Monday, August 09, 2010

Right before loml and I went back to those two houses, I got pre-approved for a mortgage. Being a single lady with a sizable donation being made by my father, I assumed my dad would need to co-sign. So what I should say is that we got pre-approved. For a mortgage almost twice the size of what I ended up with. Please remember this fact for later posts. It becomes infuriatingly important.

Next step was an offer. I think you should realize that this was all in May. So long ago. My realtor believed the house was way overpriced. The one thing that I want to be clear is that my realtor is awesome - both loml and i are huge fans. I would recommend him to anyone in Chicago. He impressed us on the first outing by somehow owning the building that houses loml's corner store. And it seems like he's lived in every neighborhood or has a sibling in one now. Currently he lives in my sister's hood and his sister lives in my future hood. If you want a recommendation, I'd love to share.

Original offer: 15% less than the listing price. Here's where I lose the full trail of things. I think she came back at 5% less then the listing. That was still too high. We volleyed with a counter-offer of 11% less. And then we didn't hear anything for several days.

I finally heard back, saying that the lady had decided to relist the house at 5% less. The realtor suggested that if we came up just a little, 10% less than her original listing, he thought we'd get the deal. When we discussed the offer from the beginning, the realtor said he thought the house was not worthy of an offer over 10% less than the listing - so we were at the very top of what it was worth. I was already emotionally involved with the house so I said, yes please make the offer.

June 4. One year anniversary with loml. Out to dinner (which turned out to be really bad, foodwise). His phone rings. He says he has to get it. I make a joke about him being a really bad boyfriend for talking during our anniversary meal. It is the realtor. Offer accepted.

I feel like I've set a precedent, so here is a picture of the already trashed/deceased poker room. I think you should know that this poker room kind of sold the house - I loved its kitschy-ness. It was, to my dismay, made of asbestos. More about asbestos later.

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