Bad timing
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@89th said in Bad timing:
@Doctor-Phibes yeah that’s annoying. But, hopefully minor and temporary. Hope the new place is rewarding to fix and make your own
@Horace When is the updated appraisal expected?
Tomorrow. Or never, in which case we have a Mexican standoff where I threaten them that they will have to keep my 25k earnest money if they don’t reduce their price.
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@89th said in Bad timing:
Hope the new place is rewarding to fix and make your own
I'm actually really enjoying it, although it's been a lot of work. The previous owners appear to have been absolute slobs, but the fundamentals are good.
On Sunday I removed this absolutely horrifically colored, and very dirty, bright pink carpet from one of the bedrooms, uncovering a pretty much pristine hardwood floor underneath. It appears to have been untouched since about 1980. So there are some nice surprises, along with the less nice ones. I have found and disposed of more discarded dental-floss applicators than I care to think about. After a while you stop pulling a face over the discovery.
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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According to the closing sheet, our agent is getting 3% commission. That will be a topic of conversation if it is ever suggested that I pony up the 1%. I am sure he will jump at the chance to finally make himself useful, beyond doing MLS searches we could have done ourselves.
Education is extremely important.
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@Doctor-Phibes said in Bad timing:
@89th said in Bad timing:
Hope the new place is rewarding to fix and make your own
I'm actually really enjoying it, although it's been a lot of work. The previous owners appear to have been absolute slobs, but the fundamentals are good.
On Sunday I removed this absolutely horrifically colored, and very dirty, bright pink carpet from one of the bedrooms, uncovering a pretty much pristine hardwood floor underneath. It appears to have been untouched since about 1980. So there are some nice surprises, along with the less nice ones. I have found and disposed of more discarded dental-floss applicators than I care to think about. After a while you stop pulling a face over the discovery.
That is a nice surprise (the floor, not the floss). Our previous owners also had a few areas they didn't maintain, so it's been nice to fix and refresh areas that we can make our own. They also really had a style that resulted in many very heavy (literally) and dark window dressings. It was fun (and dusty, and spider-y) to remove those to expose the really nice, bright, and wood-trimmed windows in a few rooms.
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Education is extremely important.
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I rescheduled the move for Monday. Now we wait to see if the appraiser changes his mind, and we can close Friday. If he doesn’t, the builder is still in the drivers seat with our abnormally large amount of earnest money and no contingencies. And the salesperson is off in her own righteous reality where she believes the price drop she has already allowed is generous to a fault. Never mind the appraisal that was lower. It’s just an absurd appraisal, according to her.
Education is extremely important.
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@Horace She sure likes exaggeration. Absurd would be like $300,000 low. Just as I'm sure any lower offer she's heard of in the past was "insulting". Insulting would be "I offer you $100, which you should recognize because it came from your mother last night!"
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@89th said in Bad timing:
@Horace She sure likes exaggeration. Absurd would be like $300,000 low. Just as I'm sure any lower offer she's heard of in the past was "insulting". Insulting would be "I offer you $100, which you should recognize because it came from your mother last night!"
Stealing that one for use in future negotiations. Thanks.
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@jon-nyc said in Bad timing:
Makes for an exciting game of chicken on that 1%.
The wild card is that my wife doesn't like the house to begin with. The builder and our agent don't truly understand how precarious this deal is, even given the earnest money is at peril.
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"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@George-K said in Bad timing:
Link to video
It's all good no matter what happens. If we walk away rather than make a small financial sacrifice, I score points and she is happy that the horizon is clear to pursue her dream house. If the appraisal is adjusted, we go forward with the current deal. If the agent and builder chip in to make up the 1% difference with the current appraisal, we got a slightly better deal and she feels like she won this small battle with the builder.
Education is extremely important.
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@89th said in Bad timing:
@Horace I require 1x updates today
Me too. I’m just waiting in fascination at the lack of updates from the builder. Close is scheduled for 5 hours from now. Lacking further updates, I will bring a cashiers check which will be insufficient by the 1% at play. I expect an update within the next few hours though.
Update as I wrote this, the builder salesperson is confident the appraisal will be raised. She says the dirty Puerto Rican appraiser was late and did a bad job but his supervisor is cooperative.
So that sucks for us. It means we sacrificed our moving weekend plans just to allow the builder to charge us more.
Education is extremely important.
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@Horace said in Bad timing:
Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
At long last, our national nightmare is over.
Now, all you have to do is convince the spousal unit that the place will be OK.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
