Housing Update – Purchase In My Future?

So upon very sound advice from CLicious, I went to see the lawyer.

He reminded me over and over again what an idiot I am for investing in a property without a written agreement.  Once we got beyond that, he helped me figure out what my options are.

He said that I should NOT move forward with the open house/sale of the property until the owner and I have a written agreement in place – he saw 2 reasonable options – a Purchase or a Settlement Agreement.  Whichever I chose, it needs to happen before anything else happens.

So I called the owner, said I wanted to talk, and I met with him last night.  We spoke openly and honestly about what we both need/want from this…  we agreed on a sale/purchase price.  if I can qualify for a loan, I could be the new owner of a very nice home on a large lot in the San Francisco Bay Area.  Since it’s the weekend I’ll need to get in touch with the lawyer, draw up a purchase agreement, and find a broker first thing on Tuesday.

On the work front, I have a huge demo to deliver on Monday so I’m working this weekend.  I cannot wait for this project to be done.  I’ve spent most evenings and weekends working since January of this year. I’m tired and completely burned out … I need to take some time away to adjust my perspective… or find a new job.

I’ll update you later this week on my progress on the home and work front.

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One thought on “Housing Update – Purchase In My Future?

  1. Herald Spain April 29, 2012 / 8:55 pm

    First Paula, I am so so sorry about the house drama. It is hard to imagine a more nightmarish situation. I am glad you talked to a lawyer and you have a manageable plan. I wish you as luck with the loan and property aquisation. You are in line for a good run of luck so I hope it comes true.

    Will not wish you luck on the work front. Just be a rock star ad make your company richer.

    Be well H.S.

    Like

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