Monday, October 16, 2017

Why We Bought a Home - Without Seeing It

After we became debt-free in 2011, our goal was to not buy a home until we had a good amount to put down and we had a fully-funded 6 month emergency fund.  Well, you long-time readers know my story, it was medical situation after medical situation for several years.  By 2016, we had rented for 16 years and we had nothing to show for it.  Thankfully we had good landlords who liked us and they kept our rent very cheap the whole 9 years we lived in our last place; a mobile home.  There just wasn't a time we could save up money for this elusive down-payment.  I even called Dave Ramsey and you know what he said - No way, keep renting till you get there.

Sorry Dave, but we decided to go forward and buy a home after much prayer.  The rent in the area we were moving to in Ohio for a 3 bedroom in a decent area, was just too much and would have put us in a situation of no savings.  We needed something that was 25% of our income for all that the housing entailed and housing prices were very affordable compared to rent.  We got a very low-interest rate and no down-payment thanks to being veterans.  I'm glad we did buy because now we have our mortgage locked in for 30 years and we are only using 25% of our income for housing costs (including taxes/insurance) and we can build everything else around that.  I think was the smartest thing we ever did!  I wish we hadn't waited so long to do so and just took the plunge.

We are fixing up all the regular maintenance issues that come up and it is still proving to be better than renting for us.  One thing I highly recommend to any homeowner is American Home Shield home warranty.  They have been awesome and fixed whatever came up with our older appliances.  We have the full plan that covers just about everything (HVAC, plumbing, appliances, electrical, etc.) and it is something that a home inspector we knew in WA, that was a pro, even has for his home.  Other than that, we are paying an extermination company to come 4 times a year, as we live across from a lake and have a few more insects than we care for.  We are learning to DIY with a lot of things that have come up.

You have to have a place to live and God will provide!  You either owe the landlord or you owe the bank.  With the landlord, you have nothing left to show after your years of payments.  With the bank, you will eventually own the home yourself or at least be able to sell it for the equity you have in it.

We actually bought our home without even seeing it!  The first time we saw it was when we pulled up before we went to sign the papers.  It was everything I had hoped for and more actually.  God just knows how to pick 'em!  My husband decided to heed the Holy Spirit and go to this city that God gave him in prayer 3 years prior one night.  It was the next morning after that, that this house was listed for sale.  It was in the area I got in prayer from the Lord and it had everything on my "wish" list.  It was in a perfect neighborhood too.  There was no need to go check it out.  When you go on faith - you BELIEVE and God delivers!

We didn't even have all the money to move and take care of what we needed to but FAITH got us there.  And just like that - God gave us all the money we spent for our move back.  I sit back and look over this past year and think - HOW!?  Then, I hear God say - according to YOUR FAITH!

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2 comments:

Caroline said...

I admire your bravery. I have in the past rented a home without viewing, but never bought one!

Bev said...

I never thought of it like bravery, thank you Caroline! :)

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