Closing confussion

The current owners of the house had requested a closing date of August 21. We were told that they chose a closing date before we could move in to be nice to us, so that we could lock in a better rate for our mortgage. Fine, no problem, they are going to rent the house back from us for the remaining weeks that they need to stay in the house while they close on their new house. Not a big deal to us.

This week we got notification from our Realtor that now they want to push the closing date up by 2 weeks, mind you they had picked the original closing date with a 45 day escrow. Apparently they didn't really do their homework on whether or not they could hold on to their old house and still purchase their new house, something they had insisted that they could do. They made a point initially that they didn't need to sell their current house in order to buy their new house. They went so far as to say that if no one went up the $5,000 ($4,500 in our case) that they simply weren't going to sell their house and would rent it out instead.

Well, as they say only time will tell, right? Turns out that this week they found out that in order to close on their new house they need to either close on their current house earlier than they thought necessary or have a lease in hand for their current house. Unless they meet one of those conditions apparently they will be unable to close on their new house.

We went ahead and quickly found out what it would cost us to be able to close 2 weeks earlier and sent them our "demands" at the end of the week. Now all we have to do is wait to see if they are willing to "pay" to close early or not. Of course this means we get to sit here waiting to hear what they want to do, well at least we are still waiting for the results of our appraisal which happened last Monday too. Hopefully in the next few days we will hear about the appraisal as well as the closing date, if we don't hear soon about the closing date we are just going to assume the old date is the one we are sticking to. After all, we have things that we need to do and can't wait until the last second to find out if we need to liquidate assets that we are not currently working on liquidating.

We are buying our first home

I thought it might be fun to blog about our first home. This way all of our friends and family scattered all over the place can watch and see what is happening with our new home, besides I thought it might be fun to chronicle the adventures involved in purchasing our first home as well as getting settled in and decorating the house.

We found our house the other week and went into escrow a few days after we put in our offer (we were 1 of 3 offers). Last Wednesday afternoon we had our house inspection and it went fairly well, there were only minor things found which were mostly due to the age of the house. The house was built in 1948. The master suite was added on to the house in 2003 and the whole roof was re-shingled in 2003.

The house is considerably larger than the one we are currently renting so I know that I will have some purchases as well as just decorating cut out for me in the future. Of course I will do a little at a time, starting with furniture that we are missing. We will have a dining room as well as a breakfast nook, while we have only had 1 dining area in the past so another dining table and some more chairs will be needed. Eventually I will most likely replace some of the current lighting as well, it's all very nice but simply does not go with our furniture or our personal style. We will also need to add a daybed or bed(s) to the 3rd bedroom to make room for company to sleep when they visit (other than the sleeper sofa we currently have). I'm sure over time I will realize that there are many other little things we are deficient in, like another bookcase. What can a say 2 geeks and a little geeklet in one house, there never seem to be enough bookshelves in the house.

Anyhow, here is a picture of the backyard of our beautiful new home, well provided that the appraisal goes well and nothing weird happens at closing. I will post other pictures as I discuss the various rooms and how I am considering decorating them.