Monday, April 7, 2014

House Hunting, the end for now...

This is the rambler - we did make an offer (10.5% higher than the selling price), and then we sat waiting to hear from the agent... until this morning. The way I understand it, they had a half dozen offers. The people who actually got the house offered less than we did, but they had cash in their hot little hands.

Of course, I am disappointed. Now, I am leery about trying to finance another house before we get this one sold. I have gone through the panic of selling and having to find something acceptable by the time we have to hand over the keys. Banks do not lend money on fixer-uppers without collateral (this house), so buying something cheap is out. The loan officer at our bank said the payments on a 'better' home were more than we want to shell out, especially if we find another money pit, like this one. Most of the flaws and problems were hidden ones.

I found a couple fixers, but, there is that higher % interest of an equity loan. I wish I had a crystal ball or something to predict how soon this one will sell. Maybe I could relax a little.

4 comments:

  1. We sometimes think about moving but the stress would drive me crazy...crazier than I am already.

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  2. i'm sorry on the rambler! it did look really clean and nice!

    the selling and buying timing is so darn hard. it's amazing it actually happens at all.

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  3. Yes, I'm sorry too. This sounds very stressful. So maybe a break to regroup is a good idea.

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  4. This is the main reason I told my hubby when we fist got married. You pick where you want to live and pick well. Because I'm not moving. We moved like gypsies while I was growing up and I just cannot handle the stress. And I wasn't even buying then lol. Hang in there. It will happen for you xxx

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