debthaven
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Post by debthaven on Jul 19, 2020 10:49:50 GMT -5
does that mean they're expecting a bidding war?
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TheOtherMe
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Post by TheOtherMe on Jul 19, 2020 10:57:36 GMT -5
That is my guess. Open House today. Deadline for tomorrow afternoon. Going through offers Monday evening.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 19, 2020 11:36:14 GMT -5
Good luck chiver!
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chiver78
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Post by chiver78 on Jul 19, 2020 14:12:17 GMT -5
I didn't even go upstairs. those pictures hide a lot of filth. the appliances looked a little banged up, too. and, for being a couple hundred sf larger than my old house, this one felt smaller. the agent also told me they already had one offer from yesterday. so glad i wasted my Sunday to hang around for that. 🙄
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debthaven
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Post by debthaven on Jul 19, 2020 14:41:42 GMT -5
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TheOtherMe
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Post by TheOtherMe on Jul 19, 2020 15:37:14 GMT -5
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chiver78
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Post by chiver78 on Jul 19, 2020 15:53:34 GMT -5
thanks, ladies. I will land where I'm supposed to. I did last time, even if it wasn't permanent like I had hoped. I learned a lot from that place, and got a healthy profit from its sale. onward and upward to the next adventure
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debthaven
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Post by debthaven on Jul 19, 2020 16:08:09 GMT -5
Someone selling a house in the expensive areas might be able to buy one for cash in my area, depending upon how much equity they have.
Swordguy one WIR just did that, she moved from a coastal state to the midwest and bought a home for cash. But she has her own company and works remotely ... not everyone can do that. Nidena did something similar, also moving from a coastal state to the midwest. She didn't pay cash for her home, but she bought a less expensive home than she sold, with a very affordable mortgage. But Nidena is retired military, and has a pension. Again, not everyone can pick up and move to a LCOLA just because housing is cheaper.
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megaptera
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Post by megaptera on Jul 19, 2020 17:51:50 GMT -5
Someone selling a house in the expensive areas might be able to buy one for cash in my area, depending upon how much equity they have.
Swordguy one WIR just did that, she moved from a coastal state to the midwest and bought a home for cash. But she has her own company and works remotely ... not everyone can do that. Nidena did something similar, also moving from a coastal state to the midwest. She didn't pay cash for her home, but she bought a less expensive home than she sold, with a very affordable mortgage. But Nidena is retired military, and has a pension. Again, not everyone can pick up and move to a LCOLA just because housing is cheaper. DH and I are fortunate to be in this position and we go back and forth on it all the time. We could potentially sell our current place in Seattle (area) and move back to KS and pay cash (or almost) for a house. DH could greatly reduce his work too (I'm SAHM). Additionally, most of our family is in KS (not sure that is a plus ), but I'm really enjoying the cool Seattle summer right now.
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debthaven
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Post by debthaven on Jul 19, 2020 18:06:51 GMT -5
It must be so tempting sometimes megaptera ! I'm from one VHCOLA (NY), DH is from another (London), and we live in a third (Paris). Paris is the most affordable of the three (especially since our house is paid off now). We have good healthcare here, and two of our four kids are here, so I don't see us going anywhere. ETA: The other two kids will probably eventually end up in London, which is relatively local (a 2.5h Eurostar or 7h drive).
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sealy
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Post by sealy on Jul 19, 2020 23:52:59 GMT -5
ugh - that doesn't make any sense at all! PMI is suppose to cover for decrease in home value when your LTV ratio is too high to mitigate risk on that end. sorry! Well, actually NOT PAYING the mortgage for 3 months pretty much says, "Hey, lots of risk here!" I'm not at all surprised the bank doesn't want the PMI dropped. swordguyActually it's not 'lots of risk' when they tell you that you can skip 3 months because they were going to add them to the end of your loan, which they also went back on. They said that there wouldn't be a penalty for accepting the forbearance. "no fee, no reporting as being late, and they would pay the PMI" My point was that they never told me that I would lose the opportunity to have my PMI dropped if I accepted the forbearance. So yes I was surprised when they informed me about not dropping the PMI because they said there wasn't a catch to accepting the forbearance. I'm not going to worry about it or talk about it anymore because it won't change anything now.
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Deleted
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Post by Deleted on Jul 20, 2020 10:12:19 GMT -5
I've been warning people about taking all these "kind" offers from lenders. "There's always free cheese in the mouse trap!"
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 20, 2020 11:23:13 GMT -5
It must be so tempting sometimes megaptera ! I'm from one VHCOLA (NY), DH is from another (London), and we live in a third (Paris). Paris is the most affordable of the three (especially since our house is paid off now). We have good healthcare here, and two of our four kids are here, so I don't see us going anywhere. ETA: The other two kids will probably eventually end up in London, which is relatively local (a 2.5h Eurostar or 7h drive). I could likely retire if I sold and moved somewhere LCOL. What on earth would I do there? Seems self defeating.
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Deleted
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Post by Deleted on Jul 20, 2020 11:26:07 GMT -5
It must be so tempting sometimes megaptera ! I'm from one VHCOLA (NY), DH is from another (London), and we live in a third (Paris). Paris is the most affordable of the three (especially since our house is paid off now). We have good healthcare here, and two of our four kids are here, so I don't see us going anywhere. ETA: The other two kids will probably eventually end up in London, which is relatively local (a 2.5h Eurostar or 7h drive). I could likely retire if I sold and moved somewhere LCOL. What on earth would I do there? Seems self defeating. What do you do now? There are plenty of LCOL areas that aren't one bar, one church towns in the middle of nowhere.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 20, 2020 12:52:13 GMT -5
I could likely retire if I sold and moved somewhere LCOL. What on earth would I do there? Seems self defeating. What do you do now? There are plenty of LCOL areas that aren't one bar, one church towns in the middle of nowhere.
I'm sure there are plenty of great places, but think about yourself - and you pick up and move to Chicago - plenty of bars and churches to go around. What's there for you? I'm betting nothing.
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Post by Deleted on Jul 20, 2020 13:03:10 GMT -5
What do you do now? There are plenty of LCOL areas that aren't one bar, one church towns in the middle of nowhere.
I'm sure there are plenty of great places, but think about yourself - and you pick up and move to Chicago - plenty of bars and churches to go around. What's there for you? I'm betting nothing. That's why I asked, "What do you do now?"
I couldn't live in Chicago because, horses, goats and roosters are frowned upon within city limits (I'm assuming) and I couldn't afford a house that wasn't a there.
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debthaven
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Post by debthaven on Jul 20, 2020 14:06:44 GMT -5
I think the hardest thing about relocating would be to give up a(n adult) lifetime of connections.
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TheOtherMe
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Post by TheOtherMe on Jul 20, 2020 14:07:36 GMT -5
I can't return to a big city because of cost.
I do wish there were more of the arts here, but there isn't. I had been driving to where they were but now, since the pandemic, I'm not doing that.
I much prefer being able to afford my house and to have money left over at the end of the month than the cost of things in a large metropolitan area.
I no longer like to drive in traffic. I have gotten spoiled by living in the rural Midwest.
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nidena
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Post by nidena on Jul 20, 2020 14:16:43 GMT -5
I think the hardest thing about relocating would be to give up a(n adult) lifetime of connections. Especially the professional side of those connections. I had my go-to plumber, electrician, etc. Gotta find all new now. Thankfully, my realtor knows people. One thing about being military is that you get used to friends and family moving away or not living near you. I can't imagine never moving in a life and then moving in your 40s or later. I have friends in my home town who are like that. They've never left Fresno, let alone California. Just got the internet connected at the house. It was an internet virgin. The technician even had to establish the line from the community pole in my neighbor's backyard. But I now have super fast internet. Fighting a migraine the whole time so I'm gonna take my meds and lay down.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 20, 2020 14:56:17 GMT -5
I think the hardest thing about relocating would be to give up a(n adult) lifetime of connections. exactly. starting over can be wonderful, and maybe someday I will do it - either forced or by my own determination. but right now - it just seems like a really depressing prospect - especially in a pandemic with social distancing the norm in polite society.
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sealy
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Post by sealy on Jul 20, 2020 16:59:37 GMT -5
I've been warning people about taking all these "kind" offers from lenders. "There's always free cheese in the mouse trap!" I'm finding out this is exactly true. No more "free cheese" for me. I'm paying what Dave calls a "stupid tax".
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Post by Deleted on Jul 20, 2020 20:02:52 GMT -5
I guess most of my friends are online so it doesn't matter so much where I live. I do like being close to some family, but I have family all over the country, so I'd just pick another family member to be close to (preferably the ones in Hawaii!) Other than that, I mostly just forge close relationships with my nearest neighbors and don't really have a friend group in town. Now 4 of my neighbors have died in the past 18 months and my aunt and uncle are getting to the age where they're thinking of selling the farm and downsizing to a smaller place in town. I don't think they will in the next couple of years, but I could totally see it in the next 10. Then I'm down to just a couple neighbors that I've had since moving here 20 years ago.
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seriousthistime
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Post by seriousthistime on Jul 20, 2020 21:48:10 GMT -5
About moving away from adult friends... I've done it at least a few times. With the real friends, we stay close, and sometimes "close" means months can go by without a call or text, but we pick up right where we left off. My kids also became adults, and we became "friends." Some friends dropped by the wayside, and they were only friends because I was convenient to them. If they can't bother to stay in touch or even care, they are not "friends."
It is a bit more difficult to move from a rural life, where you have livestock, to a more suburban location. But bars and restaurants and nightlife and public transport and the arts and so on can be found in a medium-size city. Look for a Midwestern university town. You can downsize and be quite happy there. There are plenty of retired intellectuals/professionals in those places, not to mention OLLI (Osher Lifelong Learning). It's a good way to meet people with common interests. They are (were, before the virus) volunteering in literacy programs, soup kitchens, food banks, etc. It is easy to find a group where you feel comfortable. You will find new friends there, and the old ones who stay in touch will come to visit, or you will visit them.
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swordguy
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Post by swordguy on Jul 20, 2020 23:35:13 GMT -5
Adopted grandmother's mortgage was fully approved and closing date is this Thursday. We'll soon be making a big payment on our mortgage when we officially sell the house to her! It's going to cost about $6,000 to make some repairs on our old home, most of which goes to the roofer. Hopefully this buyer will go the distance and we'll close on this sale mid-August.
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sealy
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Post by sealy on Jul 21, 2020 0:18:51 GMT -5
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 21, 2020 8:58:12 GMT -5
I didn't even go upstairs. those pictures hide a lot of filth. the appliances looked a little banged up, too. and, for being a couple hundred sf larger than my old house, this one felt smaller. the agent also told me they already had one offer from yesterday. so glad i wasted my Sunday to hang around for that. 🙄 can you elaborate on what you mean by filth? I did chuckle on one of the pictures because the bed was disheveled looking. you think you'd straighten out the covers and smooth them down for a pic being put on the internet...
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chiver78
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Post by chiver78 on Jul 21, 2020 9:40:04 GMT -5
I didn't even go upstairs. those pictures hide a lot of filth. the appliances looked a little banged up, too. and, for being a couple hundred sf larger than my old house, this one felt smaller. the agent also told me they already had one offer from yesterday. so glad i wasted my Sunday to hang around for that. 🙄 can you elaborate on what you mean by filth? I did chuckle on one of the pictures because the bed was disheveled looking. you think you'd straighten out the covers and smooth them down for a pic being put on the internet... I was floored - that bedroom looked exactly as it did in the picture for the open house. disheveled bed, clothes everywhere. who does that?! as far as filth - there was soap scum all over the glass door of the shower stall in what looks like the half bath (I was surprised to find a shower stall in there), rust on the door, too. the full bath upstairs (red with a tree on the curtain) had a jacuzzi tub that wasn't quite white anymore. everything just felt very gross walking through, like I'd expect anything I touched to be sticky. I was just grossed out in general. after killing time before the OH by driving around downtown, where there was hardly a traffic light, I felt like I was in another world completely. not what I was expecting for being that close to the shore and highway, that's for sure. I don't want city living, but I don't want to feel like I could hear banjos at any time either.
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Post by Deleted on Jul 21, 2020 9:55:32 GMT -5
Well, I added debt. I bought DS a laptop for school and got tempted into the Dell credit. It was 5% off the purchase and 0% financing for a year. I am planning on taking money out of his 529 to cover it, but don't plan to until the last minute that I can (end of year). I did pay off $500 of the other card though.
MPL 1/20/2020 - $8,057 MPL 2/6/20 - $6,057 MPL 2/25/20 - $4500 MPL 3/18/20 - $4000 MPL 4/21/20 - $3500 MPL 5/18/20 - $2300 MPL 6/19/20 - $1800 MPL 7/21/20 - $2422 ($1122 laptop - $500 payment on other card)
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 21, 2020 15:20:18 GMT -5
can you elaborate on what you mean by filth? I did chuckle on one of the pictures because the bed was disheveled looking. you think you'd straighten out the covers and smooth them down for a pic being put on the internet... I was floored - that bedroom looked exactly as it did in the picture for the open house. disheveled bed, clothes everywhere. who does that?! as far as filth - there was soap scum all over the glass door of the shower stall in what looks like the half bath (I was surprised to find a shower stall in there), rust on the door, too. the full bath upstairs (red with a tree on the curtain) had a jacuzzi tub that wasn't quite white anymore. everything just felt very gross walking through, like I'd expect anything I touched to be sticky. I was just grossed out in general. after killing time before the OH by driving around downtown, where there was hardly a traffic light, I felt like I was in another world completely. not what I was expecting for being that close to the shore and highway, that's for sure. I don't want city living, but I don't want to feel like I could hear banjos at any time either. glad there were a few reasons to walk away. Might have been a find if the main issue was fixed by $200ish professional deep cleaning job....
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chiver78
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Post by chiver78 on Jul 21, 2020 20:56:56 GMT -5
yeah, it was definitely more than what a deep cleaning would fix. 🤢
I'm actually going to look at two more tomorrow evening. both were listed today, and the first available distanced showings were tomorrow. yikes.
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