Thursday, July 26, 2007

Thought I'd Never See the Day...


But here it is: I'M BUYING A HOUSE! The house on the left to be exact, located at 1107 E. 42. 1 block from Daffin Park, 3 br 2 ba , c. 1930 but renovated, 1600 sq ft- not to mention the cupola. How on earth is this possible? I'm getting an deal*, sure, but readers, if I can do it- so can you!!!

I've been v. aggressively paying off my credit card, on time with all my bills, and generally paying a hair over the "minimum due" amounts (yay second job) so my credit is wicked good and I'm qualifying for a FHA loan- which requires only 3% down (!!!). When the seller is willing to pay all closing costs, and the house is approximately $150,000 that means you're out of pocket is like 5 grand; a totally reasonable amount to save, beg, borrow, steal- right? I hope this isn't TMI, but I certainly don't mind airing my laundry if others can learn from it... Stay tuned for the house warming invites, closing is Aug 31.

*The dudes I'm buying from purchased the sweetie in foreclosure, she was a crackhouse (seriously), and instead of sitting on it for a few years and making an obscene killing they're simply renovating and selling it to me for a reasonable profit. Decent, honest people in the Real Estate business? Signs point to yes... Ask me and I'll gladly give referrals for all involved parties.

7 comments:

Meghan said...

I'm so jealous!! Congratulations! I want a little spot of my own.

Kate Wells said...

You give me great hope!

Beth B. said...

Congratulations Jewell! And thanks for sharing information - knowledge is power!

Beth Mowry said...

This is destined to be the cutest house in Savannah one it's in your hands! Congratulations, Jewell!

Doug Frazier said...

Hey, congratulations! There's nothing like a place to call your own.

Caroline Hopkinson said...

Great work and what a wonderful house find!! I'm so excited for you!

Nancy H said...

Way to go girl! I'm sure you will make it even better. Hope you have an open house! I'd love to see the inside.