Hello All,
I first found this site with great excitement because my husband and I have a contract on a short sale house in the Miramar Beach area and then this stupid oil......
We are at a total loss as to if we should pull out of the deal. The bank has not officially signed anything so we'd get our deposit back. We were already getting a GREAT deal on the house and we are so disappointed and don't know what to do. This would be a second home but we'd rent it as well so we really dont want to buy anything if we and others arent going to be able to enjoy it.
Any words of encouragement y'all can offer me? TIA!
Replies
37
Beach ComberAuthor
How do you know it is a good deal? Did you use a realtor? Does the home need work? I know you may not want to give us all of the details but I would be interested in how you arrived at it being such a good deal. I have heard people say that someone paid a lot more for it 4 years ago but that is not a foolproof method. Maybe price per foot is good? Is it gulf front? A condo? Just curious.It's a short sale. We've got the time to wait in order to get a good deal. And it's a block from the beach with no roads to cross to get there. Houses around them are selling for 100,000 more. It's a good deal. And yes, we're working with an agent who specializes in short sales/foreclosures.
Beach Fanatic
What happened to shelly? Does anyone know?
SoWal Expert
Shelley doesn't live here anymore and so doesn't post.
Beach Fanatic
When my daughters come inside covered head to toe with mud and sand I sometimes get upset with them. Then I spend some time cleaning them up. Then I hug and kiss them because this is a long-term relationship that a little dirt and grime can't possibly hurt.
The Emerald Coast is like one of my little girls and I'll help clean her up and continue to enjoy that long-term relationship as well.
This post continues to bring tears to my eyes after even the 3rd reading. Very accurate and well-stated. Thank you for clearly articulating what so many people feel.
Beach Fanatic
How do you know it is a good deal? Did you use a realtor? Does the home need work? I know you may not want to give us all of the details but I would be interested in how you arrived at it being such a good deal. I have heard people say that someone paid a lot more for it 4 years ago but that is not a foolproof method. Maybe price per foot is good? Is it gulf front? A condo? Just curious.
Beauty's in the eye of the beholder. It's not something tangible that you can get a group to look at and everyone agrees it's a great deal. It's an individual style and location and amenities and we all look at our bucket of cash differently.
Beach Fanatic
Funny how Shelly disappeared as the market began to gain ground and the end of the world never occurred.
I think it might be a little early to wave the "all clear" flag.
Beach Fanatic
Hello All,
I first found this site with great excitement because my husband and I have a contract on a short sale house in the Miramar Beach area and then this stupid oil......
We are at a total loss as to if we should pull out of the deal. The bank has not officially signed anything so we'd get our deposit back. We were already getting a GREAT deal on the house and we are so disappointed and don't know what to do. This would be a second home but we'd rent it as well so we really dont want to buy anything if we and others arent going to be able to enjoy it.
Any words of encouragement y'all can offer me? TIA!
One thing you need to understand is that since you are buying AFTER the disaster stuck (is struck a word?) that you most likely would not be eligible for any compensation, etc. from BP since you bought with full knowledge of the oil "spill". Just something to keep in mind as you make your decision.
Beach Fanatic
I think it might be a little early to wave the "all clear" flag.
Not waving an "all clear" flag. Just always thought it was ironic as the market began to turn she decided to opt out.
Beach Fanatic
Shelley doesn't live here anymore and so doesn't post.
Shelly was astute-enough to foresee the financial crisis.
Perhaps he also foresaw the oil coming and headed for greener pastures...
Or maybe he just got bored with this board.
Admin
Not waving an "all clear" flag. Just always thought it was ironic as the market began to turn she decided to opt out.
He moved back to where he came. A place they don't have internet it seems. But as we know, all who come and leave, eventually return.
Then again, maybe some people really don't care about where they live or the people they meet and live among.
Beach ComberAuthor
One thing you need to understand is that since you are buying AFTER the disaster stuck (is struck a word?) that you most likely would not be eligible for any compensation, etc. from BP since you bought with full knowledge of the oil "spill". Just something to keep in mind as you make your decision.
Except for the fact that we've had our offer in since March. Waiting on the bank for an answer.
Beach Fanatic
Except for the fact that we've had our offer in since March. Waiting on the bank for an answer.
I'm not a lawyer so you might want to consider asking one, but I suspect the date that matters is the settlement date -- when you sign legal documents and take ownership -- not the offer date.
I don't know if it matters, but it is something to consider in your decision.
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