We bought our first house and closed the deal on Nov. 2, 2009. The search process seemed long because we were going out to open houses almost every Sunday and we saw many houses in the area we wanted to live. The general requirement was that it should be within 20 minutes driving to work. Then there are other requirements such as 3 bedrooms or more, 2 bathrooms or more, 2 attached garages, among other things. We looked for houses in the $200k to $300k range, as well as some that are in the 400k range. Each time we see a house, we would rank it from 1 to 10, where 10 being the ideal house. Each time Jenn and I will be pretty close; 5, 6, or 7 are common, and a few that gets the 8 rating. We began to realize that price does not necessarily correlate to quality, and the 430k house is not ranked higher than some that are $280k. By September, we were not seeing many new listings, so we felt we should make a decision at that point. What we did was making a trade-off matrix in Excel, with e...