Purchase Offer? Check!

Exciting news: We put in an offer on a house!

After Monday's excursion around East St. Paul, which included going from house to house, and finding ourselves in neighborhoods that we could never imagine letting our future children run around by themselves, we decided that the Hawthorne house is definitely the house for us. D took us to look at the Hawthorne first and then we proceeded to see about 6 more houses afterward, and still nothing compared to the feeling that we got in the cute yellow house. After sleeping on it overnight, and thousands of calories consumed at the Great MN get together, we decided to officially take the plunge and meet up with D to write up the purchase offer. We got there are about 7:30, and didn't leave until after 10pm (about 30 minutes of our time there included D's 6 and 3 year old sons showing us some of their favorite music videos and rocking out to them. According to D's wife, the 3 year old has got quite the crush on me!). In the end, we decided that we would offer $10,000 less than the asking price and for the seller to cover the closing costs. Since only L's name is going to be on the loan, I wasn't required to sign anything on the purchase offer, so I listened closely and made sure that L dotted his Is and crossed his Ts while signing his life away. One of the benefits of not having me on the loan is that if, for some reason, we ever had to foreclose on the house, my credit will still stay intact and we could walk away from it and still be able to buy a new house. Or if we were to ever get divorced, my name will still be on the deed and I would still get half- bwahaha.

Now that the offer has been put on the table, we just need to wait to hear back from the bank (the house is a short sale) to see if they accept. This whole process is going to require a lot of patience from us, and we need to be prepared that this might not work out in the end, but keep your fingers crossed for us!

While we are far from being homeowners, it felt really good to take this important step.