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The hardest part of buying a new house is the period of uncertainty between signing a deal and closing escrow. It's like Schrodinger's Cat, you know that a healthy home loan application went into the box, but while the box is closed the home loan exists in both states, filled and denied, until the experiment is over and the results are revealed. Ours will be a short escrow, twenty days, I can't imagine what those with 90 day escrows must endure.
I am really quite happy with the process. We went with the same company that held our mortgage in Las Vegas. We got locked into our rate exactly one day before the rates jumped 3/8's of a percent. Now we just sit back and wait for the appraisial and survey to come in. Then snap the house is ours. (yes my fingers were crossed when typing that.)
The home itself is in a nice part of the Hunter's Creek development in south Orange County. It was built in 1997 and is one street down from some of the nicest homes in the community. My commute to and from work and the Disney property are 5-10 minutes shorter (although we must now pay a toll to get to Disney).
I look forward to showing y'all pictures of the house. You'll see before, during, and after shots as we plan to redo the flooring, rearrange a closet, and totally redo the kitchen. Wish us luck with that.
It will be nice to be home owners again... I'll now be switching back to the side that hopes there is no housing market crash. Just call me Johnny Damon.
Congratulations!! It's exciting to be planning how to make this house into your new home.
Posted by: Pfrost | January 23, 2006 at 02:30 AM