We have decided to go in a different direction. It is so tempting to go for the 85000$ manufactured home easy option. Just to get into a house. But we don’t want to get into a situation where we are unable to sell when we are ready. But, it is very tempting.
We’ve thought about our situation and our priorities.
1. Get a traditional house for easier resale.
2. Needs to be somewhere there is hockey for our son.
3. Needs to be in our price range.
4. Would like it to be a USDA loan.
5. Husband’s job needs to be nearby.
And we discovered that the Palm Springs area is all of that for us. So we are biding our time and will jump when there is an opening for my husband’s position. We figure that late 2017 or early 2018 is when we will purchase.
This gives us the time to really pay down our debt which at this point is our school loans. We figure we can pay them down to half if we use the snowball method. We are using this spreadsheet here. We just plugged in our debts with the interest rate and minimum payment we are currently doing. Plugged in the date we started which was this month. Then I added some “snowflakes” (really that is what they call it) like our tax refunds. And it calculates everything for you. I printed it out and put it in my house binder. Then each month once I have paid the debts, I cross it off on my printed sheet. I need to cross off items to feel like I am accomplishing things. Plus it is a great visual as we move to our goals.
Our credit reports need to be cleaned up. There are things that are due to fall off and we will let them fall off. They are almost obsolete. It is not too bad but it does take patience sometimes. We did go through tough financial times in the mortgage meltdown. I have been following financial forums but our bounce back from the tough times is not like you read on the forums. Some come out of bankruptcy and it seems like they are at 700 in a blink of an eye. Our journey was not like that. But I will talk about that another time.
I have been checking out houses in the Palm Springs area. There are some cute houses there. One of our questions is pool or no pool? Having a pool increases your utilities. But I have been reading that some weeks they can have temperatures up to 117 degrees Farenheit. Hot! Decisions! Decisions! Some stuff to think about.