Yesterday was Election
Day here in New York, so I got the day off work. The day off give me the opportunity
to reflect on the last several months and after serious consideration, I have
come to the conclusion that perhaps I need to take a break from my property
search. I’m disappointed to have to end
the search but I feel like I’m not able to find what I want, in the neighbor
that I want, at a price I can afford. It is the first time in this long drawn
out process that I have ever considered taking an “hiatus”. Yesterday, I spoke to my loan officer, about
the most recent property that I made on offer on. The bank continues to have
concerns regarding the financials of this cooperative and is in doubt that the
mortgage will get approved. Despite us requesting documents from the coop, we
have yet to receive them. I plan to meet with my attorney today to discuss all
of this.
When I started this blog a year ago, I was in contract on a two bedroom cooperative in Brooklyn, NY. I was very enthusiastic about getting the property and I started planning my design strategies. A year later after being denied by the coop board for the property, I have taken a bit of a break from my home search. I will still update the blog from time to time. However, I am less enthusiastic about the property search and haven't really seen a coop that grabs my attention like that first apartment did. There are certain things that I do not want to compromise on such as location, price and bedroom space. I haven't become a homeowner just yet but I haven't lost all hope of that happening. It just may take a longer time and I'm ok with that.
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