CT: Would you hope the seller fixes, would you walk, or would you run from the deal? (contingencies, lawyers)
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Still to many variables still to make a purchase such as this, and much more urgent things they will need after closing, washer/dryer, paint, yard tools. They already have a couch. And I bet closing is still a month out.
Quote:
Originally Posted by JimG2
Oh, and his mother isn't happy about the purchase either. Now is not the time to buy things foolishly.
So...A young man is being a grown up, making his own decision with his GF about where they want to put down roots and raise his son.
There are things to lament, but this isn't one of them.
I mean really, there are some people that go into these things loaded for bear, but plenty of others don't have any idea what they're in for, and oftentimes when they do, still end up surprised.
Ask me about fixing a broken pipe at 10 PM the week we closed on the house. No, I'm not a plumber but I learned in a hurry with an irritated wife and no water in the house.
* Some repairs were getting done, but on Tuesday, the part of the state where the house is located received 18-20 inches of snow. If the seller didn't hire somebody to plow the 300ft driveway, the house is inaccessible.
* The kids (my stepson and his wife) had already informed the property manager at their apartment building that they were moving out because they were buying a house.......but there is no closing date....
* And a day or two ago the kids found an eviction notice taped to their door from the property manager....
* And I found out that the daughter in law, who maybe had 1 or 2 semesters left to get her associates degree, put that on hold because they were "buying a house". Once they discover the real financial hit from buying the big house in the woods, she's never going back to get her associates degree, let alone move on to get a bachelors.
This whole thing is a major klusterphuk, FUBAR, but I'm a level removed from it as "step dad". But if this closing ever happens, I will be there at daybreak in my painting clothes if they have materials together to paint. Sounds like they will be forced to close and move right in, not taking a week or two to paint and such. (did I mention the stepson wants to scrape the popcorn texture off of the ceilings? Imagine doing that with furniture in the rooms).
Jim, it sounds like things are going along pretty normally! The eviction notice is a little unusual, but I'm going to take that one with a grain of salt. No matter how negatively you try to spin these updates, I can still find good news in them, in spite of you! Sorry! Good luck to them! One day at a time, working around the obstacles and naysayers, always toward the goal!
As soon as I see a positive update, I'll let you all know.....
I don't think this is going to end well... that eviction notice should be an eye opening development. Why would they announce their intention to depart their current home in such an open-ended fashion with no firm closing date identified? I suspect the property manager is just assuming 30 day notice.
I don't think this is going to end well... that eviction notice should be an eye opening development. Why would they announce their intention to depart their current home in such an open-ended fashion with no firm closing date identified? I suspect the property manager is just assuming 30 day notice.
I'll bet they didn't pay their March rent........thinking - wrongly - that their "last" as in "first and last" or one month security deposit would cover the rent.
Without a mortgage commitment and closing date, they aren't going anywhere..
They may not have a firm closing date until the end. That's not scary necessarily. I don't know how contracts are written there, but they are many times written with a closing date "or sooner" and the date is not finalized until their loan is through underwriting and is actually "clear to close". Lots of little steps to get there.
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