We got the house!

For those avid readers of my blog-y blog, you already know that I wanted to get a new house. Well, the house we wanted was foreclosed on, so it was super cheap. The only thing was that the bank was basically doing a silent auction for the house. If we bid on it, we wouldn't know if anyone else was bidding too, or how much. So, after much discussion, we decided to play it Price is Right style. We bid one dollar over the asking price. That way if some other yahoo bid the asking price we would beat them. And we did!

After a little bit of paperwork, Pete and I will be the proud owner of a three bedroom, two bath, two-car garage, 1,500 sq foot house! It closes on April 17th.

We had our real-estate agent, Ben Levine (who is amazing by the way), come over and do a market analysis of our home by looking up homes that sold in the area over the past year and comparing them to our home and its amenities. Now, keep in mind that we bought this house for $96K just over a year ago. It was crap and we spruced it up quite a bit. After touring our house and doing his homework, he thinks we can list it for $129,900. He also said that while there are a zillion houses on the west side at this price point, ours pretty much stands alone in this area because we're in a desirable location. While my neighborhood is kinda in the campus ghetto, the key word there is campus. There are a lot of po folks such as myself who want to live near school. They are my target market. Apparently, my house should sell pretty fast. This area hasn't really been effected by the dump in the housing market. The house next door sold before it even hit the market two weeks ago. Let's hope mine does the same!

That said, if you know anyone in the Albuquerque area looking for a two bedroom, two bath, two-story house in the campus ghetto that's in pretty good condition, you should send them our way. Better yet, they can contact our selling agent, Ben. He is really a really nice guy, and he knows his shtuff. I'll post a link to our listing once our house hits the market this Sunday evening.

Here are some pictures that I've taken throughout our time in the house. I'd put updated ones, but my camera is broken. Show your friends!








Keep in mind I've stained the fence since this picture was taken.

Wish us luck in our new adventure selling our home!!!