Narced

Wednesday, June 21, 2006

6 days and 16 days

6 More Days Until We Close on Our House!!! What a very stressful time this has been. About 2 months ago we found our "perfect" house. It was perfect except there was already a contract on it. But then we learned about 1st Right Refusal. So, we put a back up contract on the house. Then we immediatly went to work to put the Condo up for sale. We debated whether or not to use a realtor... Looking at how much 6% would be - easily helped us decide - not to use a realtor. So 4 weeks later the condo is SOLD and in the nick of time -- the condo sold on the same day as we were about to sign up to go with a realtor. So, would the condo have sold faster if we would have used a realtor and paid a 6% commission? I don't think so. Many of the condo's that recently sold in our Neighborhood took about 2 months to sell and there is 1,2 that are still for sale and all are priced about the same as we priced ours. So what about the 1st Right Refusal -- It Sucks!! Basically, you have a contract on a house - and in our case our was the backup contract - but really that doesnt mean a thing. Anyone can buy the house from under you if they don't have a contigency. And in our case the contigency was selling the condo. Well as it turns out the 1st contract folks tried for a couple of months to sell there house and at the end of May there contract expired and they still had not sold - So, we became 1st Right. 2 weeks later - The sellers agents called and said they have another contract on the house and they dont have a contigency. WHAT THE!! What does that mean - it means we had 24 hours to sell our house or we will lose it. 2 hours later after hearing that news another realtor calls us and says they are bringing someone over... 4 hours later we recieved a contract on the condo. The house is ours!!! Some people call that Lucky -- We call it Faith!!
So after weeks of Home inspections, Termite Inspections, Addendums, Addendums, and Paystub this and W2 here, Chimney Sweeps -- We are Done!!! 6 days to close and 16 days until a very much needed vacation in FLA!!!!

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