After all this time, I finally got an offer on my house - for 25% less than current asking price! I have to admit, it took a lot of guts to make an offer that low. Currently listed @ 82,900, they offered 60k. We countered with 75k, they came back with 70k max. I ran some numbers to see how much it would cost to wait for a better offer. Assuming things might pick up in the spring, that means I'd have to hang on to the place for another 4 mos. Including interest on my mortgage pmt, prop taxes and utilities on the old house, taking in to account the current market/comparables, etc. it seems to be a wash - getting a few thousand more won't really improve the bottom line, so I decided to take the offer.
The main thing I have to remember is that I really like my new place. That's what's important. Aside from that, I'm pretty discouraged/upset about how the rest of it turned out. I paid 5k over asking for this house, I spent several thousand extra to buy it because of the special financing required due to my past foreclosure, and now, I'm going to be netting between 5-10k less than I expected on selling my old house. Financially, it's turned out to be a lot worse than I anticipated. Still, I didn't lose any money on the old house (I'll do just better than break-even on it, after original purchase price & all the improvement costs), and the extra 5k I spent on this place is covered by the fact that I had no house payment for the years @ the old place.
I should be thankful that I have a place to live, and that it'll be paid off in a month or two (and I am), but in order to do that, I have to practically wipe out my emergency fund. Yeah, I know, most people don't even have an emergency fund, and I should just shut my yap. However, I worked hard, made smart financial decisions, and forwent many things in order to build that fund up, and it sucks to see it wiped out so easily.
I should remember to never be an optimist. Optimism leads either what you expect to disappointment, pessimism either leads to what you expect, or a pleasant surprise. Since life almost never gives you what you expect, pessimism seems the better approach, doesn't it?
8:50 a.m. - 2018-02-03
My profile
Archives
Notes
Email Me!
Random
others:
loveherwell
dangerspouse
catsoul
alethia
annanotbob2
life-my-way
fairybones
misfitstray
swordfern
warpednormal
elusive-you
lust-
comebacktome
ahopeinhell
silver4
kelsi
stepfordtart