The Realtor makes an offer - Chapter 1: Money worries

My husband and I made an offer on a townhouse in Toluca Lake.  The seller will make a decision this weekend. We like our current place, but our current neighborhood is not what it was.  This townhouse has more space, is newer, has an attached garage, a patio with a view, etc.  It also needs a new kitchen and carpet.  You'd think we'd be sanguine about this, but no.  This decision was fraught with the same worries that most buyers have:
- Can we truly afford it?  Our monthly nut will go up!
- What if either one of us loses our job? And my husband is close to retirement!
- Is it wise to dip into savings for the downpayment?
- What about the higher property tax?
- Can we get what we think we can get for our current home?
Stay tuned...

And further...

The post below talks about all the buyers who seemed to be out last weekend. It appears they were buying, not just looking: The house above is 1110 N. Avon in Magnolia Park. It's a 3+2, 1309 sf, 6750 sf lot with pool, and needed a lot of updating (the kitchen, especially). It listed last Friday for $439,000. It is now in escrow, less than 7 days later, for $490,000. Yes, it went in multiple offers.