So, house #1 is a bust. We officially withdrew our offer Friday morning. The short-sale process was taking too long and, honestly, with the aptly named Ozie-Arkies (spell check that for me Tom) out back and the traffic out front, we were falling less and less in love with it. In retrospect, house #1 is too akin to the one we reside in now; wonderful to rent, iffy to purchase. Plus, the place was going to require a fair amount of work to get it to where we wanted it to be. Sadly, Labor costs money. Supplies cost money. The house itself costs money. Where this money actually would come from is anyone's guess. Unless you guessed from us, in which case I would applaud your vibrant imagination where we could live off of the cookie trees and it would rain gumdrops (yum). Combine the funding issue with a lack of time and a general disinterest in renovations of that scale, and you have a losing combination altogether.
Anyway, onward and upward...........we were poking around and found place #2. We are now in the stage where the sellers have our offer and we are awaiting word as to whether the negotiations are to begin in earnest. There is this difficult tightrope you walk when buying. You find out the cost they want to sell it at upfront, then you find the comps in the area (rarely are these two numbers congruent), and then you make an offer that you hope is not so high that they jump at it excitedly (making you feel like you are overpaying) or so low that they reject it outright. The thing that I find most difficult about this is that the response takes some time......1 or 2 business days. Then, you have the same amount of time (roughly) to respond to their response. And so on and so forth. But, we still need to sublet this place, so if it were to not come through, I would be sad but not crestfallen. The balance between finally having a place of our own and the relative savings of not having to move, sublet, and pay a higher monthly payment is difficult to accurately quantify, but still strangely compelling nonetheless. Word to follow when anything actually happens.
rmls: 8108913
link of the moment: who doesn't love the early 90s rap/dance of DJ Cool and also love the Fraggles? Like peanutbutter and jelly really :)
1 comment:
FYI - it's Okie-Arkies. As in people from Oklahoma and Arkansas. Ye olde internet says:
They called them Okies and Arkies. Soon many of these refugees from the "Dust Bowl" were called names a whole lot worse then that when Arizona and California became inundated by people desperate for work, any kind of work. Almost every American and many people around the world caught a glimpse of the Okies and the misery of these people through the book and movie "The Grapes Of Wrath". Much more truth then fiction. They had lost almost everything they owned when their farms literally blew away with the wind.
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