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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Bad timing

Bad timing

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  • 89th8 Offline
    89th8 Offline
    89th
    wrote on last edited by
    #62

    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.

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #63

      Good luck, buddy.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • HoraceH Offline
        HoraceH Offline
        Horace
        wrote on last edited by Horace
        #64

        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.

        Education is extremely important.

        George KG 1 Reply Last reply
        • HoraceH 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.

          Aqua LetiferA Offline
          Aqua LetiferA Offline
          Aqua Letifer
          wrote on last edited by
          #65

          @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.

          Please love yourself.

          JollyJ 1 Reply Last reply
          • HoraceH 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.

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #66

            @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.

            "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.

            HoraceH 1 Reply Last reply
            • George KG 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.

              HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by
              #67

              @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.

              Education is extremely important.

              1 Reply Last reply
              • HoraceH Offline
                HoraceH Offline
                Horace
                wrote on last edited by Horace
                #68

                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.

                Clipboard01.jpg

                Education is extremely important.

                Doctor PhibesD 1 Reply Last reply
                • Aqua LetiferA 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.

                  JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #69

                  @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...

                  “Cry havoc and let slip the DOGE of war!”

                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                  Aqua LetiferA 1 Reply Last reply
                  • JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote on last edited by
                    #70

                    At least Horace should be down in time for hurricane season.😁 😁

                    “Cry havoc and let slip the DOGE of war!”

                    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                    HoraceH 1 Reply Last reply
                    • HoraceH 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.

                      Clipboard01.jpg

                      Doctor PhibesD Offline
                      Doctor PhibesD Offline
                      Doctor Phibes
                      wrote on last edited by
                      #71

                      @Horace said in Bad timing:

                      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...

                      Congratulations, Horace. Ours goes on the market the end of next week...more frighteningly, we're expected to close on the new one in 4 weeks time, so I'm likely to end up owning two houses for a hopefully very short period of time. I try not to lie awake at 5am thinking about this.

                      I was only joking

                      HoraceH George KG 2 Replies Last reply
                      • JollyJ Jolly

                        At least Horace should be down in time for hurricane season.😁 😁

                        HoraceH Offline
                        HoraceH Offline
                        Horace
                        wrote on last edited by
                        #72

                        @Jolly said in Bad timing:

                        At least Horace should be down in time for hurricane season.😁 😁

                        I'm looking forward to rain storms... we'll have a big back patio and a big pond back there that I think will be beautiful during the rain.

                        Education is extremely important.

                        JollyJ 1 Reply Last reply
                        • JollyJ 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...

                          Aqua LetiferA Offline
                          Aqua LetiferA Offline
                          Aqua Letifer
                          wrote on last edited by
                          #73

                          @Jolly said in Bad timing:

                          @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...

                          Go as cast or a boothie and we'll compare notes.

                          Please love yourself.

                          1 Reply Last reply
                          • Doctor PhibesD Doctor Phibes

                            @Horace said in Bad timing:

                            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...

                            Congratulations, Horace. Ours goes on the market the end of next week...more frighteningly, we're expected to close on the new one in 4 weeks time, so I'm likely to end up owning two houses for a hopefully very short period of time. I try not to lie awake at 5am thinking about this.

                            HoraceH Offline
                            HoraceH Offline
                            Horace
                            wrote on last edited by
                            #74

                            @Doctor-Phibes said in Bad timing:

                            @Horace said in Bad timing:

                            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...

                            Congratulations, Horace. Ours goes on the market the end of next week...more frighteningly, we're expected to close on the new one in 4 weeks time, so I'm likely to end up owning two houses for a hopefully very short period of time. I try not to lie awake at 5am thinking about this.

                            Good luck! I think it's good to get on the market asap. But a crash is not imminent. Stay away from youtube videos about the real estate market, btw.

                            Education is extremely important.

                            Doctor PhibesD 1 Reply Last reply
                            • Doctor PhibesD Doctor Phibes

                              @Horace said in Bad timing:

                              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...

                              Congratulations, Horace. Ours goes on the market the end of next week...more frighteningly, we're expected to close on the new one in 4 weeks time, so I'm likely to end up owning two houses for a hopefully very short period of time. I try not to lie awake at 5am thinking about this.

                              George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #75

                              @Doctor-Phibes said in Bad timing:

                              end up owning two houses for a hopefully very short period of time

                              I did that...twice.

                              The second time I ended up renting the place for just enough to cover taxes, etc.

                              No joy. None whatsoever.

                              Good luck, @Doctor-Phibes

                              "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.

                              1 Reply Last reply
                              • 89th8 Offline
                                89th8 Offline
                                89th
                                wrote on last edited by
                                #76

                                Congrats @Horace, my realtor had the same signature in her email too. Perhaps it’s semantics, but usually when you both sign the closing papers, the property is officially transferred to the new owner unless you had a rent-back in the contract. Anyway, time to buy that Apple Air Tag.

                                @Doctor-Phibes exciting, and best of luck. Yes market timing isn’t the best compared to 6 months ago but compare it to 6 years ago or even 10 years ago…I’m sure you’re home value is up. You should move to Minnesota btw. Horace too.

                                George KG Doctor PhibesD brendaB 3 Replies Last reply
                                • 89th8 89th

                                  Congrats @Horace, my realtor had the same signature in her email too. Perhaps it’s semantics, but usually when you both sign the closing papers, the property is officially transferred to the new owner unless you had a rent-back in the contract. Anyway, time to buy that Apple Air Tag.

                                  @Doctor-Phibes exciting, and best of luck. Yes market timing isn’t the best compared to 6 months ago but compare it to 6 years ago or even 10 years ago…I’m sure you’re home value is up. You should move to Minnesota btw. Horace too.

                                  George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by George K
                                  #77

                                  @89th said in Bad timing:

                                  Perhaps it’s semantics, but usually when you both sign the closing papers, the property is officially transferred to the new owner

                                  Just for the sake of clarity, it's "closing papers" not acceptance of the contract.

                                  Big, big difference.

                                  So, what's the timeline for the move?

                                  "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.

                                  HoraceH 1 Reply Last reply
                                  • HoraceH Horace

                                    @Jolly said in Bad timing:

                                    At least Horace should be down in time for hurricane season.😁 😁

                                    I'm looking forward to rain storms... we'll have a big back patio and a big pond back there that I think will be beautiful during the rain.

                                    JollyJ Offline
                                    JollyJ Offline
                                    Jolly
                                    wrote on last edited by
                                    #78

                                    @Horace said in Bad timing:

                                    @Jolly said in Bad timing:

                                    At least Horace should be down in time for hurricane season.😁 😁

                                    I'm looking forward to rain storms... we'll have a big back patio and a big pond back there that I think will be beautiful during the rain.

                                    You'd have been ecstatic over the last week or so.

                                    “Cry havoc and let slip the DOGE of war!”

                                    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                    1 Reply Last reply
                                    • George KG George K

                                      @89th said in Bad timing:

                                      Perhaps it’s semantics, but usually when you both sign the closing papers, the property is officially transferred to the new owner

                                      Just for the sake of clarity, it's "closing papers" not acceptance of the contract.

                                      Big, big difference.

                                      So, what's the timeline for the move?

                                      HoraceH Offline
                                      HoraceH Offline
                                      Horace
                                      wrote on last edited by
                                      #79

                                      @George-K said in Bad timing:

                                      @89th said in Bad timing:

                                      Perhaps it’s semantics, but usually when you both sign the closing papers, the property is officially transferred to the new owner

                                      Just for the sake of clarity, it's "closing papers" not acceptance of the contract.

                                      Big, big difference.

                                      So, what's the timeline for the move?

                                      We are planning on getting everything packed into UPack ReloCubes on Thursday, and leaving Friday morning. Will travel over the labor day weekend, with two overnight stays at airbnbs on the way. Then a one month stay at an airbnb in Houston. Our new home should be ready to close in early october, but we'll be looking for other places to buy before then. We think we might be able to get a price reduction on the one we're under contract for, but that's only realistic if we have a place we are serious about as an alternative. I really like the home we've chosen, but we think a new buyer would be able to get it cheaper. We signed for it at the tippy top of the market, in june.

                                      Education is extremely important.

                                      1 Reply Last reply
                                      • HoraceH Horace

                                        @Doctor-Phibes said in Bad timing:

                                        @Horace said in Bad timing:

                                        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...

                                        Congratulations, Horace. Ours goes on the market the end of next week...more frighteningly, we're expected to close on the new one in 4 weeks time, so I'm likely to end up owning two houses for a hopefully very short period of time. I try not to lie awake at 5am thinking about this.

                                        Good luck! I think it's good to get on the market asap. But a crash is not imminent. Stay away from youtube videos about the real estate market, btw.

                                        Doctor PhibesD Offline
                                        Doctor PhibesD Offline
                                        Doctor Phibes
                                        wrote on last edited by
                                        #80

                                        @Horace said in Bad timing:

                                        @Doctor-Phibes said in Bad timing:

                                        @Horace said in Bad timing:

                                        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...

                                        Congratulations, Horace. Ours goes on the market the end of next week...more frighteningly, we're expected to close on the new one in 4 weeks time, so I'm likely to end up owning two houses for a hopefully very short period of time. I try not to lie awake at 5am thinking about this.

                                        Good luck! I think it's good to get on the market asap. But a crash is not imminent. Stay away from youtube videos about the real estate market, btw.

                                        Thanks - we should be fine as long as it doesn't crash - we've got some money put by for the short term pain, and the market's still pretty decent here.

                                        I'm swapping a 20 minute commute 5 times a week for a 1 hour commute 3 times a week, and almost double the square footage. If everything plays out, we'll be pretty much mortgage free at the end of it.

                                        I was only joking

                                        JollyJ 1 Reply Last reply
                                        • 89th8 89th

                                          Congrats @Horace, my realtor had the same signature in her email too. Perhaps it’s semantics, but usually when you both sign the closing papers, the property is officially transferred to the new owner unless you had a rent-back in the contract. Anyway, time to buy that Apple Air Tag.

                                          @Doctor-Phibes exciting, and best of luck. Yes market timing isn’t the best compared to 6 months ago but compare it to 6 years ago or even 10 years ago…I’m sure you’re home value is up. You should move to Minnesota btw. Horace too.

                                          Doctor PhibesD Offline
                                          Doctor PhibesD Offline
                                          Doctor Phibes
                                          wrote on last edited by
                                          #81

                                          @89th said in Bad timing:

                                          You should move to Minnesota btw. Horace too.

                                          We considered going back to Canada, which is almost the same thing, but I need to stay here for the work. We still might go back up north at some point. I really loved it there.

                                          I was only joking

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