I might be broke tomorrow UPDATE

iVillage Member
Registered: 11-22-2006
I might be broke tomorrow UPDATE
83
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!
Lilypie - Personal picture

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iVillage Member
Registered: 09-01-2006
Tue, 07-15-2008 - 8:42pm

It seems to me like they should have touched base today if not just to say that the owner needed some thinking time. I have sold three properties in my life and we always responded right away


City- Right now I am thinking he is seriously considering your offer.

Rosecolouredspecs
iVillage Member
Registered: 11-22-2006
Tue, 07-15-2008 - 10:27pm
OK so I do have some answers now although they involve more waiting....LOL
So apparently my agent did finally catch up with the other guy's agent. He has been trying to reach his owner ALL DAY to set up a time to respond to my offer ( if he wants to I guess) and there has been no answer to email or phone. So they consider him a bit MIA at the moment and wonder if he is ok. I have no idea why he was in the hospital and my agent isnt comfortable asking ( it realy isnt any of our business so I get this) so I dont know whether this owner is on death's door or just in a lot of pain from a nose job. I dont know whether he is out yet or when he will be in order to view our bid and so I am a bit at an impass. So no news is good news assuming he will look at it as he gets back home. As I so bluntly pointed out yesterday nobody here gets to lounge out in the hopsital unless they are fresh out of a C section or a gunshot wound so hopefully he will be home soon and recovering. I just dont know how long I can wait with this apartment building looking like it is going to be under contract within a week. So tomorrow I am going to view more houses with my pianist helping me and we will see what else is out there.
Oh have I mentioned that my realtor is taking a cruise to Cancun starting Thursday? I am going to ask her if there is an assistant who can deal with us during this process if the MIA owner resurfaces and wants to deal. I dont want to have to wait again while she is gone plus it gives the opportunity for another offer to come in and start a bidding war although I frankly doubt that will happen in this market.
I am still shaky over all of this but I really support all of your kind words and support during this week. I am finding that I really need you guys!!!
Lilypie - Personal picture
iVillage Member
Registered: 10-07-2005
Wed, 07-16-2008 - 12:55am

No news is good news to WHO???? I'm on the edge of my seat waiting too! LOL!

You're too funny about your hospital comment- just how long they gonna keep him in there! You'll just have to remember to bite your tongue when you find out why he was in there, "that's it- you had appendicitis/ sprained ankle/ kidney stones???" LOL!

Hopefully tomorrow you get an answer!!!




Photobucket
iVillage Member
Registered: 10-01-2007
Wed, 07-16-2008 - 9:12am
Ughhh... waiting is NO fun!
iVillage Member
Registered: 05-13-2005
Wed, 07-16-2008 - 9:17am

I was just checking in for an update, too - I think we are all on the edge of our seat now!!

City - see what you have done? As soon as you know you have to come here and report - before reporting to anyone else!! LOL!!

iVillage Member
Registered: 12-06-1998
Wed, 07-16-2008 - 9:33am
Gee City, *I* am impatient, I can only imagine how *you* must be! I hope you are managing to get SOME sleep!
I think you should keep on looking at other places even though you can not make an offer. At least that way if it falls through you will have an idea of what's around.
GOOD LUCK!

 



Tracy

iVillage Member
Registered: 09-26-2005
Wed, 07-16-2008 - 9:48am

I think it's a good sign overall that you haven't heard an answer yet.

The T Girl
iVillage Member
Registered: 05-13-2005
Wed, 07-16-2008 - 9:54am
Wow Taina - congrats on being in your new place - give us an update in a new thread girl!! We want to hear how you are doing!
iVillage Member
Registered: 09-26-2005
Wed, 07-16-2008 - 10:09am
Thanks, I'll do an update thread, when I finally close and move in (Aug 6).
The T Girl
iVillage Member
Registered: 05-13-2005
Wed, 07-16-2008 - 10:12am
Okay - super!!

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