Homebuying Questions

[crazy canuck]

Depending on what the inspection shows, it looks like I'm buying a house.

Party at Meri's 2022.

Should have the attic gaming room done by then. (Think RPG and board games rather than pool table and pingpong table.)

couldn't pay me a million dollars to visit Mideast.

Yeah, no chance it would take that much.

[merithyn]

Depending on what the inspection shows, it looks like I'm buying a house.

Party at Meri's 2022.

Should have the attic gaming room done by then. (Think RPG and board games rather than pool table and pingpong table.)

couldn't pay me a million dollars to visit Mideast.

It's the Midwest, you fucking snob.

[Grey Fox]

I agree with you, Meri. Time to bail.

[katmai]

Depending on what the inspection shows, it looks like I'm buying a house.

Party at Meri's 2022.

Should have the attic gaming room done by then. (Think RPG and board games rather than pool table and pingpong table.)

couldn't pay me a million dollars to visit Mideast.

It's the Midwest, you fucking snob.

[Valmy]

So here's where things stand:

They countered with MORE than before, offering to only pay half closing costs. So the net amount they're asking for is now $500 over asking price, rather than the $4000 under asking price they asked for before. That's a difference of $5500 in their favor. Plus, we'd have to cover over $3000 in closing costs.

The kicker, though, is that they are refusing to sign any kind of agreement until I receive a letter of pre-qualification for a mortgage. I won't receive that until next Tuesday or Wednesday, while my mortgage company does some paperwork stuff. The mortgage broker has told my realtor this, and that I'm all but qualified, but the seller wants the actual letter in hand.

Oh, and now there's another person interested in the house, and she has a pre-qual letter in hand. The problem with her is that she's already in a contract with another house, and so she'll have to see if she can break that contract before she can even put an offer in on this house.

Too much drama. I'm ready to walk. I've told them final offer: $210,000 plus $3500 closing costs and they sign a contract to that effect today. Otherwise, I'm looking elsewhere.

Already found a slightly smaller, less grandiose house for half the price down the street from that one. It needs work, but at that price, I can put in a lot to make it what I want. And maybe I won't have to deal with the bullshit the other lady is trying to put me through.

Wow. They are stupid. No wonder that house has been on the market so long.

Ah well. It was a nice dream.

[Barrister]

Already found a slightly smaller, less grandiose house for half the price down the street from that one. It needs work, but at that price, I can put in a lot to make it what I want. And maybe I won't have to deal with the bullshit the other lady is trying to put me through.

Just one man's opinion, but half the price plus some sweat equity minus some drama sounds pretty good.

One of the best homebuying decisions we ever made was we found a house we loved (but private sale), we sent a couple offers, the vendors really screwed around... we said fuck them, put in an offer on our second favourite which negotiations were quickly concluded.  Been very happy here nearly 10 years later.


A lady who is already in an agreement but needs to break it is hardly giving them any kind of leverage.

[Admiral Yi]

Come back with a counteroffer that's lower than your first by $4500.   

[merithyn]

Nah. I decided to keep looking. I'd rather a house for a little less, anyway. I can swing the mortgage I was looking at, but I'd rather not paint myself into a corner and be stuck in a job I hate because I have a mortgage I need to pay.

There are several on the market that are nice. There's always that one thing that makes me go, "Hmm... no, I don't think so...." But I'm in no rush. I will have a pre-qual letter in my hands by Wednesday at the latest, so I'll be in a better position. In the meantime, I can be patient and wait until the next nearly perfect house comes on the market.

[merithyn]

Offer given, countered, and accepted.

Closing is two days before my birthday.

The house is on East Embert Place, Peoria, listed for $110,000, if anyone wants to look it up. I got it for less. Needs a bit of work, but the bones are good.

I'm excited.

[katmai]

Meri the first rule is location, location. Location...and yours is in Peoria.


But seriously congrats on mortgage till your 60!!

[Grey Fox]

Congrats.

It's less grand than the previous one but still quite large for a single person. Much cheaper too!

What's your budget for kitchen reno?

[merithyn]

Meri the first rule is location, location. Location...and yours is in Peoria.


But seriously congrats on mortgage till your 60!!

Could be worse.

[Maladict]

Offer given, countered, and accepted.

Closing is two days before my birthday.

The house is on East Embert Place, Peoria, listed for $110,000, if anyone wants to look it up. I got it for less. Needs a bit of work, but the bones are good.

I'm excited.

Congrats!

Looks plenty bigly enough for a Languish meet 

[merithyn]

Congrats.

It's less grand than the previous one but still quite large for a single person. Much cheaper too!

What's your budget for kitchen reno?

The other one was too finished, too complete. And way too "grand" for me. I like this one much better.

Kitchen will remain as-is for the time being. Basement will be completely gutted first to make sure it's fully sealed. Then, library, then attic. Finally, kitchen/sun porch.

Total reno budget is $50k - $70k.

[Valmy]

Crazy how all the properties have lost so much value since 2003.