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.
At the end of July, I thought that I had found my dream home. I made an offer. The seller countered. Then I accepted the seller’s counter offer. I was already trying to schedule the home inspection when my realtor, Robert, texted me that the seller wanted to hold off. Well, according to Robert, the seller decided to sell the home to his neighbor’s friend. I was disappointed but then oddly felt relief. As much as I like the home and the area, I was a little worried that the location was a little too isolated. It was close to buses but far away from the train. I was concerned about how I would get to and from work. Robert would still make his commission as he was acting as both the buyer and seller’s agent. Everyone was happy except for me. I then called another former realtor, Louis, and we began looking at properties. We went to an open house on a quiet street, a few blocks away from a subway station and a block from a bus, that was listed below market value. There w...
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