I might be broke tomorrow UPDATE
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I might be broke tomorrow UPDATE
| Sun, 07-13-2008 - 8:01pm |
OK girls I did it! I put in the offer. It is a lot of money and the difficulty is that as it stands I would have some savings left but only about 4 months salary and then IRAS and that is with my Dad's help which I am going to take him up on. I feel slightly vulnerable taking help from him. It has been literally 15 years since I asked him for money for anything so it feels weird but he is being very insistent and wants me to have a safety net.
I guess I will have a response to the offer tomorrow at some point although I dont know - sometimes it takes longer? I know she was calling the realtor as I left the house to let him know I had submitted the offer but I dont know that he was around to receive it. Anyhow, if he wants to go up any more I will be dipping into those savings. Not sure how I feel about that but I know it makes me feel shaky.
Luckliy the mortgage is only 500 more than rent and that is actually just fine with us. We have been renting for 3 years in this 2 bedroom in a very expensive part of town so thats why there isnt much difference. It isnt like we are going twice as much which is what I did when I bought my first house after renting a one bedroom for a few years. So we will still be able to save a few thousand at least every month to replenish savings or to help fix up each month. I have thought about that and think we will be fine as long as we are careful. Also I cranked the numbers and I could actually buy and afford the house on my own even if something happened to SYB and I. and I dont even like writing it so you can imagine how it felt to think it through.
The two other houses I saw were nothing to sniff at compared to this one but mostly that is about style. They all need some work I guess and it is clear I am going to paying about the price I am offering to get the space I need in the neighborhood I like along with getting it livable and planning reno down the road. I just loved the period built ins etc in the one I made the offer for. It just made me feel good and I honestly think it reminds me of Paris or Europe and I did live there five years so that makes sense. I also thought today long and hard about the fact that when I bought my second home years ago after the separation/divorce I bought in a lesser neighborhood to save money and it was a new townhome in a community, very plain and simple. The house was safe and solid but it did nothing for me spiritually. And since I work at home I think that is an issue for me. I moved to the city partially because I need more action around me and stimulation. It helps me work and feel good. So I think the house has to have these things about it too and the one I bid on tonight does so that is great.
And I figure if this one doesnt work out, at least I am getting more and more a sense of what I want and need!
So - sorry to drag this on but throw more good wishes my way. I need every single one of them and I have a feeling tomorrow might be a big day over here!
I guess I will have a response to the offer tomorrow at some point although I dont know - sometimes it takes longer? I know she was calling the realtor as I left the house to let him know I had submitted the offer but I dont know that he was around to receive it. Anyhow, if he wants to go up any more I will be dipping into those savings. Not sure how I feel about that but I know it makes me feel shaky.
Luckliy the mortgage is only 500 more than rent and that is actually just fine with us. We have been renting for 3 years in this 2 bedroom in a very expensive part of town so thats why there isnt much difference. It isnt like we are going twice as much which is what I did when I bought my first house after renting a one bedroom for a few years. So we will still be able to save a few thousand at least every month to replenish savings or to help fix up each month. I have thought about that and think we will be fine as long as we are careful. Also I cranked the numbers and I could actually buy and afford the house on my own even if something happened to SYB and I. and I dont even like writing it so you can imagine how it felt to think it through.
The two other houses I saw were nothing to sniff at compared to this one but mostly that is about style. They all need some work I guess and it is clear I am going to paying about the price I am offering to get the space I need in the neighborhood I like along with getting it livable and planning reno down the road. I just loved the period built ins etc in the one I made the offer for. It just made me feel good and I honestly think it reminds me of Paris or Europe and I did live there five years so that makes sense. I also thought today long and hard about the fact that when I bought my second home years ago after the separation/divorce I bought in a lesser neighborhood to save money and it was a new townhome in a community, very plain and simple. The house was safe and solid but it did nothing for me spiritually. And since I work at home I think that is an issue for me. I moved to the city partially because I need more action around me and stimulation. It helps me work and feel good. So I think the house has to have these things about it too and the one I bid on tonight does so that is great.
And I figure if this one doesnt work out, at least I am getting more and more a sense of what I want and need!
So - sorry to drag this on but throw more good wishes my way. I need every single one of them and I have a feeling tomorrow might be a big day over here!



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It's a big decision to put in an offer!
What if he doesn't take it? Are you willing to up the offer, or will you keep looking?
Hi City,
City's in love- with a house. But those are the best to live in as long as you keep your head. Remember, this one doesn't work out financially, there will be another one.
And don't sweat borrowing from dad. I was loathe to borrow from my mom and Psychoboy's parents for our first house, in LA. But I did pay them back slowly. By the time we sold that house we had paid off the parents. Wouldn't you do the same for your son should that come up down the road? didn't your dad inherit some money recently? So it isn't going to come from his long held savings or anything? Your dad wants you to be happy. He wants his grandson to live in a stable environment. Of course he'll help make it happen.
QB
SYB is in upstate NY and it turns out there is no signal there so I am really on my own with negotiations here. I can email him the results but we wont be able to talk unless he gets someone to drive him to town. He seems to be having fun though and he was excited I offered something tonight. I hope I have more good news for him tomorrow...
And yes, it was a huge decision - this could be a whole new chapter for us!
CL of
~ Aussie & Kiwi Mums ~
Email me!
Tracy
And I know my Dad is doing fine right now. I guess it is the principal of the thing. I have worked so hard to afford life on my own as a musician and I really hoped I could do this on my own too because it would be such an accomplishment. I was thinking about it before I put the offer in and I reminded myself that the offer is my money only as is the loan along with SYB. So the loan from Dad would be to have a safety net and maybe help with a few repairs to make things more livable. I guess that is what good Dads are supposed to help with so I will need to get over it and just be extremely thankful!
Thanks for your thoughts on all of this Queenbun!
Yay City!
Thanks again for al of your great wishes!
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