Yeah, the house purchasing crappola continues. For
point of information House #2 is owned by the VA and House #1 is owned by
Fannie Mae. No real human beings seem to be involved on the
seller's end beyond the listing agents.
The listing agents must not be motivated by commission otherwise their
lackluster performances make no sense.
Perhaps they get a flat fee from these large government organizations
when they work for them, and that is why they do not seem to care? Or
maybe it is because the organizations are so large and impersonal that they do
not make decisions quickly? It is hard to say. Like John Snow (Game of Thrones) I know
nothing.
House #2 (VA):
This is a truly great house and we like it best; however, it
is a little too big for us and has been sitting empty for a few years. Consequently, it needs a significant
amount of work, and the purchase price is more than House #1 (which is move-in
ready). When we first looked at it
and decided to put an offer down we could see all the rooms had to be painted
and it needed new carpeting throughout.
We also saw amazing potential both inside and out. Great house. After inspection, it became clear it needs new roof, new
a/c, and the pool area would need a LOT of work: big bucks. We were willing to get the additional
repairs and refurbishing done, but we needed the VA to come down in price
somewhat to make it worth our while. It would have been a show of
good faith on the part of the sellers.
Last Friday, after waiting nearly two weeks for their response, they
finally got back to us with a measly reduction. They made the
statement they would rather put the house back on the market than come down
anymore on the purchase price. We got the message. Since we are retirees on a fixed income
that meant the house would quickly become a money pit for us. We were still considering it, though,
because we like the house. Then
Divine Providence intervened and our path became clear: the deal breaker for me
was the following. Last Friday we
went with our lovely real estate agent, TM, to House #2 to look at it one last
time before making a decision.
The neighbors out back know our lovely real estate agent, TM, because
they go to the same church.
When we went out back to the pool we were talking to TM and the neighbors
were in their pool and heard her voice.
They then started talking to TM through the fence from their yard. Well, I have lived in the country the
last 24 years without close neighbors.
I am loud, crass, and working class and so are most of my friends and
family. We cannot be repressed,
nor would we want to be. I am not
used to neighbors hearing what I am saying in my own back yard. Some of T and my most spectacular
arguments have been outside on the deck up north. I like arguing outside. I do not want to whisper when I am playing with my grandkids
in the pool. Ick. This soured me on House #2. I do not want to live there. I do not want to spend all our
discretionary retirement income fixing it up. Too bad, so sad. Moving on now.
House #1 (Fannie Mae - the house we thought we had before we left NYS):
This house is a little smaller than House #2, but the lots
in the subdivision are bigger and houses are further apart. The houses on either side do not
have pools, so “they” will not be sitting outside in the blazing Florida heat
listening to us, even though I KNOW “they” want to. We are simply not interesting enough to risk sunburn and
dehydration for. The house behind
us has a small pool far enough away that they would have to walk all the way to
the fence (outside their pool area) to hear what we are saying. The lot is totally fenced in on all
sides out back. I will never have
to see or even meet my neighbors beyond a quick wave and a “Hi there” if I do not want to. Yes, these are the things I worry
about. Welcome to my
neuroses. I am a big nut, I know,
but it is hard for a country girl to get used to suburban living. If you are also a country girl, ya’ll
know what I mean. Yes, I just
spoke Southern. I am
Southern now. Deal with it.
As I mentioned in an earlier blog post, House #1 went back
on the market last week and the listing agent called our lovely realtor TM wanting
to know if we would like to make an offer. Of course at first I was angry;
Angry is my middle name. Hot-Head
is the name I took for Confirmation.
If you say my first name first, middle name second, Confirmation name
third, and my last name last you get a pretty clear idea of whom I am. And I only used the word “whom” because
my spell checker forced me to.
I
digress. It quickly became clear
that House #2 was not going to happen, so we made yet another offer on House #1
– offering the same terms/price that our previous contract had agreed upon.
They immediately got back to our realtor and accepted it. There was no
haggling and no counter offer. I was caught off guard; astounded
really. I was looking for a
fight. We went to see House #1 and
noticed that the sliding glass door was stuck and asked them to fix it - they
did it the next day. We asked for proof of title (to make sure they
actually own it now) and they provided it immediately. It has new a/c,
new water heater, and new carpeting throughout thanks to our previous two
offers/negotiations. The
roof was new in 2008. We can move our stuff in without having
to do any major repairs or refurbishing beforehand (we will paint rooms over
time). So we are going for it. Or maybe this is a dream, hard to
tell these days. We should have a
signed contract today.
We have not forgotten that Fannie Mae cost us
money, inconvenience, and anxiety in the past few months, but we always wanted
this house to be our retirement home. In fact, this is the third
offer we have made on it. The first time we walked away from it because
they would not come down from their initial absurd asking price and also would not make some necessary repairs when the old water heater broke. The
second time they did come down in price to our liking and fixed the things that were wrong, but then it turned out
they did not have title and could not sell it to us. (I still can’t get over that, by the way, it boggles the mind.) Hopefully the third time works. Hopefully we are not just brain-fried old suckers opening
ourselves up for more hurt. The only downside is our lender needs to
start from scratch with this offer – she is unable to just reopen a closed file,
so it may be as much as 30 days before we can close and move in. But at
least the reason is on our end and not the sellers. Sigh. But (again, hopefully) perhaps there is an
end in sight. This has been nuts.