Sunday, October 18, 2015

Almost Home

We are roughly 2 weeks away from the scheduled closing date of 11/2/15 back when we had a buyer for our home.  When our buyer backed out, everything fell apart and the last week I spent it working on survival plans.  Today I signed a new sales contract for another buyer.

That Was Fast
When our buyer backed out last week, we scrambled to find a solution for the missing equity I needed from my house for pushing the Ryan Homes sales through.  While I focused on that, my agent put the house back on the multi list and corrected the square footage.  I had scheduled tons of repairs for Saturday and would start showing again Sunday.  An agent called Thursday and asked to see the house Friday night.  I explained we have some repairs to make and would start showing Sunday, but if they didn't mind some moving boxes they can see the house.  They were there from 5:30 to 6:45, left us a thank you note on the napkins we have next to the cookies and bottle water we leave for buyers.  We thought it was a nice touch.  I got a call an hour later from the agent asking for a few explanations on some wear and tear of the house.  That night, they issued us an offer.  I didn't receive it until Saturday morning and spent the day thinking about it while we worked on the house.  We gave them our best price Saturday night and they accepted it.  We found a new buyer in less than a week.  This is amazing but totally wont sell before we close with Ryan Homes so that stupid bridge loan is needed.  Best part of the deal is we will be in our new home by Thanksgiving and out of the old one by end of the year.

We provided this buyer they previous home inspection report and noted all the repairs we were making even though the prior buyer is backing out of the deal.  Even though my architect says the deck isn't falling off the house and the inspector suggested repairs, we added tons of more support.  We added 10 more lag bolts and 10 more joists.  We basically doubled the amount of support this deck has.  I can't see how this deck could fall off the house now.  I think the prior buyer was just making unrealistic demands.  Here is some of my construction skills:

We poured a new concrete top of the chimney (Not fun carrying concrete up to the roof)

Doubled the number of joist


This new buyer wrote us a letter when they purchased our house.  It was very sincere and kind.  I was loosing faith in buyers as so many buyers are rude, arrogant and unreasonable.  I had first hand experience with this when I was acting as my own agent hosting open houses.  We didn't want to give them a number, we actually wrote them back.  Their agent said the wife cried when she read our letter back to them.  I'm going to make sure I leave these people all that I can and give them a good start in this house.

The Landon
The last time I was up there it was just so big and empty.  Our PM had moved the AC compressor which really meant a lot to me.  Seeing our new home in it's final phase reminds me why we did this.  My future wife already is talking how to decorate it for Christmas.  She wants two Christmas trees....I reminded her we still have to pay off our two wedding dresses.

NVR
I hope that the new sales document will help get our loan through underwriting faster.  Basically we only need the bridge for about a month which shouldn't affect things much.  Stay tuned on what NVR suggests.

Have a good rest of the weekend folks.

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