Tales From a Triplet House

Tales From a Triplet House
Life is what happens when you're busy making other plans...
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'Be careful how you interpret the world: it is like that.' - Erich Keller

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For the past several months I have been on a roller coaster ride called “Trying to Buy a Short Sale”.  ‘Short Sale’ is a terrible name for the kind of home buying this is.  I know it refers to the price of the house vs. the amount owed on the house, but it implies the exact opposite of what you think it would be on first impression – the timeline of the sale process.  It should be called the ‘Long Sale’ or the ‘Stress Sale’ or the ‘Hurry Up and Wait’ sale.  I feel bad that people are having to sell their homes this way, but right now it is the ‘Only-Way-We-Can-Afford-a-Bigger-House-Sale ’.

Meanwhile, we live in the house we bought before kids.  The house we bought as a starter home and actually said these words, “We can live here until we are ready for the third child. That should be right about the time we will be financially able to move too.”  Riiiiiiight... and three years later, we had triplets and dropped to one income, right in the middle of the real estate boom.

This is where that Blog subtitle comes in, again; ‘Life is what happens when you are busy making other plans’.  So, here we are, still in this starter-home with three kids about to go into Kindergarten.  Things are getting tight.

We’ve been looking at houses for 8 months now.  With so many more things to think about, this move is way more challenging, strategically, than our last move.  Now we are thinking about schools and what city to live in.  We’ve been doing a lot of ‘if this house then that’ or ‘if that than this house’...Meanwhile time is ticking closer to the first day of school.

We have two offers floating around out there, one in Roseville, and one in Rocklin.  The one in Rocklin is looking like the better possibility.  It’s sooooo close to being in Roseville that I have to wrap my mind around a whole new perspective - simply because of two blocks from a line on a map!

After 8 long months of hurry up and wait I now just want to sit back and let the Roseville/Rocklin decision be made for me – whichever one lands first. Live life and to heck with trying to plan this!

PS: I know the home-buying process has been dragging on for a loooong time when my son started incorporating a 'For Sale' sign in the front of his art work houses!  LOL!

Topics: Real Estate, home buying, moving
posted by ThatTripletMom on Monday, August 18, 2008 at 04:48 PM
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posted by pictureit on Dec 2, 2008 at 09:10 AM
Well, I for one know about short sales as I have been trying to short sell our house for about 6 months, before that it was a regular sale for the past year and a half.  We finally had to stop paying for it since the bank sat on the other offer for a month and the buyers finally gave up.  It really put us in a sling as my wife already accepted a job in Mather, CA.  So, we moved her and I waited for the next offer with the kids.  It came in early November right after I was laid off my full time job (6 years).  We were hopefully they could get it all done and close before we had to foreclose the house.  It's now December 2nd and we have gotten 2 more offers, which means its going to dragged out even longer and now we are for sure facing foreclosure.  This whole thing stinks!

I feel for you as a buyer, but you're right that the sellers have to go through a lot too... I have the mortgage company pestering me weekly for a payment. They don't get the fact that we had to relocate to be able to afford to live and to give me a chance to find another job and be able to put the kids in daycare.  If they had just given us the opportunity to work this all out over a year ago or complete the 1st short sale in a timely manner...  Downey Savings has been terrible through this ordeal!

Sorry to rant and rave about this...
posted by ThatTripletMom on Aug 19, 2008 at 10:21 AM
Well, there have been two houses of our same size in our neighborhood that have sold within the first week they listed.  Apparently, 3br/2ba houses are the only size still selling well in this market. That's the fortunate part.  Of course you never know what the market will do from month to month lately. Plus we are heading out of the summer selling season.

There are no contingencies on a short sale.  You get such a great deal n the price there is no negotiating room for other things.  But, if our house does not sell quickly, we can always rent it out.  Our neighbor just rented out their same floorplan house so we know what we could get for rent.  We bought in '99 so the going rent more than covers the mortgage.  But I'd rather sell.
posted by creatress on Aug 19, 2008 at 09:53 AM

That's totally funny (about the for sale artwork). How cute!
So it sounds like you're going to buy a new house first, then sale your current house. Are you worried that you'll have a hard time selling your house? Are you buying with the "out" that the sale will fall through if your house doesn't sell? It's a GREAT time to buy, but selling would make me scared.

Rocklin has come a long way. I personally like it better than Roseville. Antelope is nice too. Happy house hunting!

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