A lot of emotion comes with purchasing a home. I’ve tried to keep myself from getting emotional, tried to remain logical, because houses can be swept up by another buyer quickly and if you are emotional, you can make bad decisions, like buying too much or purchasing a nice home in a bad area just because the interior is attractive.
Since Chris and I decided not to make our house search public until we felt confident, I guess I should explain how this all happened. I always keep an eye on real estate in Lynchburg to note the trends and the possibility of suddenly finding something. This whole “serious” house search was inspired by a cute ranch in a great neighborhood in Boonsboro.
For you non-Lynchburgers, Boonsboro is the “rich” side of town, which then turns into Rivermont (also quite rich) and then downtown. Boonsboro and Rivermont have beautiful old homes that are almost always well taken care of. In fact, Randolph College is on Rivermont Ave itself–and is a half a mile from our street. Lynchburg used to be full of millionaires and Thomas Jefferson even believed that it would be one of America’s major cities, right up there with New York, because of the ferry of Thomas Lynch (hence Lynchburg). It was a trading post. Because of the wealth, the houses have amazing architecture like I have never seen anywhere else. I’m not that well-traveled, but there are just hundreds and hundreds of amazing houses. So, I’ve always wanted to live in Rivermont or Boonsboro, preferrably Rivermont, though, because it is closer to downtown, has more character, and is closer to accesses to Blackwater Creek, our favorite park with 17 miles of trails.
Historic downtown Lynchburg is undergoing revitalization. The city has a big project to turn Fifth Street into an area similar to Richmond’s Carytown. This process will take a long time, I’m sure, but Rivermont is only going to continue to rise in value.
Anyway, the house in Boonsboro sold before we could get to see it, even. I was confused because this isn’t 2005. This is the year following the worst year for the housing market. I thought things were slow? I thought it was a buyer’s market? However, with an $8,000 tax credit for first time home buyers, our price range was moving very fast, especially in a high demand area like the ones we have been wanting to move to.
So, we looked in different areas, but the houses just didn’t feel quite right–or safe. Then a cute house in Rivermont popped up. It was only 809 square feet–smaller than our apartment–but we were determined to make it work because it was so nice inside. The shutters even had squirrel cut outs! But it was withdrawn before we could look at it because the owners found renters. Ugh! By this point, I was feeling ready to give up. Nothing else was for sale in Boonsboro/Rivermont within our price range. In fact, very little is for sale in that area this year and listings in our price range are incredibly rare. What were the chances of getting lucky yet again?
Then on Tuesday morning, I noticed a new listing…. A cape cod on a great street in Rivermont. Our realtor was out of town, but she had arranged a back-up. I called her Wednesday to request a showing. We set up an appointment for Thursday at 4:00 pm…. Four people saw the house on Wednesday. Three on Thursday (including us). It was cheaper than the house in Boonsboro and much, much larger than the small house in Rivermont. It felt perfect. It needs a little comsetic work, but nothing we can’t handle. We were even able to talk to the owner–who looked like Kurt Vonnegut! He really did! The owner is moving to North Carolina to start a restuarant. He used to be the cook at Longwood, which is where we went for undergrad. Everything felt just as it should and we knew that we were running out of time with so many people coming to see this adorable cottage of a home in a great area.
So, we put in our verbal offer. He accepted. And that is how we found our house.
I very much prefer this house to the ranch in Boonsboro and the small house in Rivermont. It has a lot of character and I have always loved cape cods–who hasnt’? I’m so glad that it worked out this way.
And now we’re still waiting to hear back about the actual hard copy of the contract. Things could still go wrong. He could not like the contract–though I really doubt it. We still have to go through the home inspection, but I don’t foresee any surprises.