Showing posts with label selling houses. Show all posts
Showing posts with label selling houses. Show all posts

Sunday, February 10, 2013

A Love/Hate Relationship with a House



At one time, I had more rooms in my house than I knew what to do with. We had ten rooms if you count the scullery and the enclosed porch, but not the exterior porches (three down and an upstairs sleeping porch),

the bathrooms, the attic, the cellar, and the hallways which were big enough to rearrange the furniture that was in them when I had a better idea. Of course that house almost killed us, trying to heat it.

We had two gas furnaces, one up and one down, four fireplaces (two with woodstoves), and an outside wood furnace that took two pickup truck beds full of wood per week to keep going. And still we were cold.

I have a love/hate relationship with that house. I feel guilty for unloading it because it was incredibly beautiful with original details like bead-board on all the walls and ceilings (one of the reasons we couldn’t heat the place—I’m talking about individual slats of one-inch bead-board, not paneling),


unpainted woodwork,

windows with wavy glass, a built-in china cabinet with the original owner’s name penciled inside and the date—1904,

turn-of-the-century light fixtures, and fifty-three acres of land abundant with flowers and flowering trees like purple plum trees, ornamental cherries,

rhododendrons, azaleas, and hibiscus. There were also red bud trees, crepe myrtle, a weeping cherry, wisteria, and daffodils. There were cobblestone paths, gurgling creeks with hand-made bridges,

meadows and fields, barns, a cottage, and a carriage house that once was a rest stop for horses and buggies.

It was truly a beautiful place, more than anything I ever imagined having, and I continuously worked on it, feeling like I was saving it from the previous owners who had wrecked it. It took me two full years just to paint it. I couldn’t use a roller because of all the gaps in the bead-board and so I had to do it all by hand, including the ceilings. It took three coats of paint altogether because it had to be primed first. The ceilings were high, maybe another three feet or so higher than most standard ceilings, so that added to the painting, giving me more wall to cover and adding to the difficulty since I had to maneuver the ladder around. I finished painting it right about the time we sold it. Maybe it was the painting that almost killed me but I didn’t care because I loved that house and I worry about it because a house can so easily fall into the wrong hands and fall into disrepair and an old house, especially, needs constant attention and definitely constant painting.

I also feel guilty because I like the person I sold it to. I didn’t tell her about the Evils who lived next door. If you can call it next door. It was across the road, through the creek, and over the mountain if you went by four-wheeler or horseback. If you drove, it was three miles around. But it was the adjoining property nonetheless. The Evils were the previous owners who had wrecked it. Even though they were only there for a short time, perhaps they felt they had a claim to it forever, or maybe they just felt they had the right to ride roughshod over anyone in their path. At any rate, it was close enough for the Evils to stalk, harass, vandalize, rob, and assault me and my family. For what reason in their sick, demented minds, I really have no idea. The only thing I can come up with is they thought I called Animal Control on them. I hadn’t. But I was thinking about it. This was a bit of information I neglected to share with the person I sold the place to when I was telling her how lovely the purple plum trees looked when they were blooming.



I justified it by telling myself that I was going to die from the stress if I didn’t get out of there. I also told myself that the new owner—let’s call her Naomi—sort of deserved it because she tricked me into giving her the place for fifty grand less than I had planned to. Okay, forget “sort of.” There’s no “sort of.” If I’m going to be honest here, I wholeheartedly thought she deserved it, I was so mad that she scammed me on the price of the house. (Of course business is business and she was clever—I really can’t fault her for that.) I also thought that just because the Evils were attacking me, didn’t mean they would attack her, though I have to admit, if their record of fighting with everyone around town was any indication, it didn’t look good for the new owners.

But all’s well that ends well. Naomi was stronger than me and I think she was meant to be there (someday I will tell you the harp story) because she gave the Evils a run for their money and was instrumental in them finally getting arrested for animal abuse and it wasn’t long before they lost their house and hightailed it out of there, leaving the neighborhood the bucolic and peaceful place it once was.

(Ironically, they rented a place in the same county I had moved to and though I lived in fear of running into them, and did in fact see them in Walmart one time, which caused me to abandon my cart full of Great Value paper towels and Suave conditioner, I never saw them anywhere near my side of the county and so they had no idea where I lived.)

In addition, Naomi forgave me for selling her the place. When I finally came out with it, the story of what the Evils had done to us, and apologized for not telling her, she didn’t sue me, retaliate, or even get mad. We keep in touch. The Evils are gone and she got the place for a good price. Of course she’s freezing her ass off in there. But once the purple plum trees start blooming, she’ll forget all about that.

Tuesday, July 5, 2011

Stuck in Virginia



Every time I get my heart set on a house, something always happens to mess it up. This time we waited until everything looked like it was a done deal with my buyer. Let’s call him Kip. Kip was pre-approved, his buyer was pre-approved, plus his buyer didn’t have a house to sell so we didn’t have to worry about that. Kip’s buyer had already done the inspections on Kip’s house and everything was good there.

I even called the loan officer myself. He said that with Kip’s 20% down, one year’s worth of mortgage payments in escrow (because of relocating and having to start his business over fresh), his good credit and loan-to-debt ratio, there would be no problem. He said Kip was “strong.” The last thing I did was wait for Kip’s buyer to get his mortgage commitment. I covered Kip. I covered Kip’s buyer. Then we went house hunting. We looked at the nuclear reactor house, we looked at the house on the highway, we looked at the house that even I would set a match to.

The Alloway house was funny. The Alloway house was the very first house we were interested in back in the winter when we sold the house the first time but we never went to look at it because it was quite a bit over our price range and the listing agent said the owner wasn’t negotiable. She called it a thorn in her side and said she’d taken dozens of people to see it but he wouldn’t budge a penny. He wanted close to three hundred thousand and our price range was low 200’s so no sense going. But now, lo and behold, it was down to $249,900, plus a new septic tank had been installed. Sometimes things are a blessing in disguise! Our new agent happily took us to see it.

I can’t even go into telling you about it. I’m too upset. By the time I posted the last story about house hunting and was getting ready to tell you about what we got, it’s over. After everything I did to micromanage the deal, all the checking and double-checking I did, after everything I did to make sure everyone was doing their job and no one was leading me on to believe that my buyer could get a mortgage when he couldn’t, the deal fell through.

I found out the day I found out my father passed out on the kitchen floor, woke up vomiting blood, and got himself to the hospital by crawling to the phone and dialing 911. He’s okay now but this is why I have to get home! This is it in a nutshell!

I’m starting to think I’m stuck in Virginia. No matter how well-priced my house is, no matter if I keep selling it over and over again, no bank is going to lend anyone any money to buy it. We gave them all that money to bail them out, and yes, I understand that they’re cautious now and they should be, they shouldn’t have been lending people money for houses they couldn’t afford in the first place. But I keep bringing them buyers who can afford my house and it’s a good house, priced under the appraisal, and if these people can’t get loans, no one’s getting loans. The bank is sitting on all the money and foreclosing on people’s property—they’re like the king—they’re keeping it all! No wonder why the economy is still at a standstill….

The banks aren’t the only bad guys. You’ve also got the henchmen. That’s the lawyers. This is how it all played out: Kip’s buyer learned ten inches of Kip’s backyard was in one of FEMA’s newly designated flood zones and would require flood insurance. Supposedly Kip wasn’t aware of this. Kip’s buyer’s lawyer advised him to ask for more money off the house to “remedy the situation.” I can just picture what he said. “It’s a buyer’s market! You can get another twenty grand off the house for that!” Everyone was happy up until that point, including Kip’s buyer, a first-time home buyer who loved Kip’s house, but was, naturally, afraid to cross his lawyer, and his parents, who were hovering during the entire process like a new mother over a preemie in a crib and were now nodding their heads vigorously because they had such a good lawyer.

Kip said no; he couldn’t afford to give any more money off the house because then he wouldn’t be able to buy mine. I offered to give him another five thousand off the price of my house and the real estate agents offered to take less of a commission to help him make the deal happen. The real estate agents even got the seller of the Alloway house to contribute five grand. Then it was a roller coaster ride. One minute Kip and his buyer came to an agreement, the next minute they didn’t. It was on, it was off, it was on, it was off.

Pretty soon I’m going to be in the hospital with a bleeding ulcer just like my father if this keeps up.

Finally it was on. But then, even though we all kicked in money, Kip still had to lower the price of his house to satisfy his buyer, and now he didn’t have enough money for the 40% down payment the bank wanted. Yeah, if you’re sharp, you caught that. First the bank told us 20%. Now it was forty. I couldn’t believe it. I specifically discussed this with the loan officer myself in the beginning of this process because I didn’t want what happened with my last buyer to happen with this one—the bank leading us all on. But now 20% wasn’t enough. By the time I thought it was safe and bought a house, 20% morphed into 40%. Kip only had 35%. Plus Kip learned that the interest rate on the loan was over 8%, double the going rate.

So the deal is off. And now we are probably going to lose the Alloway house because I was bidding against someone else who wanted it and the reason the seller accepted our offer was because we assured him it was a done deal down here, we were closing, everything had gone through and all we had to do was pack. I suppose there’s a chance the other person who wanted it found another house. Or maybe he won’t be able to get a mortgage the way the banks are holding on to the money. Maybe a miracle will happen and I’ll sell my farm to someone else who actually can close before the Alloway seller finds someone new. I have been getting action. Someone is doing a drive-by right now as I write. I even have someone who came right out and said he wants it but can’t buy it till August when his divorce becomes final.

In the meantime, I can’t even tell you about the Alloway house because I’m so upset.

Saturday, May 14, 2011

Purple Dining Rooms Look Good To Me

I’m frustrated because I have a bunch of people who’d love to buy this place but they can’t because they have to sell their place first and it’s slow-going. The only one who was not encumbered by having to sell a house couldn’t get a mortgage because of the agricultural zoning and “the income producing nature of the property.” Meaning she could give riding lessons. Oh no, can’t have that. Can’t have someone making a few bucks to help out with the mortgage.

My place is in pristine condition. It has never looked better. Those words came right out of Pearl’s mouth. That’s because we don’t stop working on it. Every time we fix or clean something, we look around for another bug on a windowsill or cobweb to sweep. Short of tearing the whole thing down and starting fresh, there’s nothing more that we can do.

My friend, the real estate agent, suggested that I repaint it in neutral colors. I know. I watch all those shows too. Designed to Sell, The Unsellables, and Get It Sold.

This was on AOL Real Estate this morning:

“It's not that unique features aren't fabulous, it's just that leaving too big a personal imprint--the koi pond filled with rescued sea turtles--can be an impediment in this buyers-rule market. It doesn't matter whether you're a celebrity or Joe Normal trying to sell your tract house: Experts say this is no time for purple dining-room walls and computerized toilet seats.”

I disagree. Unless you don’t know how to decorate.

Here is the living room in my house in Jackson.
Not quite red. More like Snooki self-tanning orange. (I call credit if Sherwin Williams comes out with that color.)

I sold that place in one month for close to the full asking price.

Here is one of the bathrooms in my house in Oklahoma.
In my defense, I didn’t have a lot to work with—unless you’re going modern, there’s not a lot you can do with grey fixtures.

I sold that place in two weeks for the full asking price to a cash buyer with no contingencies, no appraisal, no inspections, nothing, and could have had a bidding war if I didn’t already shake hands with the guy. It was the second highest priced property on the market in the county in a depressed area. Not bad for a FSBO.

Here is my purple dining room they advised against in the above article.
It’s purple. Not plum. Not lavender. True purple. Country Living magazine wanted to do a spread on that place but I sold it before they had a chance to. That one took a little longer. About two months. Granted, I didn’t get near the asking price but I had other issues going on there. It was next door to the Evils’. I couldn’t wait around. But I was happy. I bought it for $195,000 in 2004 and sold it for $365,000 in 2008.

So, no. I’m not painting the office in this house.


I admit it’s not going to appeal to the largest common denominator. (I sold the one with the purple dining room to a witch. No kidding. Serves the Evils right.)

But I think it’s fair to say my red office is not ugly. And if someone thinks it is and they don’t have the smarts to know they can pick up a couple of gallons of off-white for fifty bucks, then they don’t have the smarts to know that this house is a phenomenal deal and they’ll probably drive me crazy nit-picking uneven floor boards and dead bugs on windowsills.

I see a red door and I want it painted black
No colors anymore I want them to turn black
I see the girls walk by dressed in their summer clothes
I have to turn my head until my darkness goes
—Rolling Stones

Update: Since writing this, I have received two offers on the house.