The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Friday, July 20, 2012

Emotional Real Estate Roller coaster

The #1 rule for real estate investing is to not get emotionally attached to the property. It's hard to apply that rule when you're not buying a property, you're buying a home. I have broken that rule.

I have bought and sold real estate before, but the property I have under contract now is going to be the home I raise a family in. No, we are not pregnant. However, we do plan to have children, and buying this home is a step in that direction.

It has been an up and down ride. At first we weren't sure we even wanted it. It's very hodgepodge and has a sagging beam in the living room. Then we loved it. Then we realized how much work it needs. Now we're waiting to see if we even get it (there are deed problems).

It feels like our life is on hold, like we are waiting to do anything and everything until we close. It's seems like it is this house or no house. To keep perspective we keep looking at other properties, but none seem as good as this one. Lesson? Never break rule #1.

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1 comments:

  1. Will we be closing in 10 days or not? I think we will, but it's still nerve racking!

    ReplyDelete

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