We're Homeowners!!

Hubby & I have bought a house!

We've had our eye on this house for about a year now and have patiently waited while it's gone through the foreclosure process. Both of us have wanted to try our hand at flipping houses and this was the perfect house. It's about 7000 sq. ft. and in a gorgeous neighborhood with tree-lined streets. We were able to purchase the house for less than $200,000 which is $100,000 less than we offered on it a year ago when the bank rejected it. See...patience pays off!!! Normally, houses in this area that have been remodeled sell for $800,000 to a million, so it's a nice investment for us. In this market, even if you only fix a few minor things you're almost guaranteed to make a small profit when it rebounds.

The house is livable, but we don't know if we'll live in it or just fix it up and sell it. There are a few things in life that we have to work out first before we'd be able to live in it (i.e. jobs, my husband's political career), but for now, we'll flip it and get it ready to make a profit if we do sell.

We're both just so stinkin' excited!!! We definitely did not expect this call from our realtor yesterday. While we're really happy, we were secretly kinda hoping it would take a couple more weeks so that we'd be in a slightly better financial situation (with money we have owed us in a month), but the Lord blessed us with it now, so we're eager to see how He'll meet the financial situation. Please be praying that everything goes smoothly with the inspection and closing. Well, as smoothly as a house that's 90 years old and needs work can go!

For now, I'll leave you with a couple photos. One is the outside from the street (need to cut the shrubs and plant flowers) and the other is the foyer once you walk through the front door.