Wednesday, July 16, 2008

nail biting

This morning I got my first offer on the house. With a listing price of $99,900, the buyers offered a price of $95,500 but asked for me to pay up to $3500 in closing costs, making the total net offer $92,000. After a counter, a counter-counter, and a counter-counter, my final price is $98,500 with the closing costs covered, making the total net for me $95,000. I bought the house for $73,500 and paid $1000 of the closing costs. I'm hoping my pre-tax check from the mortgage company will come in at $20,000. That would make me very happy. Right now I have to wait and try to get sleep not knowing whether or not they will accept my final offer. I won't go lower than $95,000 - it'll be too close to breaking even, and I have put WAY too much blood and sweat into this house to break even or (NOOO!) take a loss. The excellent news, though, is that this offer came in this morning, after my house had been on the market for ONE WEEK.

If I get this hypothetical $20,000 check, though... none of it is really mine because I probably owe that much on my credit card between my graduate school tuition, my furniture, re-wiring this house, plus all the other renovation materials and costs - oh, and some new clothes and a plane ticket. My plan is to pay down almost half of the debt and put the rest in my bank account. I'll transfer the rest of my debt to a new card with a year of 0% interest, and hopefully my next renovation will yield enough to pay off all debt and put me on top of where I would have been had I never dabbled in real estate. The goal is to get enough money to pursue some writing and travel. I want to be wreckless in my youth, I also want to be well and independently funded. My grandmother had to loan me money this month in order to keep my head above water. I could have done without it, but it would have cut very close to the danger zone. Neither borrowing nor having $100 dollars to my name feels very good. Come on, accept my counter-counter-counter offer!

I had been planning to go to a teacher workshop tomorrow called "Worksheets Don't Grow Dendrites" which is supposed to be amazing, but sadly I realized that it is 1.5 hours away in a rural elementary school cafeteria. This location for the workshop makes no sense to me, and I decided to bow out. I'll spend the day tidying up my yard in case the offer doesn't go through and more buyers need to come through. Friday's workshop, "Shouting Won't Grow Dendrites" is by the same lady, and is actually being held in a place I know - my own school! I'll go to that one. I need sixty professional development hours per year, and I'm on the cusp of throwing in the towel on finding another job. The towel is pretty much in the hamper. An extra year of teaching will probably be better for me in the long run - but I'm sad to say that I am not looking forward to it. I hate the commute, and as much as I like English literature and most of my students, (I adore quite a few), I hate repeating myself literally six times a day. My goal is to eventually have a job that neither makes my brain numb nor gives me cotton mouth. Again: come on, accept my final price! Patience is overrated.

The big accomplishment for today, though: I got my bike tuned up at Chainwheel and purchased (spending my profit again) a bike rack for my car. The bike is back, and I couldn't be more excited! This evening I went around part of the River Trail - I saw two skunks (a safe distance away) and birds sweeping the sky at sunset. Biking is surely the sport of dreamy nature lovers.

2 comments:

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