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Watch your step... it can get messy...

Thursday, June 10, 2010

House Hunting

So selling a house sucks... but now I'm in the market to buy again. But I will never be the jerk-buyer that I recently had to deal with when I sold my house in AL.

Update: As of 06/27/10, I found a great little condo.... it was bought as a foreclosure in February 2010, completely renovated, and put on the market in May 2010. The initial listing price was $125k.... but when I saw almost 30 days later, the seller dropped the price to $119k. A very short sequence of haggling resulted in a selling price of $117k.

However, as Murphy's Law is a fixture in my life.... snags have developed... more to come...

Update: As of 07/21/10, the homeowners' association still hasn't resolved the delinquency issue so my loan can be approved. Apparently because of the fallout from the recent mortgage disaster, lenders now require that condos with a homeowners association cannot have more than 15% of the members behind in their dues. The HOA for the condo I want has a 19% ratio.... so basically because 4 people won't keep up their dues means that the 4 people who want to buy into that neighborhood can't.

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