It would be fair to say that we got discouraged. After a few months of looking at houses and realizing how hot the market was and how much these homes were selling for, we decided to wait a year before buying a homestead. Perhaps the market would stabilize, interest rates continue to drop, and just maybe we’d find a place that was actually a good deal.
So we made a pact. Wait a year, put as much as possible each month into savings to increase our downpayment and just leave the stress of house shopping behind for a bit. I uninstalled the apps, stopped checking the local MLS every day, and went back to life as usual.
Home Comes Knocking
Two weeks later an old friend called and said he had just the place for us. “Mueller Haven” he called it. I told him we’d decided to wait, but go ahead and tell me about it. Of course it sounded too good to be true, but being the middle of the day, and my brother being here, we decided to take a drive and look… cause what could it hurt. When I told Ryan about it that evening, he too wanted to look. We instantly loved the property.
3.92 acres, cross fenced with white wood farm fencing. A small pond, mature trees including pecan trees, two shops and a big house. A really big house.
Too Much House?
We’d been shopping for a four-bedroom home, or three-bedroom with an office or second living area so I’d have dedicated office space and the boys would still have their own rooms when they got older. But this house? 6 bedrooms. 3 bathrooms. 2 large living areas. And two dining areas. Plus a massive 2-car garage. 3307 square feet of living space.
We don’t need that much space. In fact, I considered that it might be too much for us and maybe we should wait for something else. We weren’t terribly in love with the house, but the inspection came back very favorable and we started thinking about how we could make the home our own with some minor renovations.
Buying a Homestead: The “Before” Photos
Being a foreclosure the house was not only empty, but abandoned and gathering dust and bugs. The before pictures aren’t pretty. But, we can see potential!
A Few Older Photos
These photos are courtesy Google Maps, from around 2013 when the family that built this place lived there. I can’t wait to show this place some love and get it back to looking fresh and clean!
We decided to proceed with the process. The friend who found the property is an investor and he had already put a contract on the place, knowing it was a good deal. This one was a VA foreclosure property. In fact, it was listed by an out of town agent who had neglected to add it to the local MLS records. Because of this it had been on the market a while and the VA was ready to unload it. So, he offered it to us at a slight markup which we all agreed was fair, and we put a contract on his contract.
Then the real fun began…