We made an offer on a house on 4/20! ... and now we wait.

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Revenant

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We put in an offer on a house on 4/20!

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We started negotiating on 4/19 but the seller didn't accept until 4/20 and that's when we put in the bid contract - which is the only thing that matters under Texas law.

We're still waiting on confirmation that they have signed it to put the house under contract after most of yesterday was lost to hashing out a minor issue in the draft of the contract we signed and submitted on 4/20, so we re-signed and resubmitted yesterday and... fingers crossed. We found out at like 10 PM last night that the seller agent was blaming the delay on a new assistant and even the sellers were texting her repeatedly wanting to know where the papers were.

It's a great house. We're getting a great deal on it given the state of the market. The catch is they want a leaseback that extends up to potentially 7/31. So even if we close in May we may not be living there until August - which might not be the worst thing for my submissions?

It is on the higher end of our range though, so I expect the coin and currency budget to take a hit for the rest of the year. I may not do much other than these planned low-cost submissions with the grading credits. We’ll see. Life has surprised me before, even recently.

I got the confirmation from NGC late last night that my coins are in the system. I can now stop worrying in a paranoid fashion that my coins went to the wrong box and disappeared into the ether. That feels good. My flat rate boxes arrived so I hope to send in my checks to PMG soon and my bond coins are on their way from Europe! Huzzah! Still waiting on a sale to go back and get the older issues. I expect that to pop up some time next month. In the mean time I got some cotton gloves for handling the when they arrive.

But, it feels like there’s a lot of waiting to do right now… waiting on others on the house, on the submission, on the bond coins to arrive, waiting and holding out for a sale…

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I'm continuing to try to sell some old collectable miniatures I've had since I was in high school. I'm being spurred on by the desire to get rid of these before an up-coming move and I'd like to use the cash to maybe fund some possible and note buys, or maybe just do something else more fun than looking at these sit and collect dust in my house.

I'm increasingly running into people that want to buy them for $10 after shipping when it costs $4-8 just to ship them - to say nothing of the cost of boxes, packing material, tape, or printing mailing labels. I've just had to tell people, "Sorry, but I'm not here to just make work for USPS." If I can't make money on this I'd rather just let Ben play with them until they break or put them to the curb. I don't need the money that bad.

The really funny ones are those that will say "I can get it for $10 on eBay." "Then why are you bothering me? Go get it there!"

But I really just don't know how those eBay sellers are making any money - especially after you add in fees. It just isn't worth it to pocket a buck after all that time and effort. But maybe some are harder up for cash than I am?

Edited to add: They signed and the house is under contract now, and it looks like our upfront costs and payments will be lower than expected/ feared because of some tax credits we didn't know about (homestead).

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Chill out.  It takes a while these days to actually close on a house with a bank. My daughter and her fiancee had to change banks to meet qualification protocol after losing 3 different contractors for upgrades the bank wanted. Sit back and get ready for a rough ride!! :) 

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1 hour ago, Six Mile Rick said:

Chill out.  It takes a while these days to actually close on a house with a bank. My daughter and her fiancee had to change banks to meet qualification protocol after losing 3 different contractors for upgrades the bank wanted. Sit back and get ready for a rough ride!! :) 

We have 3 or 4 pre-approvals from shopping around for rates and the house is only 7 years old so I don't expect it to need much work. This should be pretty easy. Should be. We'll see.

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Best of luck, surprised that the market there is that easy given the number of people that have been moving there.  Here is way worse as we have had a massive influx of people moving out of CA and other states run by a certain political party.  House prices here are skyrocketing with no end in sight, to "win" a house here you had better be prepared to bid way over ask and have a ton of cash on hand too.

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16 minutes ago, Coinbuf said:

Best of luck, surprised that the market there is that easy given the number of people that have been moving there.  Here is way worse as we have had a massive influx of people moving out of CA and other states run by a certain political party.  House prices here are skyrocketing with no end in sight, to "win" a house here you had better be prepared to bid way over ask and have a ton of cash on hand too.

Yeah. We're getting it for only about $2,000 over ask, but with $5,000 in closing costs, almost unheard of in this market, at a cost of about $120/sq ft. All super reasonable for a newer house that has never flooded with a great new elementary school. But it's all because of the negotiating power that leaseback condition gives us.

Even kinda bad houses here are going under contract in just a day or two, even at prices I'd normally call very steep. We got lucky on this one.

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