you click on the picture, it lets you view some pictures of the inside.
1 comment:
The house sounds perfect for you guys! Wow, your first house--how exciting! I'll be checking back often to hear that everything worked out!
Jenny
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