I just saw the inside yesterday and Hubs saw the house today. We likey...a lot.
Monday we go to find out about financing. The house is humongous, and it's going to be sold most likely at half it's value. There is another offer on the table and it's been there for 6 weeks. However, it's waaaay low and they want to make it a group home. This is not a group home neighborhood by any stretch.
We have to negotiate inspections and all kinds of stuff with them. But if we are lucky, we will get it at a price we can afford. Each kid would get their own room, there is so much space, storage, even a finished basement! I can't describe accurately really because it's so huge, I can't remember where what is. This would be perfect for the kids. Aside from an outer brick wall and mature trees surrounding the perimeter, there is actually a gated courtyard where the kids can be seen by us almost anywhere in the house and they will feel safe! *sigh*
I know this because they let me know. The kids love it too. They all picked out rooms and no one picked the same one! The layout would have 2 kids on one side of the house and three kids on the other. Which works because the number of kids who get along is split exactly like that. If that makes sense. I think there were actually a couple of rooms left over. I can't remember.
I'm keeping my fingers crossed. This is what we need and it looks like we have three hurdles to jump before we will know for sure.
1.) Financing
2.) Negotiation on price
3.) Sell our home
This house has been on the market since February Before that it was taken off the market in December of last year and I don't know how long it was on that time. The chances of someone else coming along and swooping it up are slim, but a possibility. If only I could guarantee the time! Everything depends on time.
I'm excited about the house, really excited. But I also know if it doesn't work out, I have the money to buy those 6 ft American Holly Bushes and I can start planting them in the front yard to start with.
I still have no idea what my home is worth yet. But I know what it appraised for when we bought it so we should at least clear around $40,000 from it for a down payment and that has to count for something.
Right now, everything depends on our Monday meeting with the mortgage company and what we qualify for. This might be a toughie because of our income ratios and the sources of income. It's hard for me to understand because I thought the kids income was for living expenses, after all if we didn't have the kids or if they didn't have their various disorders we wouldn't need to be looking for another house really or at least not one that big. You know? I had a successful online consulting business that I had to close down in order to deal with all the kids and their needs. At this point, I can actually see the light at the end of tunnel and reopening that business back up again.
Oh and Thank God we found out I should be getting my budget information and hours next week! Phew, I've been stressing out about that as well, because if you remember I've sort of been layed off since May 17. So I have no proof of income even though when my income comes in it will boost us again. That will be fun explaining to them why it happened and how it will be better and will never happen again.
Oh.the.stress.
Pray for us please.

PS. The realtor said something that totally stopped my heart. She said that we shouldn't ever outgrow this house unless we have other family members with kids we might get. Hubs and I are the Godparents to my sister's kids (my nephews). If something happens to them, we inherit the kids! They were in that car accident and P has herniated discs or slipped discs or something like that with his back and T goes in for surgery on her arm on Monday because they told her that if she doesn't her arm will basically die! All from a car accident?!?! I love my nephews but please...no. This sister is the opposite of my other sister. Our kid's mother was abusive and neglectful. T spoils these boys rotten, they are attached to her hip and they can't do anything wrong for the most part. Especially little E.

1 comment:
Wow.Cant wait to hear what happens next.
Post a Comment