Wednesday, August 29, 2007

The Fixer-Upper


They asked 175, we offered 145, they countered 163. Decisions decisions.

13 comments:

Jay said...

160!

Dave said...

Not a lick over 159,999.

Mike said...

Sounds like a deal. Cute house, love the screen porch!

Jay said...

Keep in mind that every thousand dollars you finance translates to only about $5.00 more a month (if you're doing a 30 year mortgage). So, $163 versus $160 is only $15.00 more per month on your house note.

Joe said...

We took it. That was his lowest offer. We're doing the inspection next week.

Joe said...

Now they've come back and said the husband agreed on that price, but not the wife. So deal may be off. More to come. Grr...

Dave said...

Sounds (and smells) fishy to me..... are the husband and wife separated or divorced?

Joe said...

I don't think so. I'm getting close to balking.

Jay said...

Some people get so flaky when it comes to selling their homes. We had a hell of a time with the guy that we bought our house from ...

Anyway, good luck either way.

Mike said...

Just to be annoying, I'll counter the "only $15 more a month" argument with the amount you would pay for $3,000 over the course of 30 years (at 7%): $7,190.12. That's over 6,000 bottles of premium beer, my friend.

Joe said...

Thanks, Mike. I needed that. They decided to go with the original deal. Game on!

Mike said...

Cool! By the way, paying interest looks bad, but the alternative--saving up until you have $163,000--would be much worse. Glad you've found a place to settle.

Dave said...

Congratulations, neighbor!