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.
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.