I am in the process of purchasing my first home. That’s right, I said “home,” not house. I have recently become aware, however, that there is a difference. The new real estate market is a callous beast that doesn’t care about anything but the bottom-line. If you are looking to buy right now, you are most likely going to be dealing with banks, frigid, heartless establishments that sell houses…pieces of property made of wood and nails and some paint.
These banks don’t care about that warm fuzzy feeling you get when you walk into the perfect house. They don’t understand that you can search and search and feel nothing, but when you finally find the place that makes you feel at home, you have to have it. I have been told not to get emotionally attached to anything that can’t love you back, but it’s hard. You cannot prevent yourself from envisioning your life in a new place; it’s part of the selection process when you’re buying a home. I have to be able to imagine my future in a home…Will I host my first Thanksgiving dinner here? Is this where I will start my own family?
Needless to say, it’s been a frustrating process. The banks take their sweet time trying to decide if your offer will meet their approval. After my first offer being flat-out rejected without even a counter offer, I’ve had to contemplate the price I would pay for happiness. The uncertainty of the market’s future adds an additional element of stress to any price decision. Real estate always used to be one of the most secure long-term investments you could make. But now, who knows what the future will hold.
I am supposed to hear today if my last offer was accepted. It’s a home I can see myself in for awhile, so I made the best offer I could. Let’s hope the bank thinks so too!