I thought I would come back & update my thread...lots happening here. We had a new buyer come through mid July & are Under Contract again right now. They are getting our house for very cheap...about $15k lower than the Comps & what it is appraising for (we knew a current appraisal because of a buyer back in April) but we couldn't get them up to a more fair price & need to get out of here. The taxes are just killing us. It is just enough to pay what we owe & cover the sellers transfer tax etc. Of course, while we were in Attorney Review, we got a 2nd offer for $10k more, but decided that the karma of going down that route after already being in the process of another deal was not something we wanted to mess with at this point. The current buyers had already brought their family back to see the house etc. We just felt it was asking for trouble & to just let things continue the way they were going...our luck, we would have entertained the higher offer but something would have gone wrong & we would have ended up with no buyers again.
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We had already started to move forward on my father in law purchasing the house near family but things fell apart there after we did all the Inspections. (We stopped paying our Mortgage here as of 7/1 so that we could be in a position to go the Short Sale route by August) Turned out they had lied about some pretty major stuff & we tried so hard to work with them but in the end, they just didn't want to do the right thing. We lost our Inspection $ but in the long run, saved ourselves a world of headaches & $ down the road.Â
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I talk to Chase daily & update them that we now have another Buyer. Of course they still call us everyday. Our credit will take a slight hit for a 30 day late but hopefully, the sale will go through & by September, we will be all paid off & moving on. I got the official pay off amts from them as of 9/1 & 9/15 & we are good.
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We had to find another home since we actually had a buyer so we went back out & stumbled upon one that had just come on the market, still about 5 mins from my family, same price but much more house & property. Taxes are even a few hundred less. We are doing the Inspections on Tuesday there & hoping all is good. We really love this home & can see growing old there. Fingers crossed.
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Of course, once our Buyers got out of Attorney Review here the other day, the wife turned into Godzilla & is tormenting us over the agreed closing date being a week later than she wants. Grrrrr. The house we are buying doesn't want to close until 9/15 so our Buyer wants us to go rent somewhere for a week so she can close on 9/9. We tried to explain that at the price we are selling to them for, there is absolutely no $ left for us to move things twice, rent or stay in a hotel for a week & put our stuff in storage just so that she doesn't have to drive her kids 20 mins to the schools here for one week. And in the meantime, we are begging the Sellers on our new house to be out a week earlier so we don't have to deal with this woman freaking out if the closing isn't exactly as stated & she decides to serve us with Time of Essence or something crazy. She is also doing an FHA Loan which can often take longer anyway, so her Mortgage might not even be done on time & she is carrying on & sending crazy emails to everyone. Her Realtor & Attorney keep telling her to be careful because she could be the one not ready to close & we may not be too sympathetic if she doesn't just relax & let the dates fall the way they may. And of course those other buyers, who were offering us more, were flexible on the closing date...sigh. lol
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Anyway-that's where we are at right now...things kind of ended up very differently than we thought they would, but of course could all change in a split 2nd as a result of inspection stuff etc. We already did a bunch of updates after the last buyers' Inspections so we are done & have no $ left for anything they come at us with. So next week will be interesting if she wants anything updated. Â
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Dh has made some progress with some clients on the Consulting side but still hasn't found anything full time. I am working on launching my own Consulting business & will have a few ins on some waitressing gigs in my hometown once we are up there next month. And I have gotten some good hours from my friend who is a Professional Organizer doing hoarding clean outs & such. (back breaking work but good $). My father in law is helping us monthly for now & my own father (who never helps anyone) has offered to cover moving expenses. So I think we can get by for now if we can just get out of this current high tax/high mortgage situation & do this downsize.Â
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