A few months ago I was paying our rent and I thought to myself, ‘This is ridiculous, we can’t keep doing this until Andrew finishes medicine.’ Every month we were just throwing away so much money that could have been going into our own home.
I talked to Andrew about looking into buying a home. We did the maths and relaised it would actually be cheaper to purchase a home than rent. We talked to our mortgage broker and found out how much we could borrow considering I wasn’t working at the moment and Andrew was only working 1-2 days a week.
We spent a few weeks looking around and didn’t really love what we saw. We kept telling ourselves, ‘It doesn’t matter if we don’t like it, it’s not our forever home, this is just a better and cheaper option than renting.’
A month ago now, we went to inspect a house right next to the city. Driving into the suburb we felt like we were back in Melbourne. All the houses reminded us of Melbourne. We walked into the property and straight away I said, ‘I want this!’ and Andrew agreed. We looked around and started planning the next few years in it, what we were going to put in this room and that room. The renovations that could one day be possible and so on. It didn’t take long until Andrew popped our dream bubble by saying, ‘I’m pretty sure this is out of our price range.’
We talked to the real estate agent who was out the front of the property and asked what she thought it would go for. To our surprise it was around what we could afford. She asked if we were interested and put our name on the list. I noticed that the ‘Interested List’ was very, very long.
We went back to the property the next day to inspect it to make sure we still loved it and we did. The place was full of people and all of them seemed interested. We decided to float around the real estate agent and listen to what potential buyers were asking her. The real estate agent kept asking us if we were ok and we kept replying, ‘Yes, we are just checking the structure of the house,’ but really we were eavesdropping on everyone.
From all the conversations we overheard, it seemed like we were in with a chance. We probably wouldn’t get it but it wasn’t going to be a definite no. We quickly got our finances in order, I went to a few auctions around town to see how the people of Adelaide auction and I was excited. Every auction I went to, even though there were people registered to bid, no one ever did. So the houses got passed in and negotiations happened behind closed doors. I was hoping this would happen for us to.
On the day of the auction, we went to register to bid and were pretty bummed to see so many people registering. All sorts of people too, singles, couples, young families, retirees, investors. We took our place outside and waited for the auction to start.
The auction started and I wasn’t feeling anything really because I truly believed we wouldn’t get it. People started bidding straight away and we just sat back and let it happen. It went back and forth for a while. We waited for the auctioneer to start calling the house in and that’s when we put our hand up. All of a sudden we were potential owners. Again it was called in and someone new put their hand up. This went on for a little while until everyone was out except for us and a man in a suit. It was going back and forth until we made our final offer and the auctioneer said to the man in the suit, ‘One more?’ and he replied with a, ‘Nope, I’m out!’ That’s when my heart started racing and I kept saying to myself, ‘Oh my gosh, oh my gosh, it’s ours!’ It all happened so quickly and all of a sudden the auctioneer said, ‘Going once, going twice and sold!’
It was a pretty exhilarating and overwhelming experience. Andrew and I just looked at each other and at the same time we said, ‘We just bought a house!’ People started coming up to us and shaking our hands and patting our backs, even the people who we were competing against. They seemed to be genuinely excited for us.
So yeah, we bought a house and we are moving in in 1.5 weeks. I’m incredibly excited about living next to the city again, I’m a Concrete Jungle lover and have been missing living amongst it all.