Hi hi hi!
I wanted to start a new series that I am hoping will help a lot of you out there who may be deciding to buy your first place. For me, I am currently going through the process of buying my first condo! This is a huge step for me and I have so many mixed emotions. I am excited to begin this new chapter of life, but a part of me is also sad/scared because I will be going home to an empty house.
My family and I are close and I have a close relationship with them. I enjoy being surrounded by the chaos because it helps take my mind off of a bad day and my family is just entertaining. I enjoy spending time with them and I am glad that I do enjoy my time with them. However, what really pushed me to making the decision to move out was the fact that I felt like I just had no space and my life was kind of conflicting with theirs. It’s difficult to explain, but I just felt like it was time.
I guess the one of the questions that will come up is how did I afford to buy a condo? Well, I didn’t do it, my dad actually planned for it. When we moved from Hawaii, my dad bought a condo for my grandparents and a house for us. We then sold my grandparent’s condo and the profit from it went to me; which then became the amount I was putting down for the condo. Now, I could have rented out the condo and kept about $100+ in profit (after insurance and mortgage was paid), but I did some math and decided that I wanted to have a crack at being on my own.
When it came to deciding what area I wanted, long story short, I wanted to be relatively close to my family, but close to work as well. I’m glad that I was able to find something in the middle because it makes me feel like I have my own space, but at the same time, I am close to my family. I also love the fact that I’m near a street that is beginning to get a lot of new restaurants and eateries; even though I most likely won’t be eating out a whole lot.
The process of buying a condo took a lot longer than I expected and to be honest, I wasn’t able to see the property before I made the decision. Unfortunately I really couldn’t take time off of work because we have a co-worker on maternity leave, so I had to put my dad in charge of seeing the place. Now, some of you may think I’m crazy to have purchased a place that I didn’t even see with my own two-eyes, but I trust my dad’s opinion and he knows more about purchasing a condo/house than I do. It was also extremely difficult to set up a walk through with the company that owned the home and I didn’t want to prolong the process.
The paperwork and everything was pretty simple, but as a first time condo/home buyer, it was tough to really read through all the jargon; again, luckily for me, my dad helped me read everything and helped me understand majority of what I was reading. It also helped that my realtor was able to refer me to someone who was able to assist with my loan process.
The loan process is what really took the longest, but if you have a loan office who is in it to help you, they will make the process extremely easy.
I hope this will be a series that you’re interested in and trust me I will get into the more exciting parts like decorating and organizing, but be sure to follow my blog, instagram (ciaociao808), twitter (@ciaociao808), and youtube (youtube.com/msluvly1234) for updates, pictures and more!
Let me know what it was like for you when you first moved out in the comments below!