$31,500.00 Starting Balance
+__,500.00 Deposit Added
$32,000.00 New Balance
Also, on the money we've been holding for the guy who remodeled our old house and then immediately went through bankruptcy before we could pay him, we were finally able to make a $5000 payment yesterday and then in 21 to 28 days we will be able to make the remainder payment of $36,000. I will be so glad to not have that money in our credit union account anymore.
I mean, yes, the interest we were collecting on it was nice, but I still didn't like the situation. With the $5000 he is able to open his business account and get all the proper licensing and then when that all runs through, he can then take the additional $36,000 and put it in the business and then he can pull from that gradually as he needs income since he is allowed to pay himself a salary.
What a mess this has all been and I am really glad to see it nearly done.
Viewing the 'Old House Stuff' Category
$31,500.00 Starting Balance
Well, it looks like DH will be able to get 4 extra days this hitch to make up for the 4 days he will miss by staying over for DD's graduation. There is plenty of work for him to do. It all hinges on whether or not they can find a bed for him at work for those 4 days. I really hope so, because to not have to scramble and cut back and take money from other savings categories to cover this would be very nice.
He will know sometime tomorrow. I was not looking forward to depleting the January Money Fund, which was what I would have to do if he can't get the extra time at work.
Househopeful asked what the January Money Fund is about. Every year over the Christmas holidays, DH's work shuts down for a couple of weeks. So he has to go his usual 2 weeks off from a regular 2 on/2 off shift, plus 2 more weeks off. So he ends up with 4 weeks off in a row with no pay. Now we are used to budgeting for the 2 weeks off and we stretch the money to cover the whole 4 week cycle. But when those four weeks off come up (be it in January or December, we never really know until closer to time), that gives us four weeks we have to stretch money over, which is a lot harder.
This year I started saving for that time period quite early. When we were paying off debt and the mortgage I generally didn't start saving for it until September or October, but now I can save all year for it. Usually we can count on DH's Christmas bonus to help some, but last year most of that went to fixing the leaking moon roofs in the van. So I don't want to depend on the Christmas bonus for anything, because who knows what might come up. So hence this fund.
Plus we still don't know what our tax situation is going to be for next year. Since we only lived in the house we sold 1 out of the last 5 years before it sold, we may have to pay some taxes on the sale. Maybe not, but we won't know for sure how much of the remodel and repairs and improvement we can deduct until we get all the tax paperwork.
I am thinking it will probably all be a wash, but if it is not, we won't owe more than we generally get back, which is around $7000 due to our medical costs. It'll be a bummer if we don't get a refund, because I usually use the money to bump up the Emergency Fund and in the past to pay down debt, but now to save for a down payment on our upcoming farm purchase. But we should at least walk away without having to pay out, which is better than having to pay in by a long shot.
I really do think it is criminal of them to tax our house sale this way, though. We lived in that house for many, many years, and it was our only house. The money that is in savings from the sale is intended for our next home and that should be allowed to be kept. It used to be you could keep it if you rolled it over into a new home, but not anymore. And it's not like it was a huge sale or anything. We're not talking about a $300K plus house here. Or even a $150K house.
Well, this turned into a rant. I guess things have just been on my mind a lot lately.
As a quick update on my daughter, she finally, after 10.5 weeks has stopped bleeding. She's still in a lot of pain though. They are testing her for a clotting disorder and a bleeding disorder. We should find out in the next day or three. She is having nosebleeds, unexplained bruising, and severe cramping in her calves as well. She's still anemic. Please continue to pray for her.
The house is sold. It has been recorded and the money is sitting in our bank account. It is weird to see that much money in the account. It is very nice to have the weight of that house lifted from our shoulders.
It happened so late in the day that I was only able to cancel our homeowner's insurance and our phone. DH was able to cancel the security monitoring. We did get the good news that our contract was up. For some reason I thought it was 2 years, but I guess it was only 18 months, which we hit.
I will still have to call the electric and the water/sewer on Monday. I forgot to ask DH if he'd done the propane or not. He might have run out of time during business hours. We have almost a $50 credit with them and I want to get that back.
I called and left a message with the new house owners yesterday that the phone company says I have to give the phone modem back. Even though they are going to be using the same phone company. That seems really stupid to me. If we don't get it back it will cost $80. I wish I had known this as we kept the phone on to keep the security on until the house was no longer in our names.
I did not get a chance to see if the money in the bank has a hold on it or not before they closed. I will go down to the credit union on Monday and ask. For now it is sitting in the savings account there collecting .5% until I know I can move it or start using it to pay off the van and to pay the guy who remodeled the house. The next van statement hasn't come yet, anyway. It usually comes on the 9th and then I'll have the exact payoff number.
I will be so glad to have the van paid off and not have that monthly obligation any longer. Plus it means our car insurance will drop. To be out of consumer debt completely will be wonderful. Then we can start saving really, really hard.
Oh, I have a question. My son barely ever uses his phone. He texts maybe a few times a week. Is there a Tracfone or the like that is super cheap and does just texting? Or anything else like that? There is no point in having him on the expensive family plan at this point.
I went in this morning and signed the last paper for the house. They said that the sale should be recorded and official some time tomorrow. I hope the money shows up in my account on Friday and not on Monday. I then will have to check with the credit union to make sure that I can use the money right away or see if there is a hold on it. I know with checks like that there can sometimes be a hold, but the title company wasn't sure about whether there would be a hold on a direct deposit or not. I wouldn't think so, but I will ask just to be on the safe side before paying off the van.
We did not have a payday last week, but I still made some payments from money saved over for this week's bills. These were all autopays.
__45.30 Life Insurance DH
__44.66 Life Insurance Me
__74.41 Car Insurance
__48.75 Homeowner's Insurance
__16.17 Power Old House
$665.29 Total Money Out
I won round 1 of my transformer 6 month dietbet. Don't know what my winnings are yet. I also signed up for another 4 week dietbet with the same group I did the first one for. It has way more support being a smaller group. The transformer has over 1800 people in it, so it feels extremely anonymous when it comes to support. So that was $20.
I have to make a list of people to call tomorrow once the sale has been recorded. So far I'm thinking:
Propane co-op (DH will have to do this one, it's in his name)
Home Owner's insurance company (should get a partial refund)
There was no cable or internet hooked up out there so that's not an issue. The water/sewer has been taken care of by the title company since it is owned by the homeowner's association out there. It was mixed in with the sale and is current and up to date.
I will probably go to Comcast in person tomorrow. It is faster than trying to get through their customer service line. I will be over there anyway as my daughter has a doctor's appointment in the afternoon. I will also drop by the insurance office in person since it is by the high school.
The rabbit kits are doing well. The runt died. Not sure if I said that, but it did. I knew it would. It was just too tiny. But everyone else is doing great. Here is a video of the babies and some photos:
So the buyers went in to sign today and it turns out there was one paper that the bank did not have there when Chris and I signed before he left for Alaska. So for a couple of hours I had thought it would be done today, but then this paper cropped up so it won't be. They emailed it to DH and he signed it in front of the notary up there, and I have to go down and sign it in the morning, since I didn't even find this out until an hour ago and the place was closed.
But hopefully after signing that paper tomorrow it means they actually will close this week and I'll have the money in the bank soon. Because honestly, until that money is actually in my bank account, I still don't believe anything is a done deal. We gave the keys to the realtor today, though. So I'm finding it just a little harder to remain cynical on this deal than previously. I still feel like Murphy is going to come out of left field and smack me upside the head, you know?
Yet, at the same time I want to be hopeful. Because when this goes through we can stop holding our breath and waiting for the other shoe to drop. We can finally move out of the holding pattern we've been in for the past few years.
So yesterday we went in to Chicago Title and signed the closing papers on the house. We did it early since DH will be in Alaska on the closing date. It feels one step closer, but who knows? I don't think I'll believe it until the money is in my bank account.
The buyers requested to push the closing date back to March 6th. They have a very good reason and I can't fault it. The wife was due to have her baby in a couple of weeks and she'd been having trouble with preterm labor and they found out something was wrong with it, and then the baby died. So, yeah. They need a little time. They still want the house, it's nothing like they want to back out. They just want some time to grieve, arrange a funeral, and get their heads together.
The realtor says they still might sign before that, it just depends on how things go with stuff. I feel so bad for them and I feel they should take the time they need (as long as they don't try to extend it again). And I feel bad that even knowing this, I'm still impatient. Not that I would ever show it, or anything. It's just been such a long process. I mean, not this part, but the whole fixing it up and putting it on the market and having the first buyers fall through and then finally getting another offer. From offer to now, really hasn't been too bad. Just a couple months.
I can't help it, though. We should have closed in 6 days and now it is 14 days. I just want to close this chapter of our lives and start the next one. I want it done so I don't have to worry about it anymore.
So yesterday I sent for 2 more $5 Amazon gift card from Swagbucks. I can order the last $5 one today. Then in a few days I should have enough to get a $25 gift card. So that will give me $50 total at Amazon. I am going to use it to buy a case of the olive oil based Miracle Whip that has no high fructose corn syrup in it. All of the stores around here quit carrying it and I won't go back to regular.
A case of 12 is $95 on Amazon, with no shipping fees. That works out to almost $8 a jar. So with $50 in Amazon gift cards I can get it for $45, which works out to a more reasonable $4 per jar. 12 jars should last me 2 to 3 years. I only eat it with tuna fish, which I don't eat terribly frequently.
Pinecone sent a letter that isn't even accurate to how much money you can cash out at now. They were all, you can just cash out with the $3 option and then add the quantity multiple times so we only have to send one check. But there is no $3 option anymore. I had sent for a $15 check and a $5 check. Now I know that means that I could have cashed out the $5 choice 4 times, but I wasn't even thinking about that at the time.
But considering how I feel about the changes, I probably would have cashed out $5 four different times a few days apart. So they got off lucky with me cashing out for 2 checks instead of 4. They will probably just send the $15 and $5 cash outs in one check. The letter didn't say that, but I'm assuming. It won't matter in the future. I will cash out every time I have at least $5 in the account from now on.
We've completed all the extra stuff on the house to bring it up to code. The wood stove fix was $567. The hot water tank replacement and install was $800. The cost to bring the outlet valve up to code and install earthquake/tornado belts on the hot water tank, also to bring it up to code, was an additional $326. He worked on it for 6 hours. His company is one of the very few who will install hot water heaters into this type of home. And the cost to take off the front porch, pour a concrete pad underneath it, and put the porch back on was $400. $1000 of that will be refunded to us by the buyers on closing.
L&I has signed off on what it needed to sign off on. So their bank will come out sometime in the next two weeks and if they find all to be well and find it appraises properly, then we are good to go for signing. We are hoping to sign by the 24th, though the official closing date is on or before the 26th. DH will only be home from the 12th to the 24th. It would be easier to do it in person than for him to have to find a notary up there at work. Though they did say he might be able to sign in advance.
Then we have to deal with the fact that the female half of the couple is pregnant and due in six weeks, but has already had to go to the hospital once to have early labor stopped. So that may upset the apple cart as well. It does make them more apt to want to sign early if possible, though. They really would like to be settled before the baby comes.
Anyway, I am counting down the next 3.5 weeks. I am finally starting to believe this is really going to happen. And getting a little excited about it, but not too much because the bank could still decide the house isn't worth that much, though it appraises $17K above what they are paying.
I want that check in my hot little hands so badly. I want to pay off the remodeler and the van, bring my EF to $15K and then dump the rest into savings for a down payment. I just want to be there with no more consumer debt hanging over us.
I have a doctor's appointment today. My cholesterol numbers were so good at my blood test that I am going to ask him about either stopping the medication or reducing it. I'd like to get off it. I want to see if I can try going without it for a month and then have another blood test to see if the levels are doing okay. Crestor is expensive and I've changed my eating habits enough now that I may no longer have issues with it. Or to get a cheaper medication. Another option would be to get the 40mg pill and cut it in half. It would be cheaper in the long run.
My insurance has decided it is going to cover my blood pressure medicine 100%. I was in shock the other day when I picked it up. Last year it was $40. That is so helpful to the budget. That is $480 a year I can put towards the farm down payment savings.
My ultimate goal is to get off the BP meds, too. But I think it will take me at least a year of weight loss to be at that point. And weight loss may not be enough. High BP runs in my family. We tried reducing them once from 40mg to 20mg and I felt awful, so definitely need to lose the weight before trying that again.
And if I lose enough weight, I can have a new sleep study done and I might no longer need the sleep apnea machine. I don't have too many breathing incidents, so this might really be achievable. Then I wouldn't have to buy filters, hoses, masks, etc., as they wear out.
Speaking of weight loss I am now 14 pounds down. I think finding dietbet was the best thing that ever happened to me.
This last Friday is not a payday, but of course I always save money over from previous paydays for the one Friday that has no paycheck each month. So these are the bills that went out today.
__44.66 Life Insurance (Me)
__45.30 Life Insurance (DH)
__74.41 Car Insurance
__48.75 House Insurance
_120.00 Physical Therapy
$769.12 Total Money Out
I need to sign up for a new bank savings account tomorrow, the one Julie posted about today. It will be with a bank that has 1.05% interest. That is .30% higher than what I am getting now. I could be earning $11.50 on my EF each month instead of $7.21. It doesn't seem like much but over a year that is $138 or $86.52, a difference of $51.48. And of course it'll be far more than that once the house sells and there is more money in the bank.
I think I'll probably end up completely closing out the Capitol One 360 account. I've been holding on to it due to old ING loyalty, which is silly because they aren't ING and they have never been as good as ING was. They've had plenty of time to match the other couple of online banks that are giving higher interest rates and they haven't done it, so it is time to say good-bye to them. But I will keep it open until we are done with taxes, probably just with $5 in it.
$11,549.20 Beginning EF Balance
___,_20.00 Last week's and this week's auto deposits
$11,569.20 New EF Balance
I have done some figuring and we might be able to get around using the EF for house stuff by using money in the other funds instead.
$500.00 from Propane Fund
$300.00 from Property Tax Fund
$800.00 from School Fund
$200.00 from January 2016 Money Fund
+_70.00 from Dues Fund Excess
That would leave us with $200 in the Propane Fund and $200 in the School Fund. Property Tax is paid in full through April and with the house closing at the end of February we would not need to use that money to pay PT. However that is the last place I will take it from just in case the sale falls through. I would draw it from the other funds first.
There really hasn't been all that much to write about this week. I've lost 9 pounds since December 31st, so my diet is going pretty well. We haven't spent much money this week.
We may have some house expenses coming up. Apparently there has to be an inspection of the foundation and we will have to pay for that. I'm not sure why the sellers have to pay it, though. It seems like the buyers should have to pay for all inspections, but I guess not in this case. I swear, I never want to deal with this type of house again in my life.
So, so far, it looks like we're going to have to pay $1000 between the wood stove fix and the foundation inspection. So I probably will end up taking money out of the EF. Since DH also is having dental work done tomorrow and just had a second sleep study done and will have to buy a B-PAP machine, which is more expensive than a normal C-PAP machine, and since our deductible started over insurance won't cover much if any of it, we may really be seeing a dent in the EF.
DH says I can take most of his school money ($800 of the $1000 we set aside) since he doesn't think he'll be ready to do that until after the income tax refund comes back anyway. I hate to do that, though. Of course I hate depleting the EF even more, but we'll see.
Our real estate agents (husband/wife team) wants to sit down and discuss our looking at houses as soon as the sale closes. I don't want to and don't like the pressure. I think we will need to save for an additional year before we are ready to buy a house, possibly longer. I just want a bigger EF and a bigger down payment so our mortgage payment doesn't cost an arm and a leg every month. I just don't think I am ready to go through the stress of looking at houses. DH is probably going to have to tell them to back off.
Plus I want to enjoy being totally debt free for a while (except the loan from Mom), which we will be once we pay the guy who did the house repairs and pay off the van. I just want to have all that stress free time to save like maniacs. Of course that is assuming we can put up with Mom's particular brand of crazy for another year. At the very least we want to finish off the school year, here, though.
Also DD is talking about moving in with two of her friends in the summer of 2016 and if that is the case we can actually look at some smaller houses. She wants to find a job after graduation and work for a year, saving as much money as she can, before getting an apartment. We will try to pay for one class a semester at the community college for her. She'll have one credit when she graduates because her Psychology class counts as a college level credit.
The ducks laid two eggs today. We haven't gotten 2 eggs in a day from them since December, so either they are starting to gear back up again due to the longer days or one of the 2 new ducks has relaxed enough to start laying. Wade has been mating both of them so that might have kicked one of them into gear. Both ducks have been completely accepted into the flock now.
Nothing else really going on around here. Sticking to the meal plan and not going out to eat.
We went to Costco today and spent $211. I stocked up on toilet paper, bought some tikka masala spices, vitamins, fuzzy socks(!), and of course groceries. We also got gas. It was $1.84 a gallon and we got just over 11 gallons. We paid just a smidgeon above $20. I can't even remember the last time that happened.
The house contract was signed Monday night by all parties. They have scheduled their inspection. We have to do $500 worth of work on the wood stove to bring it up to code. I think we will be able to swing that without touching the Emergency Fund. Since I have $700 in the propane fund (and still have $50 of credit with the co-op) and still haven't had to fill the tank, I can take most of it from there, and I also have an extra $70 in the dues fund. I am trying not to get excited about the house sale happening because it fell through last time, but I am a little bit.
I have now lost 8 pounds since starting my diet December 31st. I hope that continues to go well. I still need to lose a few more pounds to win my dietbet. I think I am going to make it. I've got 15 days left. Even if I don't win, the support of the group has been wonderful and it is worth that for $30. But I want to win.
I have managed to keep my calorie intake in my goal range every day but one. I went over by 15 calories that day, so I still consider it a win.
Tomorrow I have someone dropping off a baby aloe plant for me and another person buying 2 dozen duck eggs for $10. That will bring farm sales for the month to $37.50.
I received my Costco bonus check for $46.27 today. Of course I didn't open the mail until after we'd come back from our shopping trip to Costco. Wish I had because that check can only be cashed at Costco. DH will have to run in there on Sunday. We'll be going past it on the way to visit his parents so we won't have to make a special trip.
I think that about covers everything.
After receiving a revised offer from the first set of buyers, we have decided to go with the offer from the second set of buyers. While the revised offer was $6K above asking price, with the amount of closing costs they still wanted us to cover and all the fees we would have to pay dealing with a VA loan, it still came out to $500 less than the offer from the 2nd set of buyers.
If they'd been willing to go up $1K higher or reduce the amount of closing costs they wanted us to cover, which they wouldn't, it would have been worth it, but all things being almost equal, we decided it was better to go with the people who were straight-forward and had less hoops we'd have to jump through, and who didn't try to majorly lowball us on their first offer. The first folks gambled. They tried to play hardball instead of making a fair first offer. They lost.
So the realtors will fax the paperwork to DH to sign and then once they've got it back, they will come over here for me to sign it this afternoon and we will be under contract again. Hopefully this time all will work out, but with the letter from the bank in hand, it seems like it should.
We got the second offer on the house and it is full asking price, except they want us to pay 3% of their closing costs, which I consider reasonable. My realtor has told the other realtor from the first offer that there has been a second, better offer, so they are going to revise their offer. But I doubt it will be better, and I'm more inclined to go with the folks that didn't try to lowball us in the first place.
I'd also rather our realtors got the full commission based on how much they have done as opposed to splitting it with the other realtor who basically showed the house twice and has come in at zero hour and also wrote an offer that was kind of insulting.
I know a lot can go wrong between now and then. A lot. And I know that accepting an offer and going under contract doesn't mean anything. But I am a little hopeful, finally, that something might actually come of all of this. Just even coming close to getting full asking price is remarkable. I'd be very happy with that.
The second set of buyers got their financing and are currently having their offer written up by our realtors. The first set is being super impatient about getting an answer to their offer, even though they only made it on Saturday afternoon. But they can be impatient. This is a big decision to make and I am not going to rush it without having the other offer in hand. Plus they didn't put a time limit on how long we have to consider it.
I mean we will make the decision tonight, I am sure, but we won't before we have all the information in place. Waiting a few days is not going to be the end of the world for these people. I know it is hard to wait in this day and age of everything being fast, fast, fast, but some things still take time.
I kind of think they thought we would snap up their offer immediately because of the length of time the house has been on the market. But the thing is, we don't NEED to sell it. Yeah, it would be nice to have it gone and the money in the bank and it would make life easier. But we are not desperate enough to just take anything. It wouldn't hurt if they were a little worried now about the tightness of their offer and were second guessing themselves.
I don't want to be greedy. I just want to be reasonable and have the offers be reasonable, too.
So it looks like we might get two offers on the house this week. One person is preparing an offer right now that I am a little meh about. The VA offers we have received have always lowballed us and this one is worse than the last two who never made it official. The other will know if they got their financing tomorrow and then will make an offer that I hope is better than the other one. But if the second one doesn't materialize, we will probably accept the other just to be done with it.
I am getting annoyed with people who don't want to pay their own closing costs. We paid ours and the market was much more favorable to buyers then so we could have probably gotten them to do it, but we felt like it was being cheap to try, especially since they'd come down $20K in asking price. I am starting to think it is just the thing to do for people to get the sellers to pay the closing costs, whether the market validates it or not.
It was good to finally get to payday. This year I am going to start much earlier on saving for the shut down that occurs every December at DH's work. As in, this paycheck. And in April when things cycle around so that we'll have an extra paycheck, I will put a good chunk of it into that fund as well. It was nice to be able to get through that time period without touching the Emergency Fund and I am glad we did not rely on the Christmas Bonus as that went to pay for the car roof repair and Christmas. There was nothing of it left for living expenses.
The paycheck is about $100 less for this pay period than it has been due to the new 401K withdrawal. Not too big of an amount to absorb easily. We'll see how it goes for the whole month before we decide to up it a percent, though.
$800.00 to Van Loan (including extra)
_400.00 to Mom's utilities
__24.28 Electricity (old house)
__48.60 Phone (old house)
__46.00 Security Monitoring (old house)
__41.94 Garbage (two months)
_100.00 Allowances (two weeks, 2 kids)
_100.00 Cash for Week
_178.00 Emergency Fund
_100.00 Property Tax Fund
_100.00 December Money Fund
_100.00 Propane Fund (old house)
The Propane Fund now sits at $700. The December Money Fund is at $233.55.
We've got some people who are close to making an offer on the house. I am not holding my breath, but it would be really nice if this time it panned out. We've had five showings since Christmas. Only 1 out of 5 has the credit scores necessary to buy, though, but that couple has really good credit. Why do people look at houses if they don't have their stuff worked out for buying? I am tired of Looky-Lous. At least it is not our agents showing it to those types, but others.
Gas prices are making folks think that living out there won't be too hard on the commute if they work in town. I hope someone buys before gas prices rise again!
Again, I am not holding my breath. This has been a long process. We are prepared to drop the price yet again, but are hoping that won't be necessary. There were a couple comps that sold for more than that recently (and our house is in better shape), so there is hope. But like I said, I am not holding my breath. If it happens, it happens. I am not prepared to think about it too much until a contract materializes, and even then, after what happened last time, not going to get excited until I know the financing is set.
$2000.00 BoA VISA
__400.00 Mom's Utilities
___22.00 HoA Dues
___50.00 Garbage (holding tank for January)
__144.00 Water/sewer Old House
__800.00 Van Loan (includes extra principal)
I've got almost everything paid for the month. I will have a chiropractor payment of $225 in a couple of weeks, need to pay $1000 on the loan payment to Mom, and buy Christmas presents. A few medical bills and prescriptions will need to be gotten, but we're in good shape for that Then I just need to pay the the early January bills. We are in good shape due to my careful savings.
$1000.00 Loan to Mom (Nov. payment)
___29.13 Electric (Old House)
___47.92 Phone (Old House)
___45.30 Life Insurance DH
___44.66 Life Insurance Me
___71.41 Car Insurance
___48.75 House Insurance (Old House)
___41.16 Security System (Old House)
__400.00 Groceries (Major stock up)
I am still figuring out what to do with the rest of it. I have to pay for PT tomorrow and I'll probably send some to the Emergency Fund and the rest will go to next week's bills and some Christmas shopping.
I finished paying the bills for this payday. I took the checkbook down to $3.81, but I have $90 in cash to pay for any incidentals that come up between now and Friday. Plus there is a cushion in the checking account that I don't count into things.
$1000.00 Loan to Mom
___45.30 Life Insurance DH
___44.66 Life Insurance Me
___74.41 Car Insurance
___90.00 Physical Therapy
___48.75 Old House Insurance
___41.15 Old House Alarm Service
___31.99 Old House Electricity
__100.00 Cash for Week
__100.00 December Money Fund
___21.66 Medical Me
___12.10 Medical DD
__600.00 (Will go towards car payment, temp savings)
There was a showing on our house last week where the lookers absolutely fell in love with the place. They have not made an offer yet, but they are trying to get financing. I really hope this is the one. The last one was so disappointing. The biggest problem is people can't get a federal loan for poor people. It doesn't qualify, so people have to go with the traditional financing options which are much pickier.
I would love to get this house sold and not have to heat it all winter on our dime to keep the pipes from freezing. Even just keeping the thermostat on 55 burns through a lot of propane. We haven't had a frost yet so I haven't turned on the furnace yet, but I know the day is coming soon. I currently have $400 in the Propane Fund and will be adding another $100 next week. I also have just under $50 in credit on the account.
When DH comes home I will send him out to turn the furnace on and to make sure all the vents under the house are closed to keep cold air from easily getting underneath it. And possibly to see if it needs a final landscaping for the fall and whether we need to pick up pinecones. The trees release sometime in the fall and it can be quite messy on the driveway.
Anyway, prayers would be appreciated that these sellers are the one and that they can get their financing in order and make a good offer.
$400.00 to Mom for her utilities
__46.00 Salmon and canning jars
$100.00 Emergency Fund
__29.06 Power Old House
__47.92 Phone Old House
__45.30 Life Insurance DH
__44.66 Life Insurance Me
__74.41 Car Insurance
__48.75 Old House Insurance
__41.66 Security Old House
$100.00 Property Tax Fund
$100.00 Propane Fund
$450.00 December Money Fund
$1789.41 Total Money Out
I do have a few other things that will be coming out of this paycheck, but they aren't due for a while so I will likely lump them in with next week's payday report unless I get the bills before next Friday. I will be buying the kids winter coats and umbrellas. I will be buying hay. I've got a couple of medical/dental bills to round up, too.
Well, our buyer's really screwed things up and now they can't get a loan, even though they'd been pre-approved, so our house sale has fallen through. It's rough luck, but just goes to show how important it is for young people to do their research before trying to buy a house. They made some big mistakes that I guess are not common knowledge, except around here on the blogs.
Strike one was buying a new car a few months ago. You always wait to buy the car after you buy a house, not before. The debts are looked at in different ways and it is always easier to get a car after buying a house, but not the other way around.
Strike two was listening to the loan officer when she told them to pay off some old debt to raise their credit scores...old debt that had fallen off their credit reports, but was reactivated by them paying them off. It tanked their credit scores even worse. They should have paid down debts that were current.
Strike three was that in paying off those debts they no longer had enough money for the down payment we would have required for a seller carried mortgage.
So it's over and the house will go back on the MLS. Hopefully the Canadians that were interested in buying it as a vacation home still are, but they were with a different agent, not ours. Or else someone else will want it, someone who felt like they missed the opportunity when it went under contract.
Please pray for us that we will see a new buyer and soon.
Does anyone have any information on or can anyone point me to some good information on seller carried mortgages when the seller acts as the mortgage lender to the buyer of a house? I want to research it as it may be our only option at this point with these buyers.
And where else could we get a guaranteed 8% return?
We got the roof and the ceiling leak repaired. The roof cost $160 and the ceiling cost $20 for his time since we had all the supplies on hand from the last time we had to do it.
The buyers have an inspection scheduled for Wednesday. We've got the permit application in and paid for ($80.70) for the wood stove. Apparently the people who put the stove in before we bought it never had it permitted when they put it in, so now we have to do it. Not that big a deal, but you'd think our realtor back when we bought the house would have caught that then. Or maybe the WA state laws have changed since then, who knows?
The only problem with that that I foresee is that there is only one guy who checks the wood stoves for three counties, so it might be a while. Hopefully it will be before the closing date, though.
Not sure when their bank will do their appraisal for the loan. Hopefully not too long. I'd like to know one way or the other. They do have way more than a 20% down payment though, so hopefully if the bank does think it is overpriced it won't be too much of an issue. Zillow thinks it is worth more than we are selling it for, so hopefully their bank will, too.
I know that they want to move in as soon as possible, so hopefully they will stay on top of things.
I am trying not to worry that it will all fall apart, but I'm not so good at that. And I hate living in limbo. It drives me right up the wall.
We are under contract. Just $4000 under our asking price. Now we just have to wait for the inspection and the loan appraisal. If all goes well they will take possession by October 31st, or sooner if everything shakes out right and we will no longer have that house hanging over us. Please pray that all goes well. Now to keep from counting all my chickens before they hatch...
We have people meeting with their loan officer today to see if they can get a mortgage to buy our house. We haven't gotten the offer yet, no earnest money has been put down, but our realtor is very hopeful. This is the closest we've come to actually selling the thing. Prayers and crossed fingers would be appreciated. There were also two more showings this week.
Unfortunately the nasty rain storm we had last Monday moved some flashing on the roof and caused a small leak in the hallway by the furnace. So now we have to get a roofer out to fix the flashing around the furnace outtake pipe and/or patch the roof. Then our handyman will redo the inside ceiling where the rain damage came through.
That roof is 14 years old. It's supposed to be a 20 year roof, but we've had several leaks. If the original roofer hadn't had a heart attack and gone out of business, this would be covered in the warranty, but as it is, we have to come up with the money to pay to have it fixed. Last time flashing came loose it cost $150 to have it repaired. If it is more than flashing, it may be much more.
If it turns out the roof is bad altogether, we will offer a reduction in the price of the house so they can afford to get it reroofed. The only way we could do it would be to take out a home equity loan and then pay it off with the house sale. I don't want to do that, especially if the sale falls through.
Things are going fairly well on the farm front. The newborn kits are all still alive and doing well. They have their fur in now and they should be opening their eyes today or tomorrow. Aren't they adorable?
$400.00 Utilities to Mom
_100.00 Emergency Fund
__20.00 HoA Dues
__28.97 Electric (Old House)
__48.60 Phone (Old House)
__41.94 Garbage (2 months)
__45.30 Life Insurance DH
__44.66 Life Insurance Me
__70.86 Car Insurance
__48.75 House Insurance (Old House)
__41.16 Security System (Old House)
_800.00 Van Loan (plus extra)
The guy who was interested in our house and had it down to our house and another house, of course went with the other house. Everyone who has seen the house loves the house, they just aren't thrilled with how far away it is from town. Or their credit sucks and they can't get a mortgage.
Sometimes I wish I had a time machine so we could go back and not buy in the mountains. We could have waited one more year and bought in a better location, but we were so eager to get out of where we were and so tired of waiting. If I knew then what I know now...but hindsight is 20/20.
I am trying to stay positive, but I've been in a lot of pain this week and it just makes me get cynical. I am still waiting to hear back from the doctor's office about the MRI. I called on Friday, had contact yesterday and was told I'd be contacted today, but it didn't happen, so I will call tomorrow and see where things stand.
We took a pickup load of compost out to the lady who we sold our first rabbits to and got to see several litters (2 at almost butcher age, and two one weeks old litters). Coriander doesn't remember me anymore. She did the last time I saw her, but now she doesn't. Her kits were beautiful. She'd been bred with a chocolate silver fox and there was a beautiful range of colors in the nesting box. She's a very good mother, though I expect no less from one of Serenity's daughters.
There is a man who is close to making an offer on our old house. It is between our house and a house in a slightly different area of our state. Please pray that the guy will make the decision to buy our house. We really, really need to sell this thing and I want to be able to move forward with our lives again with big steps and not just baby ones. Or for God to send us someone who can make quick decisions and get on with it.
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