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Checking in

February 14th, 2018 at 03:41 am

Hi all 👋🏾

It's been a minute but I have a lot to post.

Finally went to court and got the approval to sell the house. Could have sold it to the investor the same day but my big mouth sister got up and started crying and carrying on so the judge opened it up for bidding. Now I have to wait 30 days for offers and close with in 45 days. 🤦🏾‍♀️

Next I fell off the wagon with my budget, buying planner stickers 🤦🏾‍♀️

I finally got around to starting my taxes and it looks like about $1500 will be received, I'll finalize everything this week but if that's the case all is going to CC4.

This week, thank God CC3 should be paid off. I worked in this next budget period to knock it out. I'm so happy this mess will be gone.

I met with a realtor regarding the condo and what the owner is asking, she informed me that the $140k is below market price so it looks like this is the place.

I started my February non-fiction financial book and it's pretty good. It's Michelle Singletary's 21 Day of Financial Fasting.

Lastly, my manager was fired so literally we are on our fourth manager within one year smh. I had to start the process over asking for my raise. I was told that I should know by the end of the week, prayers please.

That's it so far

7 Responses to “Checking in”

  1. creditcardfree Says:

    Lots of good news you have to report!

    Not sure why I can't keep some things straight. Selling a condo? Buying a condo?

  2. AnotherReader Says:

    Why are you selling the house to an investor that probably low balled you? Can you not list it on the open market and get more?

    Just because an agent told you an asking price is below market does not mean it is. Have you looked at all the comparable sales? Will this purchase still allow you to pay off all your debt?

    In your shoes, I would pay off ALL the debt before I bought a property. Rent if necessary. It might be better to rent anyway while your job is not secure.

  3. snafu Says:

    Happy to see your post. Hooray, finally clearance to sell the house. Since DS believes she has a stake in this project, I hope you'll insist she go over with some cleaning products, trash bags/boxes and clean it up, ready to show perspective buyers. e required Will repairs be needed? Lightbulbs? Does she understand there will be realtor fees, back taxes, utilities possibly transfer costs? I don't know the terms of late dad's will but if she expects to share in the proceeds, she must share costs and take some responsibility. You've carried the entire load the entire time and nothing is hers for the asking either Smart Women Finish Rich, is good to add to your repertoire. It really helps to zip through your planner, adding stickers [2 business days in advance] to define due dates of cc 3 - 10, pencil in sums for sinking funds, vacations, and anticipated vehicle maintenance. If you have voice notice on your cell phone they add those as calendar reminders. It feels wonderful to do strikeouts as the balance dwindles to zero.

    Not meaning to be noisy, would you be willing to share details of condo features, terms and conditions, many who follow you have serious experience that may be helpful.

  4. Amber Says:

    Hi all

    I'm selling the house my brother and I inherited, my brother is a real jerk. So it must be sold. The issue is that my dad never did anything to the house since the 70s, there's a ton of repairs that has be done if I was to go through a regular buyer. For instance there is an electrical box on the house has been outlawed since the 70s and to repairs is about$15k so it's better to go the investor route.

    I actually revised what the condo was selling for in the area it is below the prices in the area. I am going to do a little bit more research. Once the house is sold I plan on paying off all debts and using the remainder to purchase.

    Oops and my sister, she simply wants to purchase but honestly I do. It think that she'll get approval for a mortgage until we fix some things and she knows I'm not doing that.

    The condo is a 2/2, vaulted ceilings, no new upgrades, and a few repairs not huge ones such as a light switch and a new fridge that I'll purchase from a scratch and dent. It's tiled through out, located ins fairly good neighborhood. It's actually four units but I'm purchasing only one. I'll have to get the exact square footage for you all

  5. ceejay74 Says:

    Hi Amber, a couple notes on condo buying: Make sure you know how much the monthly association dues are and what they cover (which utilities, insurance, is additional insurance needed?). It's another cost of ownership to consider on top of all the other ones.

    Also be aware that sometimes condo associates levy an extra chunk of money from the owners to pay for a big improvement on the building. My association never did but our monthly fees were very high compared with other places, which I think made it harder to sell; people couldn't tell one of the benefits was we wouldn't get charged outside of our dues. I know several people in condos with lower dues where they were responsible for chipping in thousands of dollars for new windows for the building (or another improvement.

  6. DW Says:

    Hey Amber! Its good to see your post.

  7. snafu Says:

    I suggest you ask to see the condo Association Board Minutes, look for any statement about 'Reserve Funds.' Any shortfall is very serious. Check with police, ask how many calls in 2 years to any of the 4 units in that [address] complex. Your neighbours and their squabbles affect you. What are the rules about pets? Pull open the stove drawer, beneath oven, and look at the very back for any evidence of mouse droppings. If any of your neighbours have vermin in their unit, you will likely be affected too sometime in the future.
    I'm sure you already know how important it is to flush every toilet, turn on every tap, shower, faucet to see water pressure, how long for hot water, how old hot water tank

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