10-06-2016, 09:55 AM
OUR TOWNHOUSE FINALLY WENT UNDER CONTRACT!!!!
I'm pretty financially conservative and it was a big calculated risk buying a house when I still owned another. Due to HOA issues it stood on the market for longer than most in this price range and market do, but the other day an investor came in and laid down a cash offer that was only $2k off our asking price, was right in line with recent comps, with no concessions and it will close before the end of the month if all goes well with inspections
Huge load off of my shoulders and needless to say I am not in a hurry to sell another house any time soon. Although I am pretty close to our family finances, carrying two mortgages (and associated costs with two houses) even for just a month definitely made me put everything under a microscope. So hopefully all goes well and by Oct. 28th this old thing will be off the books and I can take a mini-vacation and start buying more stuff we need for the new place :thumbup:
Side note: I was in a business meeting in Dallas with our CEO when I got the text and email offer from my realtor. I told him about the offer and he was stoked for me. When I commented on how I wasn't real excited about carrying two mortgages without a renter for much longer, his response was "mortgage? what's that, I haven't seen one of those in a really long time" (says the guy who owns a beautiful chateau on 65 acres in Idaho). My response: "I hate you... hopefully someday!" :lol: :lol:
I'm pretty financially conservative and it was a big calculated risk buying a house when I still owned another. Due to HOA issues it stood on the market for longer than most in this price range and market do, but the other day an investor came in and laid down a cash offer that was only $2k off our asking price, was right in line with recent comps, with no concessions and it will close before the end of the month if all goes well with inspections
Huge load off of my shoulders and needless to say I am not in a hurry to sell another house any time soon. Although I am pretty close to our family finances, carrying two mortgages (and associated costs with two houses) even for just a month definitely made me put everything under a microscope. So hopefully all goes well and by Oct. 28th this old thing will be off the books and I can take a mini-vacation and start buying more stuff we need for the new place :thumbup:Side note: I was in a business meeting in Dallas with our CEO when I got the text and email offer from my realtor. I told him about the offer and he was stoked for me. When I commented on how I wasn't real excited about carrying two mortgages without a renter for much longer, his response was "mortgage? what's that, I haven't seen one of those in a really long time" (says the guy who owns a beautiful chateau on 65 acres in Idaho). My response: "I hate you... hopefully someday!" :lol: :lol:
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks