Tag Archives: home

Delays, delays

We’re in the process of buying a house.

We were aiming to close around July 15th.  Then we decided we weren’t really settled on our mortgage.  Our initial lender started to leave a bad taste in our mouth over a few things, and then we found a much better deal, anyway.  So they did a rush job to get us through the underwriting and we got our final approval (meaning we were all ready to schedule the closing, on our end) on the 15th.

The house is currently owned by a divorced couple.  So, on their side are two sets of signatures, and two sets of lawyers, and a lot of animosity and very little talking between the ex-husband and ex-wife.  Once we had our mortgage stuff all straightened out and stuff,  though, it turns out there was some paperwork on the sellers’ end that the wife hadn’t signed yet, and no one would commit to getting it done by tomorrow, the earliest we could close.

So next week then.  Right?  Wrong.  The husband’s lawyer, who is the main lawyer handling the transaction for the sellers, is going on vacation all week next week.

Then our realtor will be on vacation until Monday the 28th, slightly interfering with our ability to do a final walk-through and potentially mitigating any issues that might arise from the walk-through.

That means the earliest we can now close is Tuesday the 29th, assuming both our lawyer and their lawyer are available.

Yes, a bit of this is our fault because we switched lenders at the last minute — but it looks like they still weren’t ready for us even if we’d gotten the mortgage stuff sorted out earlier.

I can’t really say I’m annoyed… though I am.  I’m more exasperated, and wearing thin on patience.  I just really want to be out of this apartment and into our own house, and I want to get started on making the new house our own.  We know the couple we’re buying the house from, so Frank is going to call the husband and see about maybe getting in there before the closing to start doing some of the painting we want to do.  Maybe we at least can get a head start.

Movin’ on up

I am pretty sure I’d mentioned our interest in buying the house next door to our in-laws, but let me summarize anyway, to refresh or inform any newbies.

Two weeks after we moved up here and into our apartment, the house next door to my in-laws went on the market.  At first we were both apprehensive about the idea of living right next door to the in-laws, but after a while the idea grew on us.  The only problem was that the house was just a little out of our price range, even with the help from Frank’s parents on the table.

The people who are selling the house next door are family friends; Frank was best friends with their son growing up.  Frank broke his ankle in their backyard, the son was a groomsman in our wedding, and the parents attended.  They are nice people.  Unfortunately, they are selling the house because they are divorcing… one of those situations where they’d just grown apart, it seems.  The kids convinced them to get divorced sort of thing.

Frank called the dad, whose name is Mark, and talked about the house.  They came to an agreement of sorts, months back, that while the house was a little too expensive for us, they would still give us the opportunity to match any offer that came their way.

Thing is, though, there have been no offers.  So they lowered the price.  And there were still no offers.  So they lowered their price again.

Gotta love today’s real estate market.

Then came today.  And they got an offer for $515,000 – $35,000 below their current asking price.  Mark called Frank and basically said that rather than haggle with this other guy, could Frank offer him $520,000 for the house and we’d call it a day?  Well, he could, and we are.  It’s not official yet, but soon we will have an official offer in and then, hopefully soon, be under contract for the house.  Probably closing within 60 days.

Can you say yay?  I can!  Yay!!!

Yay!

Yay!

Yay!

The cool thing is, too, that because they’re selling the house because of a divorce, they left a lot of the furniture behind because they both moved into smaller places.  They’re going to give us whatever is still in the house.  None of it is super new, but it’s certainly in good condition and useable if we want to use it.  A master bedroom set, a couple other twin beds that were their kids’, a treadmill, and a big leather sectional in the family room.  I’m also hoping beyond hope they left their dining room set, because it is AWFUL.  I mean, horrendously, cheesily AWFUL.  First, there is a hutch that is like peach-colored either formica or some sort of veneer – I haven’t gotten close enough to it to really inspect it.  But the table set is the coup de gras.  It is a glass table top on a similar-material-to-the-hutch pedestal.  And the chairs.  Oh, the chairs.  They are acrylic.  Clear, perfectly see-through acrylic.  Their whole dining room is just ultra-hip from 1982.  It looks like the kind of thing that would have been in a Vanilla Ice video or something, because he would want to look refined and elegant and rich but didn’t want to appear dowdy.  The set is totally the fishizzle.  Or something.   I just want the stuff because it’s so bad it’s awesome.  I will offer photographic evidence if I get the opportunity.