Bad timing

[George K]

@Horace said in Bad timing:

I wonder if George was one of the buyers who backed out.

[Horace]

We accepted the offer and the earnest money has been wired to escrow. The closing in the offer contract is set for 21 days from now. The only other hurdle is the loan contingency, but the buyer is paying 60% down so the loan is not huge. Time to start looking at movers. We'll stay at an Airbnb for a month or three, and see where we end up. I need to get a PO box in that area. Should have done that when we visited last time. I am going to attempt to hold my mail, go to Texas, Get a PO box, change my address, release my mail. Let's see how that works. Should probably go flawlessly.

[George K]

@Horace said in Bad timing:

60% down

Whoa.

[Copper]

@Horace said in Bad timing:

I am going to attempt to hold my mail, go to Texas, Get a PO box, change my address, release my mail. Let's see how that works.

For what it's worth, I had good luck with that when I moved. The post office did a good job.

I have had the mail stopped while on vacation 3 times this year, no problem.

Also, some of the places we didn't notify about our new address got the new address anyway. I assume they found out from the post office.

[Horace]

@Copper said in Bad timing:

@Horace said in Bad timing:

I am going to attempt to hold my mail, go to Texas, Get a PO box, change my address, release my mail. Let's see how that works.

For what it's worth, I had good luck with that when I moved. The post office did a good job.

I have had the mail stopped while on vacation 3 times this year, no problem.

Also, some of the places we didn't notify about our new address got the new address anyway. I assume they found out from the post office.

That's good to hear.

[89th]

Yeah I've also had good experiences with the USPS, mail forwarding, holding, etc.

@Horace a tip regarding movers. No matter how good they are, I strongly suggest placing something in one of the moving boxes that transmits a GPS location. When we moved from VA to MN (we used International Van Lines, who later subcontracted to a smaller company for the actual work) said it would take 10-14 days with fine print saying it could potentially take 4 weeks. Well the fine print was correct. It took 25 days and, almost worse, as we waited, the moving company could not provide a specific location/status of our items, only that we would be notified when they are 1-2 days away. I really wish I had put a GPS item in the boxes so I could track where stuff was on a map.

[Horace]

@89th said in Bad timing:

Yeah I've also had good experiences with the USPS, mail forwarding, holding, etc.

@Horace a tip regarding movers. No matter how good they are, I strongly suggest placing something in one of the moving boxes that transmits a GPS location. When we moved from VA to MN (we used International Van Lines, who later subcontracted to a smaller company for the actual work) said it would take 10-14 days with fine print saying it could potentially take 4 weeks. Well the fine print was correct. It took 25 days and, almost worse, as we waited, the moving company could not provide a specific location/status of our items, only that we would be notified when they are 1-2 days away. I really wish I had put a GPS item in the boxes so I could track where stuff was on a map.

Good idea, thanks 89th. Do you have suggestion for a gps tracking gadget? I've heard great things about Apple's Air Tags. Lots of TNCR posters are huge fans.

[89th]

I don't have them but yes the apple air tag should be a perfect solution. You could test it out by going to a bar and slipping the air tag into some lady's purse. Then later she will have an absolute roaring laugh about it when you show up to her door to tell her about the test.

[Horace]

@89th Great idea, thanks again. I have just the outfit. I think it would be funnier if I wear my black jump suit and balaclava. Then when I reveal myself, we'll have a huge laugh about the fact that I'm a total stranger.

[Horace]

Today is the most important day in the march towards closing. The last contingency will be removed. It was the only contingency. The loan one. I don’t think the buyer will have issues with their loan, but my understanding is that contingencies can always be used to pull out of a deal regardless of the reason. Yesterday the buyer visited our home and spent an hour absorbing the feng shui, or something. They didn’t find anything wrong, but came back with a question about whether the seller can tell them anything about the house. That question went from her agent to my agent to me, and that was my agent’s mistake to have me answer that. I wrote about the windows in need of repair, which were identified in the inspection. My agent had gotten an estimate on that repair, which came to $1000. My agent sat on this estimate, since, by our agreement when we chose her as our listing agent, she would pay for small repairs necessary for selling. We will see how the buyer reacts to this news of a thousand dollar repair. They have today to negotiate or protest or back out. Otherwise their 20k earnest money is at risk if they want to back out. I figure if push comes to shove the two agents can pay for the repair.

[Jolly]

I think it will all work out.

And now, a bright note...You'll be moved just in time for...Wait for it...

https://www.texrenfest.com

[Horace]

@Jolly said in Bad timing:

I think it will all work out.

And now, a bright note...You'll be moved just in time for...Wait for it...

https://www.texrenfest.com

I do like the ladies’ attire at those.

[89th]

Good luck Horace! When we sold our condo last year I remember the angst on the last day, hoping it would all go as planned. It did, fortunately.

[jon-nyc]

Good luck, buddy.

[Horace]

Thanks 89th and jon. I guess this is happening. The contingency was removed and the buyers will sign their closing papers tomorrow. We'll sign ours maybe a week from tomorrow? Not yet decided. I thought we'd have to leave as soon as we sign. I guess I'll settle that with the title officer, who has been more forthcoming with information than our selling agent has been. We think she has approximately 50 clients too many. Ambition meets time constraints. Her sig on her emails is "and by the way, I'm never too busy for your referrals!". Au contraire.

[Aqua Letifer]

@Horace said in Bad timing:

@Jolly said in Bad timing:

I think it will all work out.

And now, a bright note...You'll be moved just in time for...Wait for it...

https://www.texrenfest.com

I do like the ladies’ attire at those.

Texas Renn Fest is no damn joke. It's Burning Man with a theme. Crazy shit goes on there.

Cover your drinks.

[George K]

@Horace said in Bad timing:

I thought we'd have to leave as soon as we sign.

First of all, congratulations on what seems to be a done deal.

Each time I've sold a property, the contract specifies the time at which the buyer takes possession. That time is not until s/he secures funding, and that's a closing - usually 90 days hence.

Until the funds are delivered, it's your place.

You've got time.

[Horace]

@George-K said in Bad timing:

@Horace said in Bad timing:

I thought we'd have to leave as soon as we sign.

First of all, congratulations on what seems to be a done deal.

Each time I've sold a property, the contract specifies the time at which the buyer takes possession. That time is not until s/he secures funding, and that's a closing - usually 90 days hence.

Until the funds are delivered, it's your place.

You've got time.

Good to know, thanks George.

[Horace]

I'm very pleased with what we were able to get out of this place. Almost the entire COVID era housing bubble bump. Though when you look at the zillow estimate chart, it's just linear if you remove short term spikes during COVID. Same can't be said for where we're buying...

The blue circle is where we listed, and the end of the line is where we sold.

[Jolly]

@Aqua-Letifer said in Bad timing:

@Horace said in Bad timing:

@Jolly said in Bad timing:

I think it will all work out.

And now, a bright note...You'll be moved just in time for...Wait for it...

https://www.texrenfest.com

I do like the ladies’ attire at those.

Texas Renn Fest is no damn joke. It's Burning Man with a theme. Crazy shit goes on there.

Cover your drinks.

It's not quite that bad...