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Verbal agreement

August 15th, 2012 at 10:53 am

The seller verbally agreed to sell the condo for $111,000. The contract is now being finalized. Pending loan approval, the condo is mine!

I tried to post pictures, but clearly I don't know how to do it. Any advice? (Hint -- I am very technically-challenged).

The inspection is already set for Saturday morning. I am planning to put down $50,000, which will make my mortgage payment under $300. Assessment fees are $339 monthly, and taxes are around $3600 annually (but my realtor says I can get that reduced because of my age. I'll have to look into that).

Since I can't give you pictures, I'll tell you that it is a one-bedroom one-bathroom unit with hardwood floors throughout, except for tile in the kitchen and bathroom. The kitchen has granite counter tops, stainless steel appliances, white country cupboards with glass, and a darling booth. The doorways are all arched. There is a roomy dining room with a built-in corner cupboard. Windows on east and west. Two big storage closets. All the wall colors are soft and pretty. It is move-in ready! And it is just one block over from where my grandchildren live. Sweet!

The minute I walked in there, I felt it was already mine. It is that good a fit. Even my daughter-in-law kept saying, "It looks just like you!"

So now I am alternately joyful and terrified!

In other news, I bought two bras last night at Kohl's. They were 40% off and I had a 15% off coupon so I saved more than 50%.

And a found a quarter!

13 Responses to “Verbal agreement”

  1. laura Says:

    Congrats! I'm bummed that you can't post pictures Frown
    Here's to a smooth closing process! Were you able to find the property in Evanston?

  2. My English Castle Says:

    How fun! It sounds perfect!

  3. CB in the City Says:

    Thanks!! Yes, it is in Evanston.

  4. creditcardfree Says:

    Congratulations!! Good luck with the financing, too.

  5. Ima saver Says:

    That is wonderful!

  6. BuckyBadger Says:

    Congratulations!! What are "assessment fees?" Is that the same thing as the condo fee?

  7. patientsaver Says:

    Sounds great. Exciting.

  8. ceejay74 Says:

    Congrats! That's great! To upload photos, you start an entry and then click "Save and add images." This gives you a Browse button, so you find where the file is saved on your computer and upload. Then click "Save as draft." Once you do that, there will be a number with brackets next to your image. Copy and paste the number (and the brackets) into your entry. Then you can add another image and another and another. Paste all the numbers into your entry. "Click Save and publish." They should be there!

  9. Shiela Says:

    Hey congrats CB! Smile

  10. FrugalTexan75 Says:

    Great news!

  11. CB in the City Says:

    Thanks everyone. Assessment fees are the monthly condo fees for the maintenance of the building.

    I'll work on getting some pictures posted later in the day. Thanks for the instructions, Ceejay. I hope I can follow through!

  12. Analise Says:

    How exciting! Congratulations. The condo sounds like it's perfect in so many ways. Will you be able to get out of your apt. lease without any problems?

  13. Jerry Says:

    That sounds like a very exciting development, and I hope that the new condo will lead to a great place for you. I hope that the assessment fees are not too much and that they offer you insurance of good physical plant services in the building. Congrats!

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