Thursday, April 02, 2009

Philip's Place

Philip was turned down for a mortgage and so began looking at apartments.

Then the loan officer found another mortgage company that would consider his loan application. On Monday he received word that he was okayed for a mortgage. On Tuesday he was poised to make an offer on the condo he liked. It would be a bit of a stretch financially. It so happened that someone made on offer this two-bedroom condo, which has been on the market for a full year, on Tuesday before Philip did. So instead, Philip made an offer on a [less expensive] one-bedroom condo at the same place. On Wednesday his offer was accepted.

Wow, that was a quick change in plans!

The current condo-owner is renting out the place. He must give 30 days notice, which means the renter will not be out until May 15. Closing date is set for May 29. The extra 8 weeks will provide Philip four more paychecks before coming up with the down-payment and taking on all his own bills.

It's weird to have a kid moving out without a firm date (like a wedding or the first day of college) governing the move.
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9 comments:

  1. Elephantschild4/02/2009 4:21 PM

    Congrats to Philip. Welcome to home ownership!

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  2. Erin4/02/2009 9:43 PM

    Wow! Very exciting! Congratulations Philip!

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  3. Karen Brunner4/03/2009 9:19 AM

    I know where he can get some pretty cheap furnishings.

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  4. Susan4/03/2009 9:34 AM

    We mentioned to him that he might want to rent a U-Haul one of these weekends. I'm trying to figure out if he'll need to rent a storage unit, or if there will be a way to make space in the garage for a month or two. Good grief, the garage is already so full and messy messy messy.

    By the way, how are you guys set for vacuum cleaners? I gave my spare to Rachel and Matt. You could probably use one upstairs and downstairs, and I don't want to leave you short of vacuums. But if you do have an extraneous one, that's something he could use and that is seldom found at Goodwill.

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  5. Lauriinnc4/03/2009 9:51 AM

    Hooray and congratulations!!

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  6. Karen Brunner4/03/2009 10:32 AM

    If Philip waits until May, we'd probably be able to send everything all at once. We won't know what all we're getting rid of until we merge. I think we could come up with a vacuum. Robert has one, and I have two.

    FYI... our youth group's annual garage sale is the weekend of our wedding. It's HUGE! (That's where I got one of the vacuums for $7.) It will start 5:00-8:00pm on Friday evening. Might not be a bad place to stop before the rehearsal.

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  7. Susan4/03/2009 10:42 AM

    Oooh. The garage sale sounds tempting! From what I've heard, Philip and Rachel and Matt won't be down until after the rehearsal. Hmm. Are they open on Saturday morning too? Probably cleaned out by then, eh?

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  8. Karen Brunner4/03/2009 11:14 AM

    Yes, they're open on Saturday morning. But, yes, the really good stuff goes Friday.

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  9. Unknown4/04/2009 11:51 AM

    We donated a vacuum to goodwill when we moved... sometimes there are vacuums there. :) Good luck with finding everything he needs. Good thing there's almost two months to figure out what some of that stuff is. Most storage places have a free first month rent policy so it might be good to try that... and if he doesn't move everything in right away, it's a not as costly way of storing things... like 10-15 a month or something like that.

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