Becca and I looked at a condo on Friday afternoon. The condo is a 2 story, 2 bedroom, 1.5 bathroom with finished basement. The more I think about condos, the more I think it is a good option for us. Purchasing a condo is a good next step after rental living. You still have some of the responsibilities of owning a home, however you do not have all of them at once. The association still cares for the lawn, snow removal and the exterior of the home. We are responsible for the interior. This is a good balance and next step for us.
We made an offer on this condo on Friday and our offer was ACCEPTED!! We are excited. The next step is the pre-inspection. Due to the type of mortgage we will be receiving, there are higher standards on the inspection. Therefore, our realtor will have his inspector go through the condo and make sure everything is okay. The inspector is very thorough. (When he inspected the other home we were interested in, we received a report that was about 2 inches thick.) If our realtor's inspector does not find any problems then we will schedule the final inspection. I would think appraisals and other closing activities would proceed after the final inspection is complete.
So this is where we are right now. Thank you for asking us how things are going and for praying for us. Please keep praying.