I was recently talking to my great-niece, on CO. She and her boyfriend bought their first home last fall. It was a short sale and they were very nervous. The Realtor they used was the same one used by her boyfriend's parents.
She consulted with me about a few things, and based on everything she told me about the advice and counsel the Realtor was giving them, it sounded like they were in good hands, and they felt very comfortable with the agent.
Buying a short sale is not for the faint of heart. There are many things that can go wrong throughout the transaction. In this case, they got a great deal, the bank was reasonably responsive and from the time they submitted the offer until they closed, only took about 8 weeks.
During my conversation with her, about work, school, and life, I asked how she liked being a homeowner.
"I LOVE it!" was her enthusiastic response. "Everyday I walk into the house at the end of my day, and I just keep thinking...I can't believe this is my home! It really makes me proud and excited."
There is a cost to homeownership. There is a pride in homeownership.
Owning a home makes things different. You can’t necessarily explain it logically. But you can feel it. That feeling is the real value of a home AND IT IS PRICELESS.