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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City - congrats on making the offer - how exciting. From all you have written, I think you have your ducks in a huddle better than most - you have really worked hard on a budget, you have left yourself wiggle room for the offer/counter offer, you know your no-go point, your wonderful dad is helping you, you can make it on your own if you have to, and you really like this house!! And it doesn't sound like it is that much more than rent - but best of all you will gain equity and will be able to write off the interest.
You are going to be a homeowner girl - yahooooo!!
And like you and the others say - if something falls through on this one, there is another one - although from what you type I really don't think that will be the case unless there is like a huge dragon with 10 heads in the cellar or something. Your offer is close and the market is definitely in your favor right now - you picked a GREAT time to buy.
I really think you are going to be fine no matter what happens!!
I am hoping you are right. Heres a bit of an issue that just got revealed though. So you know how I went to go visit the house for a second viewing before I decided what to offer? Well if was early Sat morning and I remember thinking "wow, nice of him to let us come at that hour" Turns out he ( the owner)was in the hospital. Maybe still is and who knows why he is in there - I dont think we can get that info. So that could possibly hold things up a little! Just my luck - I wonder if it is possible for anything in my life to happen simply! I mean I dont know the age of this guy so what if he died? :(
i found myself talking to SYB this morning by chat messenger because there is no cell service where he is and he asked when the guy was getting out of the hospital or if I knew and I said without thinking "well unless he had a baby or a gunshot he should have been out by Sunday, right?" I am horrible! and on chat it came across kind of like here - no way to cushion it since it is just blunt and words. Luckily SYB laughed and said "uh yea, dont say that to the agent" But you knwo what? I think I am right. They dont keep you in the hospital for anything really anymore unless you are on death's door or bringing more humans to the planet and even then it is less than 2 days. So hopefully I will have some news today to update with! This might also explain the state of the house a bit.
I really love waiting....a lot.....can you tell?
My DS is coming back tonight so I have the day to practice violin and hopefully negotiate this deal in peace. Monty is a wreck without SYB and DS here - he has been pacing and isnt eating. He had a lot of trouble going to bed last night since SYB comes home very late - I think MOnty was waiting for him to come home. I had to get very stern with him and came very close to taking him into bed. Thank God I didnt do that!!!
Oh wow - that is a twist. But if he was in there for the weekend that could explain it - they often have to run tests and there is no doc on hand to release you until Monday - that happened to someone I know.
Hang in there - it could just be a matter that gets held up for a few weeks. I still think you would be okay no matter what - and if not this one then another one. There are plenty of houses for sale right now and the longer you wait the lower the price goes.
I just had to laugh when I found out because life is never simple over here! It is kind of predictable that there will be some twisty thing in the midst of something trying to work out for me!
I will just try try try to do other things today and keep my phone on. My agent must have said that ten times - for me to keep my phone nearby:)
I also still have paperwork and banking to do to prepare for it really going through. It will be good to get that out of the way. Like printing out bank statements and stuff like that. tedious but necessary stuff.
Poor Monty is depressed so I think we will take a long walk in the park today too....it is nice here today!
I think a long walk will do you and Monty a lot of good!!
I think that any real estate deal is full of twists - it is just the nature of the beast. Sounds like yours will just be about time.
Keep us posted!!!!
Oh wow City!!
I bet you are hanging on the edge of your seat!!!!
I have my fingers crossed for you!!!!!
Either way I am leaving here at 2 once it cools down to take Montus for a huge walk. I need it and so does he whether he knows it or not. He is so lazy. I swear he would just sit here and drool on my foot all day. he seems to have accepted for the time being that it is just me and him for a while....no DS and no SYB for Montus to play with and drool on!
My DS is coming home today rather than yesterday so we sholud have some fun tonight. Maybe I will even have some good news for him! He love the house and said it reminded him of a wooden diamond -
Aww! That is sweet! How wonderful to be able to make him feel happy and comfortable in a home he likes, too. Would he change school districts?
I sooo much want to own a place for dd and I. In this town it is next to impossible to own. I would have to either move out of town, win the lottery, or marry a millionaire, lol.
Good luck in helping the student recieve her competition award money. Good thing she has you in her corner. The clinic I work for used to accept grant money for patients in need, but due to the lengthy process it takes sometimes for non-profs to pay the clinic, they have all but nixed allowing patients to use them. That makes me sad but I have no say in it!
Good vibes coming your way. I bet you will JUMP when the phine rings! lol!
Best of luck, but be patient! It took my seller a week to answer my first offer, and yes It was such a nail bitter!
That's great that you're only going to be paying $500 more, I'm going to be paying double my rent, with next to no wiggle room, so you're really in great shape.
I close in a couple of weeks, and I'm so nerveous! I go back and fourth between, I'm getting in over my head, to I can't wait! You will go through so many emotions, it's not even funny!
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