Sunday, January 2, 2011

Holy Moly We're In Escrow!!!!!

Yep that's right folks you read that right......We're in escrow on a new to us house!!!!!!

Holy Moly, I don't know whether to jump for joy or puke.....

The Story:

Turns out the original 'winner' tried to squeeze the bank to the tune of $100k and the bank told them to take a flying leap, I guess...

We were told by the listing Realtor to resubmit our bids....I think it was us and 2 or maybe 3 other people...one of who reads this blog!?!??!?! Hi R!

We fricken found out we were the winner when we where down south in Hell A visiting relatives...we had to do all the signing of contracts by an ancient fax machine and we had to schedule all our inspections long distance.

Today I dropped off our good faith deposit and found out that we've been in escrow since Thursday the 30th! I freaked initially cause I knew that they are only giving us a 7 calender day window to lift our inspection contingency....and all of our inspections are scheduled for Weds the 5th, a day before the deadline!!!

I've been told that the bank that owns the property has no problem extending the inspection period but it hasn't been made official yet...I'll sleep better when it does....not like I'm sleeping a ton now anyways...

Another thing that was inconvenient was that they only gave us a 10 day window for our loan contingency....seems a bit short to me, no?

Come hell or high water nothing that we do will cause this place to fall out of escrow! The only thing that has us losing sleep is the loan appraisal....the house is unique and has issues and I'm not sure how well the appraiser will take to it...

So, in the finest Neumansky tradition we are once again paying too much for a house that needs too much work...

Next up, lots of pics...

Next next up, selling the Chez,....how're we going to do it?

7 comments:

PerfessorEvil said...

Wow! Congrats!

Kate H. said...

Wow. Permit issues and all. It must be lurve-- or just the challenge of the thing?

Congratulations-- I think.

;-)

The MadScientist said...

Thanks Perf,

Kate, I think that the universe would implode if we bought a sensible house at a sensible price....so we're just doing our duty to keep the universe running....wait till you see the pictures!

Gene said...

w00t!

Are all the in-progress projects at the current Chez wrapped up? :-)

The MadScientist said...

Gene,
Hells-no!!! None of the projects are wrapped up...
We're going to have to sell the current Chez as-is....

Tish said...

That is a fabulous house for Halloween. We are jealous.

Brian and Tish

The MadScientist said...

Thanks Tish-B,
We're super excited about it to for Halloween...and a little bit scared...we're told to expect like 1000 kids! At our current place we topped out at around 300 this year...wow, 1000 that's a lot of kids...