And boy, is it stressful. I am feeling ill from the seriousness of it all. Ulcers, headaches, pimples. What happened, you see, is we found the 'perfect house'. We shouldn't have even been looking. We hadn't seen a bank or a broker about how much we could borrow. We had looked on the Internet, and given ourselves an uninformed idea of what would we could get which didn't take into account three things: my margin lending loan being 'debt', our LVR (Loan Value Ratio—that is the size of the loan in relation to the value of the property, or, less financially obscurely, how big your deposit needs to be for the bank to lend you the rest dependant on how much the house will cost. Make sense? We're learning a lot), and mortgage insurance (also dependant on the size of your deposit and crazily expensive). So when we got all excited about this beautiful 1920's house, high in the hills with a bungalow, wooden floorboards, windows to views that were unbelievable, and wanted to make an offer, we suddenly realised that even though we could make the repayments, we couldn't actually borrow enough to buy the house because of the (weeny) size of our deposit. And we learned another hard house-buying lesson: how much it hurts to have to let go of the house you love!
Hurts, and sets up expectations. We've found another one we like now. Like—on the way to love—but not yet love. It's much cheaper. But it seems not cheap enough for what it is and what the others in the area have sold for. Knowing more is not making anything easier. Buying a house is a funny thing. It is unlike anything else you will ever do. What do you want? What is a deal-breaker? What do the other people buying it with you want or think are deal breakers? Is this house the best or will something else come along? If we don't take this one will nothing else come along? And then—the game! They say they want X, but they actually want X amount plus forty thousand; you offer X amount less twenty thousand, they come back saying they want X amount plus fifty thousand, you offer X plus five thousand, they ... You get the drift. The good thing about not loving, just liking, this latest house is we are prepared to sit back and play the game to our advantage. Aren't we, V——? Unless someone makes an offer? Oh gosh! Don't think these pimples are going anywhere soon. Or this poor blog either! Now you know where I am, in case you were wondering. Back to you sporadically, xxx.
Who Wore It Better?
Getting linky today with: