Here I am again
So, I've sort of been condo-hunting, but there isn't much in my price range with my (admittedly picky) requirements so it was taking ages. I bid on one last May that I failed to get (by $2k because my realtor knows nothing). I put an offer on another one on Friday, but again I was against someone else for the unit and the asking price was only $1K short of my full limit so I figured that I'd never get it when the offers came back to do better. I made the closing date a month later and threw in that extra $1000, just in case. Last night my realtor called to say I'd won it. He suggested that the owners (who I'd met when I viewed it, which rarely happens) liked me better and might have been willing to give me a bit of a break if the offers were similar. Who knows.
So, I now need to go through all the paperwork, and lawyer stuff and bank stuff in the next week, transfer money to make it more accessible (and rescue what's left before the market drops anymore). I have no idea what all needs doing at this point. I'm waiting for realtor to turn phone on so I can ask him about the details. Given that it's Sunday I really can't do anything until tomorrow anyway.
The unit is still downtown, not terribly far from where I am. A little south and slightly east. It's a bit further from the subway and the supermarket (at least until they finish the bloody loblaws they've been talking about putting into Maple Leaf Gardens for the last ever). I can still walk to work in about the same time. The building has a bunch of amenities that my current one doesn't. Okay, other than no cockroaches my current one has no amenities. My father likes the 24 hour security guard. I like the indoor pool. Clearly we have different priorities.
Assuming there's nothing funny that my lawyer picks out, or that the building is about to have a huge repair that'll cost all the tenants a fortune (in which case I'm not buying), I will have possession on November 11 and will have about 3 weeks to move stuff as I won't be able to leave here until Dec 1. It'll give me a chance to clean, maybe paint something, have a better look at the floor plan and determine what stuff can go where. It's bigger than my current unit, which is good because I couldn't really go smaller. My mind is already making a lit of the things I need to buy, none of which I can currently afford, but someday. There are a few things I'm a bit worried about, like the age of the appliances, but as long as they don't all break at the same time I should be okay. If I'm lucky one or two of them will break before November because the contract is for 5 working appliances so they would have to be replaced at the current owner's cost. Best case scenario.
Anyone got any useful suggestions about property ownership?
So, I now need to go through all the paperwork, and lawyer stuff and bank stuff in the next week, transfer money to make it more accessible (and rescue what's left before the market drops anymore). I have no idea what all needs doing at this point. I'm waiting for realtor to turn phone on so I can ask him about the details. Given that it's Sunday I really can't do anything until tomorrow anyway.
The unit is still downtown, not terribly far from where I am. A little south and slightly east. It's a bit further from the subway and the supermarket (at least until they finish the bloody loblaws they've been talking about putting into Maple Leaf Gardens for the last ever). I can still walk to work in about the same time. The building has a bunch of amenities that my current one doesn't. Okay, other than no cockroaches my current one has no amenities. My father likes the 24 hour security guard. I like the indoor pool. Clearly we have different priorities.
Assuming there's nothing funny that my lawyer picks out, or that the building is about to have a huge repair that'll cost all the tenants a fortune (in which case I'm not buying), I will have possession on November 11 and will have about 3 weeks to move stuff as I won't be able to leave here until Dec 1. It'll give me a chance to clean, maybe paint something, have a better look at the floor plan and determine what stuff can go where. It's bigger than my current unit, which is good because I couldn't really go smaller. My mind is already making a lit of the things I need to buy, none of which I can currently afford, but someday. There are a few things I'm a bit worried about, like the age of the appliances, but as long as they don't all break at the same time I should be okay. If I'm lucky one or two of them will break before November because the contract is for 5 working appliances so they would have to be replaced at the current owner's cost. Best case scenario.
Anyone got any useful suggestions about property ownership?