My New Place!

I have a really exciting and busy last week! On Wednesday, March 3, I put in an offer to by a condo at a complex at 1156 East 3300 South. The timeline on this whole process has been really short because this condo was a HUD foreclosure. Much different than a typical house sale, with a HUD property there are very specific requirements. First, the property is listed at a low price to enable the government to sell the property within the first 10 days it is listed. If, during those first 10 days, HUD does not receive an acceptable offer they relist the property on a day to day basis. This had been posted for the 10 day process and now was being relisted everyday. This was the only HUD condo in the entire complex and there had been condos in this complex sold in the past 180 days for more than $200,000. The HUD price was a GREAT deal! I found out on Thursday that HUD had accepted my offer and I am now under contract! The price was such a screamingly good deal that it is very affordable (and will be easy to pay0ff) as well as let me live my life of fun and continue to travel!

The condo is beautiful! I can't believe that it is a HUD property because all it really needs is paint and new carpet! It is a great location and it as close to my work as the Wilson house is (its about a 7 minute commute either way). The complex was built in 2003 and so everything in the condo is new.

The condo is a penthouse on the top floor and it has great vaulted ceilings. In the picture above, it is the condo in the top middle under the gable. There is secured parking under the building which is great!

One of the things I really fell in love with was the kitchen. The picture above is the kitchen display picture for the complex. It is exactly like my kitchen (below) but is easier to see the detail. The only thing different in my kitchen is that my cabinets are a little darker.

The condo is 2 bedroom and 2 full bathrooms. It is 1137 square feet and a nice little balcony as well. Below are two pictures of the master bathroom. Another awesome thing about this condo is all of the closet and storage space! Right now I am planning on using the master bedroom and turning the second bedroom into a office and guest bedroom.

I got to go back in today to look at it again. My uncle Andy came with me to check the place out pre-formal inspection. It is really nice to have gone through it with him and see that even with this being a HUD there were only minor things that needed to be fixed. However, since it is a HUD, it is sold "as-is" and so I have to wait until I close to fix those few little things.

HUD requires that all financing is completed within 10 days and that closing takes place in less that 45 days. I'm actually really excited for this timeline because hopefully it will enable me to close near the end of this month. I'd like to start working on the condo before the beginning of April since I leave the first week of April for spring break (with mom to get her things from Alabama) and I have a AD conference in St. George the second week of April.