We Buy a House, 26 January 2007
After searching on and off for over 3 years we have finally purchased
a nice little 2-bedroom, 1-bathroom home with 1062 square feet of living
space on a large 6,299 square foot lot. It was built in 1946 and has a good
layout, hardwood floors, and a new roof.
|This pdf is a full size
image of the data sheet for our house. Victor, the sellers
agent didn't do a very job creating curb appeal with the flyer or
with the house itself. For example, the view of the backyard
could feature a spectacular view, like in the photo above I took a
few days after we moved in.
Dividing the price by the square footage, you can see that the house was
quite expensive, however, it met our most important criteria, namely
that is was NOT a starter house that we would want to move out of in
several years. At some point, hopefully in the near future, we
will build an addition, but for now, we are very happy here to the
extent that we tell our friends we plan to die in this house.
||We obtained our mortgage from Derek Kam of Bank of
America at 1001 Page Mill Road in Palo Alto, California and recommend
him with out hesitation despite never meeting him in person. He
gave us the rate he quoted us (6.25% with no fees and no points) and
was a truly a refreshing experience after dealing with some shady
brokers that other friends recommended. The other brokers quoted
us great rates at our initial meetings but then always raised the
percentages when it actually came time to submit bids. Derek can
be reached at 510.676.8883. Note that we have no financial
incentive in any future loans made by Derek.
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