So we’re getting ready to meet the load arranger to start the (scary as heck) process of buying a house. There are several fears I deal with in all of this:
- Lack of knowledge about what’s going on
- Lack of control
- Lack of resale value
I like control, I like knowing that I’m doing something the right way, and preferrably the best way. However, in this process I know it’s not going to be the best way, but it will be the way we can do it (I don’t have 20%+ down). However, I don’t understand how the whole process goes, and I’m hoping that I’ll be able to ‘get it’ quickly.
Because I don’t have a complete knowledge of the process and all of the terms involved I feel like I lack control.
Since the housing market is in constant flux I fear that the value of any home I may purchase will suddenly plummet because of any various change that may strike us, our neighborhood or the market in general. For instance, what if our Jerry Springer neighbors that live above us move into our neighborhood and bring the value of the homes down? I can’t imagine that driving by and hearing a young male scream, “You [words I wouldn’t type on my blog]! I’m going to [other words I won’t type] kill you!” I’m pretty sure that will cause some neighbors to want to move, and others to just call the police. Any regularity of either of those will bring the property value down. Also, what if Satan moves into our neighborhood and makes the Jerry Springer neighbors look good? This too is guaranteed to make the prices of the homes in the area go to hell [gosh that one liner amuses me]. And, lastly, what if the housing bubble that some have described us being in pops and I find myself paying the mortgage for a $230,000 house that is actually only worth $150,00 since Microsoft declared bankruptcy, WalMart bought out Target and Bill Clinton won a third term? Think of the catastophes!
So, as usual, I just need to trust God and seek His wisdom while all of this goes down. Pray for us in this as it’s going to be a bumpy ride and I’m going to have to go to the dentist in a week.