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I'm sad and disappointed

ALBiMale1975 said:
I think the bigger issues is....
Why are you looking for a new place and not your Parents?
It's your house, not their back-up plan.​
Click to expand...

I am slightly in agreement with this.

Are your parents buying back their house from you?

We can be very close to our families without letting them rule our lives. Do you really want to move is the more important question.
 
dpnice said:
I am slightly in agreement with this.

Are your parents buying back their house from you?

We can be very close to our families without letting them rule our lives. Do you really want to move is the more important question.
Click to expand...

Yes, they are buying it back. I don't care about moving. I'm disappointed because I had started developing feelings for that new place by the river.
 
It is bank owned, houses of this nature are generally sold in a "as is" condition. This addendum is to keep you from backing out if it is found that the home has issues, structural, electrical etc.
Also it is to keep you from approaching the seller (bank) after inspection and asking for money for repairs, it is to seal the deal.

I would stay away from foreclosure, short sale and bank owned properties to avoid this in the future, sorry you didn't get this house,
but it means that there is a better one out there, don't give up.
 
If you knew everything about the house that you would experience once you moved there, it's not guaranteed that you would be sorry if you had moved in, but I think it's rather likely. Very possibly it's some irreconcilable problem, such as rampant mold of a dangerous variety, or foundation issues, or perhaps it was never insulated for some reason (more or less an issue, depending on where), perhaps there happens to be no safe wellwater supply, etc.

I, for one, would NEVER consider anything on a flood plain, for any reason. (But, OK, I would never live in a "snow belt" or in the desert, either.) Climate change is, I believe, causing more and more flooding to take place worldwide. The warmer atmosphere (on a worldwide average, with 2014 heading to be the hottest year ever) holds more humidity, making catastrophic deluges and storms more likely. I would not want to live in a place where, given enough years there, I would almost be guaranteed to lose it in a flood.

Water views are wonderful, but not the kinds of water views that almost guarantee flooding at some point, or coastal places that can easily be wiped clean by a hurricane storm surge, etc.
 
Well, I just found another place that I could like. This new place has a lot more land. Like 3 times more land. Also a little bigger than the other place. And it's not in a flood zone.

Already told my agent about it. And she has contacted the owner. We will be seeing it tomorrow.
 
Well, I just found another place that I could like. This new place has a lot more land. Like 3 times more land. Also a little bigger than the other place. And it's not in a flood zone.

Already told my agent about it. And she has contacted the owner. We will be seeing it tomorrow.
 
Well, I just found another place that I could like. This new place has a lot more land. Like 3 times more land. Also a little bigger than the other place. And it's not in a flood zone.

Already told my agent about it. And she has contacted the owner. We will be seeing it tomorrow.
 
Good news. I think I found another place that I like. Already saw the outside. It's got 3 times more land than the other place. Also a little bigger on the inside. My agent said she will get us inside tomorrow. She'll just contact the owner first thing in the morning. It's not bank owned.

Wish me luck, guys.
 
Oh my god! I accidentally stumbled into an info that I didn't want to know. My next door neighbor's house is in pre-foreclosure. They have a teenage daughter who's in high school. God, this is depressing!
 
When presented with contracts with addendums like that, you can usually negotiate away onerous clauses.
If the seller insists on unfair clauses then it's worthwhile rejecting the purchase as you did.
 
So, just found another house that is really good. Actually, it's almost perfect for what I'm looking for. Nice big kitchen for the b/f... hehe just joking. It does have a nice size kitchen, though. My b/f and I have already made a pact to start learning how to cook. So far, we've been surviving on canned foods and ramen noodles.

When I was ready to make my offer, I was informed by my agent that several people have offered for the place as well. So... I... offered a price that is... a lot higher than the listing price.

Well, I probably won't hear back from them until next week. Wish me luck.
 
dpnice said:
I am slightly in agreement with this.

Are your parents buying back their house from you?

We can be very close to our families without letting them rule our lives. Do you really want to move is the more important question.
Click to expand...

Ok, a little explanation. This house that I bought from parents is big. I grew up in a big family. 5 of us kids and my parents. That makes 7 of us. The house has 6 bedrooms, 3 full size bathrooms, a half bathroom, etc. With a finished basement. There's also a loft area set up as a kids play room.

When my folks told me they wanted to move out east closer to my brother, I thought it was a good idea to buy this from them and they thought it was a good idea to get a smaller place in their old age.

Well, it didn't turn out like we want. This place is too big for me and the boyfriend. And my parents regularly host family get together events so their new smaller place can't hold these events comfortably. Also, my brothers and sisters families would have places to sleep here.

So, when my parents called me up and said they wanna get this place back, I was like hey I want a smaller place, too. So, we've been looking for a typical 3 bedrooms place. Master bedroom can be our bedroom and the other 2 bedrooms can be our offices... or when we argue LOL
 
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