It's starting to hit me that one of my little dreams is coming true Monday when we get our cool thing at work. Most of you already know what it is but I'm not supposed to say what it is until we have it. All preparations have been made and it's pretty much down to getting everything finalized tomorrow. Wow.
My second little dream… I got a call at 5pm. There was a counteroffer on the property within my acceptable limits. The seller says it's non negotiable and final, and he's rejected at least 5 other offers that did not reach that minimum. My agent believes this to be truthful.
So the plan is to buzz by, take one more look, and then basically accept the counteroffer as proposed because it's ideal, exactly where we wanted it, what we wanted it to contain, everything. And the price is good for the neighborhood and it's a nice looking neighborhood. Pending inspection then, we basically have a house.
It's more than I hoped to pay for a house by a long shot when I started this exercise. But honestly we can afford it still and since it meets more of our 10 year requirements than our 5 year, it's likely that we'll buy it and stay there for the remainder of our days. We won't have to replace it when we have kids as it was specifically chosen to scale to that. We have to get appliances but we have savings for that, so ultimately there's really no downside to it. I'm just being nervous…. Probably because we will have to look at our expenses and adjust them so we can keep putting the same amount in savings as we currently are. I like not living paycheck to paycheck and having a big buffer. I'd like to get it up to 3 months income at minimum. It's currently at 1 month after all the stuff settles with appliances and stuff. I can only imagine how it will be like when I pay my dad off in the next few years. An additional $500 a month with no extra effort put in would be a great thing.
The good news is that the income from the LLC could make the house payments by itself if it had to, AS IS. There'd be no money left over for food or other bills, but frankly if I had to live that way, it's likely because I would have found myself with a bunch of unexpected free time on my hands. Even if I land on my ass somehow I'm set. But given the way things are going that is incredibly unlikely to happen. I just like the safety net.