Monday, January 30, 2012

House Update...

Let's just start off by saying a with a huge thumbs down "BOOOOOOO!!!!"

After all these weeks of breaking my back, guzzling gas like a champ, and wearing my vans brakes to almost nubs trying to get to the realtors office before they close up for the day, I get a message from my backup realtor (the one that the main realtor delegates most of our paperwork to) saying that the underwriter needs this that and the other. Almost 3 weeks in. And in the beginning I had asked her if there is anything that the underwriter usually asks for and she was all like "La dee da dee dah - nope, you should be good." How wrong was she?

Hold on. I need to take a few deep breaths and let my blood pressure go down. Counting to 10...okay I'm good again.

Yeah, so the chick tells me that everything is all hunky dorey and meanwhile back on the ranch the underwriter needed all this stuff to get our loan approval finalized and now long story short - this morning I went and dropped off the last of our credit tradeline which tells her that we have paid our bills on time for years to our insurance Co. and that they agree and sent us a confirmation letter stating that fact. So now this Tuesday will come and go and bye bye original closing date. It looks like this is going to get pushed back to the mid to late middle of February.

For those of you just starting the process of buying a house, I would get a few of these things in line from the beginning just in case your agent pulls the same thing: bank statements from your bank for the last 12 months, proof of 3 companies you do business with currently that have all positive payment records - you paid them on time consistently sorta thing. And if you are not in the market right now but soon will be then by all means your best bet to getting in a home loan and subsequent home is by paying all of your bills on time and never missing a payment or missing a payment for more than 30 days. And that's my bit of advice for you this fine Monday morning.

But on the bright side, which I do like to look at more so than the dark side of things, some good did come out of today. The realtor who owns the office offered me a job. I am pretty enthusiastic and looking at houses has always been my thing - other than writing. If I couldn't write, then my next most favoritest job would definitely be a realtor. So he said if I get serious about the opportunity he could hook me up with a great real estate teacher dubbed "the best in the area by far" in his own words.

So hmmmmm.....I'm thinking there may be a sweet little career change in my future someday, who knows?

What do you think? Should I become a realtor? Is it ridiculously hard to truly make a buck or is it a sweet gig all the way around? Do tell me what your thoughts are on this.

Tuesday, January 17, 2012

House Update

Okay so yesterday Monday January 16, we had our first home inspection. Inspector Jim was a great help and a wealth (kinda) of knowledge. I say kinda because there were alot of things that I asked him if we could do to the house he was pretty much mum on the matters. "Could I put a tankless water heater in the laundry?" "MmmIdunno. You can certainly hire someone that can tell you all about that." Gee thanks....

But overall when it came to just the actual inspection he was all bout it, bout it and knew what he was doing and he was a great guy and did a 2 hour inspection that was super thorough and we got a nifty gifty of a whole printout book of information to take home at the end. I know you are wondering how it turned out and I will tell you now that overall - the house is a gem.

But there are also some scars on the old battlewagon as well. Since it was made in 1974 there is an old water heater from 1982 that is 15 years past its prime. Yep. 15 years. There was a small leak in one of the bathrooms, the oven is fried, and the roof is doing something mega weird which will lead to constant water damage to our back room if not addressed soon and before the rainy season arrives. Aaaaaand one of the breakers in the laundry room is backwards I believe? So yeah, to say that there are a few things that will need to be taken care of is an understatement.

Michael (the husband) is ready to walk away if the sellers don't agree to fix these things and I agree with him but at the same time it makes me sad because we have sunk so much time and money already into this little home and it would be a shame to see it all go down the drain in one fell swoop like a Florida sinkhole.

So that is the update for now. Waiting for the sellers to play ball and pay for all the stuff that needs fixing before we agree to buy the whole shebang, shebang! It's nerve racking and unsettling and it's driving me to eat cheese sticks late into the night and put the brakes on filling up the moving boxes.

Oy!

Monday, January 2, 2012

House Update

Okay so as you know we put in an offer on a purdy little old house. I mean old like built in 1974 old! And now we are just waiting for our realtors office to be back from vacation and open tomorrow - Tuesday Jan. 3 - so that we can get in there and start signing all of the paperwork that is needed to go into escrow? Am I using the right terminology?

I am so sick to my stomach lately. This whole process has been giving me agida like you would not believe. If I never have heartburn again for the rest of my life, I will be set because I have had enough this past week alone to last me a lifetime. After the offer was submitted I nearly fainted. Literally and truly, I kid you not. I got off the phone with our man Steve and then my head started swirling and all I could manage to comprehend was that we were spending more money on this one purchase than we ever have on anything in our entire lives. Combined probably too! And my body was in turmoil because of it. Thankfully, we have tons of great friends that were able to talk me off that ledge and tell me that "buyers remorse" is a real thing and that everyone goes through it, but after a little while it subsides and the excitement of moving and setting up your home kicks in and overrides that feeling.

So now I am waiting anxiously for that feeling to settle in permanently instead of coming and going as it pleases. Haha!

What about you guys? When you put in your first offer on your first place how did your body react? Any fainters out there? And how long did it take you before you heard back on the initial offer? It took us 2 and 1/2 days. It felt like forever but thankfully we did hear back.

Weigh in on this discussion. "Buyers remorse". A real thing or a bad sign? Do tell.

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