We were fortunate enough when selling to get a bit more than our asking price. This was entirely unexpected. We even had a lowest minimum offer, below our original asking price, that we were willing to accept. So when our place took off we were content to earmark this ‘extra’ money for agent’s fees, home inspection costs, lawyer fees and all the ancillary costs that crop up during a scenario like this.
The last thing I want to do is get into the mentality that since we sold for more than we wanted, we can turnaround and use the extra cash to buy a bigger place than we originally expected.
Not happening.
There are a whole plethora of reasons why that’s not going to happen. But for me, I want to avoid any scenario where we end up taking on more debt than we have too. If there’s one thing S and I can agree on it’s debt is bad. (I’ve seen too many episodes of TIL DEBT DO US PART to know that some couples don’t necessarily agree on that.)
So we’ve got a price range we’re happy with (350-400k), a neighbourhood we’re circling like predatory birds and enough money in our pockets to give us options.
Not to shabby.
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Hi, My name is Chris. I've got a lot of opinions about a lot of things and you've stumbled across the place where I express them all.
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