We have to admit that our house hunting became very discouraging this week. Last week we had found what we thought would be a perfect house, closer to work, lots of space, perfect neighborhood for us. However, we worried that it would be at the very top of our price range. We had tried to schedule time with our banker last week, but he was on vacation, so this week we finally got to sit down and figure out what price range we could afford.
Very disappointing news.
Because the only down payment we will have would be any profit from the sale of our current home, what we can afford is WAY less than what we would need for that sweet house and WAY less than the range we had been looking in based on estimated monthly payments that we knew we could afford within our new budget. The only good news is that according to what ever calculator/website that the bank uses to estimate the market value of our current home suggests that our home is worth a little bit more than we thought.
So now as we go thru the various web-site listings of homes, all we seem to find are homes that are either too far away for me to bike to work or in unwalkable neighorhoods or too ugly (I admit that I think a great many homes are just plain ugly and can't understand why someone would build something ugly and plain when for a little more money they could build a nice face on the house).
