I extended my rental agreement on my apartment to a month to month contract (w/ 60 days notice). So I’m basically locked into my apartment until the end of January. I can’t imagine myself being there that long but its a good back up plan. It beats putting my things into store and begging people for a place to stay anyway.
The search for a house continues and I’m about to pass 50 showings. Its a good thing my realtor doesn’t charge per showing otherwise I’d be broke. I’m going to see some more places tonight in south Minneapolis, a couple of them look promissing on paper. I’ll find out soon if they are up to FHA standards.
I’m also still looking in NE but anything thats good that goes on the market up there gets gobbled up pretty quickly. I saw a nice place yesterday that was put on the market on Sunday afternoon and by Tuesday morning it had 3 offers already. Yikes. It was a really nice house but I don’t want to get caught up in a bidding war. Fortunately (or unfortunately) that house had some minor FHA issues… they could be repaired but the house is bank owned so guess who would have to pay for them. If you consider that you have to pay for an inspection, an appraisal, pay for the repairs, have a follow up appraisal and go then through the underwriting process… who knows how long all that will take, not to mention how much it will cost. Here are the neighbourhoods I’m looking at (in order of preference – #1 & 2 are not going to happen):
1. Uptown (ECCO, Carag)
2. South West (East Harriet / Lynhurst / Linden Hills)
3. North East (Aubudon / Waite / Windom Park)
4. Nokomis (Regina, Field, Northrop)
5. South West (Fulton, Armatage, Kenny)