I made an on offer on the coop, which the seller quickly
accepted. I was so grateful that there wasn't any back and forth negotiations. I strongly feel that both the seller and I
are getting a good deal. However, having been through this process once before,
I remained optimistically cautious. For the past two weeks I have had the coop
board application on my desk while every now and again I would thumb through it. The coop board application is nearly $500
(which is non-refundable) and I wanted to make certain that I got mortgage
application approval before submitting the documents and sent off the check.
Last year when I was working with HSBC, my mortgage application was denied in
underwriting. Today I spoke to my loan officer and he informed me that the
underwriter has approved the application. I was beyond elated. On that great
news I called my attorney and we hope to meet sometime next week to sign the
contract which means I have to continue working on that coop board application
tonight. Wish me luck.
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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