Monday, January 18, 2016

La Casa!

So we wasted no time finding a house! After almost 2 months of nomadic living and travels to visit family and friends across the U.S., Scott and I were so excited to finally arrive in Boise on January 2, 2016. We settled into our cozy little airbnb house near the downtown (on a cold 20-degree snowy day) and began a fierce round of house-hunting.

Learning the local market was a little disappointing; our financial limitations led us to some scary flip options--including the 30-year smoker house, the very scary basement house, and the stripped bare house. On day two, we found the perfect flip--great bones, cool architectural features like stacked rock on the exterior, and lots of potential! And then we got into a bidding war. We chose not to win. Welcome to the Boise real-estate market.

Our eyes were quickly opened to the reality of our situation. We sold our home in Yazoo City for $70/sq ft. Fully renovated. After waiting three years for a buyer. In Boise, the pace is a little more rapid. We were looking at homes that were selling for around $100/sq ft--needing complete overhauls. And if we didn't make a quick offer, the house might be gone a few days later.

Then Scott found it online--the perfect house for us! A great lay-out, lots of character and when we went to see it, we fell in love with the location. While we were touring the inside, 3 more cars drove up to see it. We wasted no time making a full-price offer; within 24 hours, we had a signed contract!

Now we are planning the renovation while we wait out escrow. Although we'd originally planned to flip for a few years, we just may decide to make this home for a while...

No comments:

Post a Comment