Fliperati

After a small amount of drama surrounding my request to push back the closing date by two weeks, we have found a compromise and the property will officially be mine on June 14th.  The target closing date in the original contract was today (June 9th), but I’m going out of town on business this afternoon and there were some unresolved title issues that made closing today impossible.  When I learned of these title issues a few days ago, I put in a request to delay the closing until the 21st so I wouldn’t have to worry about my travel schedule.  I was also hoping to push the closing closer to the end of the month because I won’t really have much time to spend working on the property until July. 

Well, the sellers did not like any talk of a delay and they responded with an idignant song-and-dance about how they’re carrying two mortgages and they won’t even consider postponing the closing that far unless I pick up the tab for the mortgage payments associated with the extra days (cue the sappy violin music).  I responded with the earliest possible closing date that would work for me (the 14th) and that is apparently okay with them because they have signed off on that schedule without any more discussion of their carrying costs.

I initially felt bad because I believe they are on a fixed income and the two mortgage payments may indeed be causing them some hardship, but upon further reflection I decided that I shouldn’t lose any sleep over this because it’s not my fault that they are in their current predicament.  They’re the ones who let their home sit on the market for four months at a ridiculously high asking price and then decided to purchase a new home before they even had a serious buyer at the table, so I can’t really blame myself for being the one that is finally bailing them out of this situation.  I hope in the end it’s a win-win for everyone.

So, get ready for some actual motion on all the renovation plans I’ve made so far starting late next week!