My New House

Wow, things happen quickly. I didn’t write about this last week because I really didn’t expect it to go through. I made an offer on a house, about $10K under listed price. This house was a repo and needs some work (not as bad as the others I’ve seen thought). It was a multiple offer situation and I though for sure I wouldn’t come close since people have been paying list price.

I was surprised when I was informed early this week that I had the high offer, but they wanted to get another $5k out of me. No way was I giving them any more, I though my current offer was generous. To make a long story short, I signed the contracts yesterday. It’s mine!

Front of houseThis house is located in the same neighborhood that the other house I made an offer was on. It’s on a 1/2 acre, a nice rectangular 1/2 acre with easy access to be the back yard on both side. The interior needs carpet, paint and is a little dated (was built in the late 70s as far as I can tell), but other than that it’s not in that bad of shape. It also has city water and sewer. Many of the house in this area of Rio Rancho were built before there were hooks and have septic systems or wells. I lucked out there as well.

Over all I’m happy with this purchase so far, I got a deal and it has the basic configuration I was looking for. I have some big plans to add on and will be writing about them here.

House Hunting Week 1

I started house hunting this week. No winners yet, my apartment lease is up in about 5 months so I have plenty of time. Here’s what I found so far.

In perspective, this house was just about perfect.

  • It is on a rectangular 1/2 acre lot.
  • It in the city of Rio Rancho but just on the edge so has a septic and propane tank but has city water running to it.
  • It’s on a dirt road and has a bunch of trailers in the neighbor hood, neither of which concern me.
  • The house itself is on ~1200 square feet, not huge but big enough for me. Newer construction (last few years).
  • The best part, it has a solid 8 foot fence all away around the property. Made of welded tubular steel with metal paneling. The fence goes all the way around the front to make a gate in the front.
  • It was well in my price range at $113000.

Unfortunately the house had an offer on it when we went to look at it, so I never saw the inside.

No house yet, its being built and will be done in about 3 months. But I did look at an identical house nearby that was almost done.

  • This house is in a flood plane. Yeah it will probably never flood, unless I buy this house then we will have the rain storm that only comes around every 1000 years.
  • The property, although a full acre, was all over the place. I don’t think I could put it to use the way I would want.
  • Its outside the city of Rio Rancho. Septic, propane and well water. None of which bothers me except the well is shared by two other houses. I don’t want to have to deal with neighbors at all.

Considering it’s on a flood plane they still wanted ~$130000 for it. I’m afraid this isn’t the house I’m looking for.

No photo for the next house.

  • On the edge of the city and has city water and sewer.
  • On dirt roads, lots of desert around.
  • 1/2 acre lot, most of it not cleared. I like the natural desert look.

It’s a new house, they want ~$130000 for it and it just doesn’t seem that special for the price. There were no windows in the back of the house, just weird.

Were getting close with this house.

  • It’s old. Exact age or builder isn’t known but was estimated to be 20 to 30 years old. It certainly had that 70s look to the interior.
  • Speaking of the interior, it needed work. I would want to redo much of the kitchen and living room. A fixer up for sure.
  • The lot is 1/4 acre. Unfortunately it seems most of the property is in the front, since it’s a corner lot. I would prefer it be in the back. I’m sure some creative fencing could move some to the back but it’s not ideal.

Like I said, it’s close. I going to keep looking, but I may come back to this one in a few months if I don’t find anything else (if it’s still available).