Friday, January 14, 2005

Buying a house? Better read this first:

For some reason I feel the need to document this. I guess that I’m hoping that one day we will read this and laugh.

November 12th
So, we started looking, but didn’t sell our house yet.

November 22nd
We found a house in Tuscuwilla made an offer, and got it. Then the seller decided he didn’t want to sell the house because he was pissed off that his wife was divorcing him or something.

December 13th
Our house sells for way more than we thought it would!! Great news. We really couldn’t wait to get out of that place, and now we have money to put down on the next house. Buyer says that they will rent the place back to us. That’s awesome, now we don’t have to move twice!

December 16th
Found a nice house in Longwood in a great little subdivision.

December 17th
Made an off of 217,000. They’re asked 218,900, but they accepted it.

Later that week
Buyer says that she needs to be in our house on the 23rd of December. We did not have anything in the contract that said that she had to rent the place back from her. So now we’re packing up and moving out just two days before Christmas, but this is not too bad because we’re staying with the in-laws, and we save some money by not having to rent our house back.

December 23rd
We get the news that the in-laws are not getting along, and are splitting up. We decide to stay for Christmas and leave on the 26th to go stay with Michele (my niece) and her husband, and one of my best friends John.

December 26th
Moved in with John and Michele and their three boys ranging in ages from 2 – 11. Including my kids that’s 9 of us under one roof. It’s all good though. Oh, and two dogs that didn’t get along at first, but they’re friends now.

Later that week
The house in Longwood did not appraise. But, since this is a conventional loan, the bank doesn’t care as long as you’re putting money down. We liked the house, and the area. This ends up being a mistake later, but it works out ok.

Week of January 10th (pretty much Monday through Friday)
The Title Company calls and says that we need an additional $3,600 at closing because this is the difference between what the loan is for and what the house appraised for. No one saw this coming…we didn’t want to come up with the money because the though the seller should go down on the price since the house didn’t appraise. We tell them that we wont buy the house unless they lower the price, and explained why. Maybe they’ll understand that it’s not us, it’s the bank. We went back and forth a few times, and the seller finally decided to lower the price. On Friday, the seller calls the realtor, and says that the want the house appraisal re-done because they felt the house is worth the extra $4,000. We started think that we were willing to pay this 217,000 for the house even though it didn’t appraise, we just didn’t do it because of the extra money they wanted at closing. Maybe we should see if someone will appraise it higher, then the bank will finance the entire price minus the money we’re putting down. After a few hours of discussions at my desk with co-workers and with Tracy and the Realtor, we decided to call it quits, and cancel the contract.

Today
Looking for another house.

So, that’s the story, I’m sure no one will read this, and that’s okay because most of it doesn’t make sense. Actually looking at houses is very fun, it's just the buying part that's a pain in the ass. We are very optimistic, and we will find something soon. I’m sure.

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