We have been considering a big move over the last year or so. Many different reasons for the move but the biggest is the cost of living in Colorado and my moms health. It has been a process trying to buy a home when we are not in the state we are buying from, but we are hoping it will happen soon.
Cost of Living in Teller County Colorado
The cost of living in Teller County Colorado has dramatically increased in the last 10 years that we have lived here. Many people moving in the area including Charis Bible college, has made the housing market tight. I purchased my current home 5 years ago for 84000. I recently did a refinance for 160000 but learned I could sell my home for 195000. That is for a loft A Frame on less than an acre. Even making decent money, I cannot afford to purchase a larger home in this area
Moms Sicknesses
Mom has lung issues and the elevation had already been messing with her health. In November she was diagnosed with Afib which is also not helped by the elevation. Since we live at close to 9000 feet, we are pushing her health on a daily basis, so now we have to make a change. Arkansas is well below any of the elevations here in Colorado.
The Process of Buying a House out of State
We were approved for a loan around the beginning of December with Ally Bank Mortgage, so we began the search. So far we have looked at several homes all over Arkansas. Also, we even made offers on a couple. Each offer has been turned down for one reason or another. Today we made yet another offer on a house that has 20 acres. We offered full listing price. The only contingents are asking for help with closing costs and we inspection results. I am praying that this offer is accepted, or at least a counter offer is made. I truly need to get my mom out of the elevation. One thing my family has is Faith though. We believe the right house will come along that we will be able to purchase.
I am hoping my next post is about the family planning on a huge move to Arkansas. In the beginning I will continue to live in Colorado and take care of my house here so I have an income coming in, after a few months I will move to Arkansas with my mom, niece and two kids. The planning process is going to be interesting, but I know it will all work out!
