If you’re looking to buy or sell real estate, you want to pay close attention to my wife and me. Not in a good way. After we married and were comfortably settled in Maine, it became clear that owning a loft 2200 miles away in Denver was less than ideal. So we put it on the market. A new, modern apartment – with a huge patio and two parking spaces downtown, even – it should have been easy to move. Except that we listed it in the midst of the worst real estate market the US had seen in decades, and possibly since the Great Depression.
Real estate crashes too shall pass, however, and eventually we found ourselves a buyer. We even managed to eke out a profit in the process.
Free of the Denver anchor, our attention turned to finding a home of our own in Maine. There was just one problem: the real estate market had recovered. In a major way. Every day NPR had new, “thrilling” news about the housing recovery. Thrilling news that was terrifying from a buyer’s perspective. When our broker informed us that inventory was so tight that even average properties were getting upwards of four offers the same day they were listed – as if Maine had somehow become San Francisco – it was pretty clear that we were doomed.
Then one random Friday a property that we had looked at last fall, and had assumed to have been sold, hit Zillow. After debating over the weekend, we decided to schedule a showing first thing Monday morning. So obviously it went under contract that day.
In the end, however, as it so often does for me – eventually – things worked themselves out. Having struck out on one property from the fall, we looked up another we assumed had sold. As with the first, it hadn’t: did we want to take a look? It was a few weeks away from listing, but available. On the water, in Freeport, with a huge deck? Why the hell not?
Two plus months later – and a horrific secondary mortgage market disaster that will be fully chronicled in gory detail for posterity at a later date – we closed on the home, finalizing the paperwork late this afternoon.
The most immediate change as a result of our move involves our respective commutes. My wife’s is maybe ten minutes shorter; mine is almost thirty. If thirty minutes doesn’t sound like a lot, remember what an extra half hour of sleep means before a 6 AM flight. The only real downside to the location is that we moved ten miles further from the Oxbow brewery up in Newcastle, though it’s worth noting that we’re now less than three miles from the Maine Beer Company.
Longer term, we are both of us going to learn a lot about home improvement, because it needs a lot of improvement. Everything you need to know about our plans for the property – which is, to be fair, completely livable at present – can be summed up in two purchases: the ten pound sledgehammer I bought at Aubuchon Hardware two days ago, and the Senco drywall screwgun that Amazon delivered today. Oh, and the Benjamin Moore paint my wife picked up on the way to our closing.
But to be on the water, in a good town that halves my commute, I’m happy to trade some labor. Particularly because I actually enjoy working with my hands. If you have suggestions on that front, by the way – I’ve already discovered the Finehomebuilding.com YouTube channel – please sing out.
In the meantime, it’s time for me to get back to packing up our beer cellar. The new house, after all, has a corner room in the basement with no windows.
5 thoughts on “So We Bought a House”
Congratulations! Can’t wait to come check it out.
Congrats! I’m sure it will be awesome. Lets see some photos.