Do we start with the good news first or the bad news?
Okay I will go with the bad news. We are not going to buy the house, because the house inspection revealed several issues that we just can't afford to take care of at this point in the game. The good news is we aren't going to be buying a money pit. I won't go into detail about the issues, but it was going to be several thousand dollars worth of repairs. Now most people would say to negotiate the price down, but that still wouldn't give us the capital we need to go ahead with the repairs. So now we will begin the search for an apartment since we have given our notice already and want to find a place with cheaper rent.
If anything we did learn a whole lot about the house buying process so when we do decide to get back out there, we know exactly what we are getting ourselves into. Oddly enough Jennifer and I aren't too shaken up over the deal, which is strange and makes me wonder if we were doing the right thing. It all happened very quickly and the costs of closing and everything else kind of got out of control. Live and learn.