Buying a house/in debt FOREVER!

After living in a1980’s Miami Vice-prefab over grown house in the endless suburbs for the last eight months we are done. We are trying to buy a place in the city, in an urban-ish area full of cute houses and green lawns, where we can walk to the grocery store, read a paper at a neighborhood coffee shop on Saturday morning, and would be within stumbling distance from a local pub. As an added bonus, it is about 500 yards from the first man-made rock-climbing wall in the US with views of the Puget Sound and Mt. Rainer at the end of the street. Just a few houses away is a branch of the King County Library – books, books, books! The place and location are great, but the buying process has been a nightmare!

The house is a rock solid 1928 craftsman and we made an offer about 6 weeks ago. It was accepted by the individual seller of the home, but still no official word from the mortgage holding bank or closing schedule. I have put something like 3-4 hours a day for the last 5 weeks (really!) getting paperwork ready, scheduling structural inspections, sewer line inspection, submitting paperwork, re-submitting the same paperwork, transferring funds, property surveys, title insurance, answering countless stupid questions and providing minute details of our lives in writing – I had to legally declare my middle name as an alias at one point before we could proceed. It is like having a second job as an air traffic controller that I pay for the privilege of going to after my real job everyday.

This is THE time to buy a house in the US: cheap prices, tax credits, lower property taxes, cheap materials for upgrades, carpenters and electricians with open schedules, etc… and we are having to BEG someone at to take our money and relieve them of bad debt. It is mind numbing and my cute little sweet gentle wife is ready to brain someone with a bat – really!