This year has been off to a hectic start. I am settling into my new job nicely, but it's some of the other things in my life that makes me feel like there should be 25 hours in a day.
The week started like a hobo in the morning, poorly. I was on my way to work when the engine of my car began to overheat like a manatee in mating season. I blew my radiator and I was not happy. I knew I would have to fork out a decent amount of coin, and this would not help the negotiations I had been having about the purchase of a new home. This event, of course, followed the previous day where I had lost my cell phone after a delicious stop at one of my favourite fine dining establishments, Harvey's.
Between the new phone and a new rad, I had spent an annual salary of a Mexican resort worker. As I was in negotiations for a new home, my "buffer" cash was deteriorating and I was not sure I could continue to go through with it. After all, the voice of reason (Mom and Dad) were in Mexico slurping back on some strawberry daiquiries.
At first, I went to see the house and I was very intrigued. The house is an older home that was clearly in need of some repairs. The students that are living there had a month's rent worth of beer bottle deposits, and a homemade bong here and there. The house certainly has the "ghetto" feel to it.
The nice thing about this home is that the house was priced accordingly. It was affordable to me. It looked profitable to me. The house is spacious and has the potential to be a really nice family home. With a little TLC, I could make this student house into something special.
I decided to jump again into the real estate pool. I decided to purchase this home. Currently, there are a bunch of students in there under lease until the end of August. For some potential buyers, this could be a big nuissance. For me, it's a chance to save up some money for some renovations when they do decide to move out.
When I saw the place, I had some issues with the house, but that was mitigated by the price and location. I was pretty sure that I had wanted this place, but there was a catch. There was another couple that wanted the place. A bidding war had begun....
My real estate agent told me to think hard about what I wanted to do. As a buyer, I could look for another place that would meet my goals. I decided to put my best foot forward, and I made an offer that I would hope that would beat the offer of the other couple. Unfortunately, the other couple had outbid me. They had made a conditional sale because they had went in at the listing price.
I had given up. I was not prepared to go excessively high on this home. If I am going to make it work, I had to be comfortable at coming in at a price low enough to make the repairs worthwhile. Fortunately for me, the other couple could not come up with the financing that was required. Apparently, the guy in the relationship had a couple of bankruptcies. I'm betting that she wasn't too happy.
I was back in the game! This time, my back was not against the wall. I decided to make a ridiculously low offer for the house. The offer wasn't accepted of course, but it paved the way for me to get this house for the price I wanted. I was in the driver's seat. I wasn't under the same pressure. I am now the proud owner of 75 Arlington Avenue.
The week started like a hobo in the morning, poorly. I was on my way to work when the engine of my car began to overheat like a manatee in mating season. I blew my radiator and I was not happy. I knew I would have to fork out a decent amount of coin, and this would not help the negotiations I had been having about the purchase of a new home. This event, of course, followed the previous day where I had lost my cell phone after a delicious stop at one of my favourite fine dining establishments, Harvey's.
Between the new phone and a new rad, I had spent an annual salary of a Mexican resort worker. As I was in negotiations for a new home, my "buffer" cash was deteriorating and I was not sure I could continue to go through with it. After all, the voice of reason (Mom and Dad) were in Mexico slurping back on some strawberry daiquiries.
At first, I went to see the house and I was very intrigued. The house is an older home that was clearly in need of some repairs. The students that are living there had a month's rent worth of beer bottle deposits, and a homemade bong here and there. The house certainly has the "ghetto" feel to it.
The nice thing about this home is that the house was priced accordingly. It was affordable to me. It looked profitable to me. The house is spacious and has the potential to be a really nice family home. With a little TLC, I could make this student house into something special.
I decided to jump again into the real estate pool. I decided to purchase this home. Currently, there are a bunch of students in there under lease until the end of August. For some potential buyers, this could be a big nuissance. For me, it's a chance to save up some money for some renovations when they do decide to move out.
When I saw the place, I had some issues with the house, but that was mitigated by the price and location. I was pretty sure that I had wanted this place, but there was a catch. There was another couple that wanted the place. A bidding war had begun....
My real estate agent told me to think hard about what I wanted to do. As a buyer, I could look for another place that would meet my goals. I decided to put my best foot forward, and I made an offer that I would hope that would beat the offer of the other couple. Unfortunately, the other couple had outbid me. They had made a conditional sale because they had went in at the listing price.
I had given up. I was not prepared to go excessively high on this home. If I am going to make it work, I had to be comfortable at coming in at a price low enough to make the repairs worthwhile. Fortunately for me, the other couple could not come up with the financing that was required. Apparently, the guy in the relationship had a couple of bankruptcies. I'm betting that she wasn't too happy.
I was back in the game! This time, my back was not against the wall. I decided to make a ridiculously low offer for the house. The offer wasn't accepted of course, but it paved the way for me to get this house for the price I wanted. I was in the driver's seat. I wasn't under the same pressure. I am now the proud owner of 75 Arlington Avenue.
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