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Kinda freaking out

October 27th, 2008 at 03:45 am

My parents and I have been discussing lately about the possibilty of me buying their house from them. Their plan for just about as long as I can remember, was to take off this coming year from their jobs and go on a year long road trip around America. My dad is retired, and my mom is a teacher (she can take up to a year off, and still have her job when she comes back). But suddenly, they want me to buy their house.

I was ok with this. I have to find a new job either way. When my parents leave, working on the weekends like I do wouldn't make any sense. My parents currently watch Juliette for free for me on the weekends, making it affordable to work. I knew I was going to have to go back into a 9-5 job, and even though I didn't want to, I was ok with it.

Their mortage payment is about $800/month (including taxes and insurance) This is way more afforable than what I would find around here, and even cheaper than renting an apartment. I was ok with this as well.

Well, now they are chaning everything. They found a house they want to buy. This will put off their touring the United States for about a year, but this house is their "dream house". They are planning on putting in their application for it tomorrow ... it's dropped over $125,000 in price since it went on the market. It was built in 2006, and has never had anyone live in it, it's on over an acre of land. It's nice.

I'm freaking out at the thought of possibly being a homeowner in less than a month. I THINK I can make the bills (going to go and sit down with the numbers now) with my current job. There is a chance that I will just rent from them for right now ... and there is another chance that the bank won't let them hold both mortages. So ... everything is in a toss up.

And of course I'm a tad bit giddy at the thought of owning a home. I've lived here since I was eight ... and I would LOVE to tear down the horrid wood paneling and repaint the pink walls in the living room.

Fingers crossed that everything works out!

3 Responses to “Kinda freaking out”

  1. scfr Says:
    1225082521

    I hope everything works out for you ... Those are certainly some big decisions you have to make. Good luck.

  2. whitestripe Says:
    1225097389

    i'm in a situation where my BF and I hope to be homeowners in six months. my advice is just to go for it. it's scary and all in the air, but if you can make it work - it will set you up for the future.

  3. Ima saver Says:
    1225118822

    I feel like buying my first house at age 21 was the best decision that I ever made. I have not had a house or mortgage payment since I was 32.

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