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April 5, 2006

This time we're sure. I think.

I received the contracts for the perfect house today. Rex has already left for New Mexico again, so I signed them and the FedExed them to him. Thirty-five freaking dollars! Eh, well, compared the the price of the house, that's not even chicken feed.

Still, the things I could do with $35. Yes, I'm a cheapskate.

So, the whole thing about opting out of one house and offering on the perfect house. I guess I haven't really told that story yet.

We called Wally the salesguy back Monday to see if they had moved any on the price. They came down a bit, and we came up some, and we had a deal. The rest of the evening was spent in a flurry of phonecalls to the realtor, the mortgage company and to some friends and family, letting everyone in on the change.

Here's the rundown on what we lost in the deal:

  • The fee that we paid for the option period. We would have lost this even if we had gone ahead with the other house last week. It's not enough cash to worry about.
  • The inspection fee on the other house. We did get a break on the inspection for the new house, so it's less than it could have been.

  • The lock on our interest. As it stands, our rate is up .25% from where we had it locked in before. This is the biggest loss, because it adds up to a lot of money over the life of the loan. If the rates drop before we close, we'll lose less.

    • Hmm. That was less than i was thinking. I wonder if I've blocked something out of my mind already. We thought we were going to lose the application/appraisal fee, but since the appraisal hadn't actually happened, I think we'll be able to transfer that to the new house.

    Closing should still be on or around April 19th, so the the truck rental is still on.

    Posted by me at April 5, 2006 10:15 PM

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