Updates on housing purchases
Feb. 26th, 2010 09:47 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
johnpalmerAs expected, it's pretty anti-climactic.
The buyer and seller were both good folks of good will who wanted to make a deal, and truly were being stymied by circumstance. The big problem was that, honestly, we're both tapped out. He's trying to manage his grandmother's estate; he's got expenses he can't just cover. And me, well, I've tapped all of the resources the bank will let me in covering this.
On the one hand, I felt a bit - just a bit - bad going in loaded for bear. But I might have been facing a bear... and when it turned out I was just facing another guy, trying to do what's right, well, I hope no one who knows me thinks that there was a chance in hell we wouldn't figure out something to put this together.
In the end, I think I'm overpaying a bit for the house - but I also think it's worth it. Housing markets *are* important; you can't *way* overspend for your house (even if the bank lets you). But there's also some squishy space between "you were generous, in order to get what you want," and "you overspent".
And it sounds like this might take a big chunk of worry off of a decent guy's plate, get some local contractors a fair amount of work, and get me a house I can afford, and live in without being afraid. And honestly - I think this might have saved the house. I don't know what would have happened if someone didn't buy it, willing to do the necessary repairs, fairly soon.
I'm probably supposed to shout YAY! or something, but, honestly, I'm too tired... so, feel free to say it for me :-).
The buyer and seller were both good folks of good will who wanted to make a deal, and truly were being stymied by circumstance. The big problem was that, honestly, we're both tapped out. He's trying to manage his grandmother's estate; he's got expenses he can't just cover. And me, well, I've tapped all of the resources the bank will let me in covering this.
On the one hand, I felt a bit - just a bit - bad going in loaded for bear. But I might have been facing a bear... and when it turned out I was just facing another guy, trying to do what's right, well, I hope no one who knows me thinks that there was a chance in hell we wouldn't figure out something to put this together.
In the end, I think I'm overpaying a bit for the house - but I also think it's worth it. Housing markets *are* important; you can't *way* overspend for your house (even if the bank lets you). But there's also some squishy space between "you were generous, in order to get what you want," and "you overspent".
And it sounds like this might take a big chunk of worry off of a decent guy's plate, get some local contractors a fair amount of work, and get me a house I can afford, and live in without being afraid. And honestly - I think this might have saved the house. I don't know what would have happened if someone didn't buy it, willing to do the necessary repairs, fairly soon.
I'm probably supposed to shout YAY! or something, but, honestly, I'm too tired... so, feel free to say it for me :-).
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Date: 2010-02-27 05:50 am (UTC)no subject
Date: 2010-02-27 06:08 am (UTC)Also, I want house details. I love houses.
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Date: 2010-02-27 06:18 am (UTC)no subject
Date: 2010-02-27 06:21 am (UTC)I'm pleased to hear that it sounds like it worked out well for both parties. Those are the best deals of all.
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Date: 2010-02-27 06:46 am (UTC)And raise a lovely glass of the pinot gris we drank with our dinner; there's some left.
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Date: 2010-02-27 07:29 am (UTC)no subject
Date: 2010-02-27 04:35 pm (UTC)no subject
Date: 2010-02-27 07:43 am (UTC)no subject
Date: 2010-02-27 09:50 am (UTC)I hope I get a tour, or something, if you guys do a "housewarming" sort of thing... for this, I'd even bake & bring a chocolate decadence, and I don't do those that often anymore. *grin*
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Date: 2010-02-27 10:41 am (UTC)no subject
Date: 2010-02-27 02:12 pm (UTC)(Per request. We're reasonable people, always ready to help.)
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Date: 2010-02-27 02:46 pm (UTC)no subject
Date: 2010-02-27 05:16 pm (UTC)YAY! :)
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Date: 2010-02-27 06:14 pm (UTC)no subject
Date: 2010-02-27 08:45 pm (UTC)Congratulations!
Date: 2010-02-27 11:12 pm (UTC)Over the years, I've started to think that buying a house is an investment in a kind of lifestyle that's got deeper roots than you can get with apartment life. I think it will agree with you.
Congratulations, and I'm looking forward to hearing more about your adventures in home ownership!
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Date: 2010-02-28 12:00 am (UTC)Being loaded for bear is prudent. So is not shooting unnecessarily.
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Date: 2010-02-28 12:11 am (UTC)Oh, well said! And also, YAY!
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Date: 2010-02-28 12:30 am (UTC)no subject
Date: 2010-02-28 08:46 pm (UTC)