Sunday, April 06, 2008

Selling and Buying

We have decided to chronicle our next big project using this blog. It will hopefully be a great way to track the progress and tribulations of renovating a rowhouse that is 200 years old.

While we absolutely love our house - our first house - here on Forrester, the time has come to move up and take on a new challenge. We have learned so much about caring for a home and are looking forward to taking that knowledge and building upon it with the rowhouse on S. Exeter.

Performing a renovation project on a home of this age will certainly teach lessons, affirm limitations and try emotions. Although, I truly hope that the buying and selling phase - where we are right now - proves to be the most stressful. It has been a relatively quick process that has been filled with highs and lows. Ultimately, we have been very fortunate despite a mediocre real estate market.

The current owner of the rowhouse quickly accepted our first offer and has been very helpful throughout the process. Our house was listed and we received two offers within seven days! We are getting just under the asking price for our house and we are buying the rowhouse for about $35,000 less than the original listing! Needless to say, we are quite pleased.

The settlement date is tentatively scheduled for June 4, 2008 - assuming no more surprises. We are sort of expecting a few more surprises, but our fingers are crossed. For the time being, we will be packing, getting our house ready for the home inspection and letting our imaginations run wild with ideas - more on that later.