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Sapphyre
12995 posts
I bought a condo!!
Here's my saga:
I have been renting my condo for 3 years now. I love my unit but wasn't sure if I wanted to live in this building. And I wasn't sure if I wanted to buy a bigger more "practical" unit. (I have an open-concept, 1 bedroom, 2-story loft that most of you will see in May.)
A few months ago I finally decided that I love my building and I love the layout of my unit so there's no reason not to buy one. But unfortunately, none have been up for sale in the last 6 months. After waiting and waitin, I figured I should just give an offer to my landlord to buy his. It needs renovations badly so I was a bit nervous about that. Especially since my kitties would not be too happy about that. And I have always dreamed of owning a condo on the penthouse floor so I was a little hesitant about buying this place and then finding out the penthouse was up for sale.
One drunken night with my friends I thought of an idea. I decided to put a note on the door of the sub-penthouse and penthouse units like mine asking them if they wanted to sell. A few weeks went by and no calls came in. So I went ahead and put in an offer to my landlord. A couple of weeks later I spoke to him and he flat out turned me down. Fine, I thought, it was going to be a hassle anyway. But I was stressed because now I had to start thinking about what kind of unit I wanted to buy. Then my landlord turned into the biggest asshole and started demanding that I sign a 1 year lease or he wanted me out. Which is totally against the law, by the way. Technically, I am allowed to stay month-to-month. For the last few weeks I have been stressed out because I figured he's going to try something sneaky on me like hiking my rent or finding some lame excuse to have me evicted.
Then on Tuesday everything changed. I got a message from the people in the penthouse. They got my note and were wondering if I'm still interested in buying their unit.
I went to see it tonight and they informed that they already had people asking about buying it even though it hadnât been listed yet. So I boldly told them Iâd pay their asking price (which was right around what I thought it was worth anyway). And since Iâm renting, I could give them a firm offer with no conditions and my moving date would be completely flexible. Fifteen minutes after I left their place they called me back and said theyâd take it. I am meeting with their agent tomorrow morning to sign the offer and hand over a deposit. Woohoo!!! I get the penthouse condo downtown like Iâve always wanted!! Looks like Iâm moving end of July. Now I just have to decide how much notice to give my landlord. If any at all! :D
/happydance
Here's my saga:
I have been renting my condo for 3 years now. I love my unit but wasn't sure if I wanted to live in this building. And I wasn't sure if I wanted to buy a bigger more "practical" unit. (I have an open-concept, 1 bedroom, 2-story loft that most of you will see in May.)
A few months ago I finally decided that I love my building and I love the layout of my unit so there's no reason not to buy one. But unfortunately, none have been up for sale in the last 6 months. After waiting and waitin, I figured I should just give an offer to my landlord to buy his. It needs renovations badly so I was a bit nervous about that. Especially since my kitties would not be too happy about that. And I have always dreamed of owning a condo on the penthouse floor so I was a little hesitant about buying this place and then finding out the penthouse was up for sale.
One drunken night with my friends I thought of an idea. I decided to put a note on the door of the sub-penthouse and penthouse units like mine asking them if they wanted to sell. A few weeks went by and no calls came in. So I went ahead and put in an offer to my landlord. A couple of weeks later I spoke to him and he flat out turned me down. Fine, I thought, it was going to be a hassle anyway. But I was stressed because now I had to start thinking about what kind of unit I wanted to buy. Then my landlord turned into the biggest asshole and started demanding that I sign a 1 year lease or he wanted me out. Which is totally against the law, by the way. Technically, I am allowed to stay month-to-month. For the last few weeks I have been stressed out because I figured he's going to try something sneaky on me like hiking my rent or finding some lame excuse to have me evicted.
Then on Tuesday everything changed. I got a message from the people in the penthouse. They got my note and were wondering if I'm still interested in buying their unit.
I went to see it tonight and they informed that they already had people asking about buying it even though it hadnât been listed yet. So I boldly told them Iâd pay their asking price (which was right around what I thought it was worth anyway). And since Iâm renting, I could give them a firm offer with no conditions and my moving date would be completely flexible. Fifteen minutes after I left their place they called me back and said theyâd take it. I am meeting with their agent tomorrow morning to sign the offer and hand over a deposit. Woohoo!!! I get the penthouse condo downtown like Iâve always wanted!! Looks like Iâm moving end of July. Now I just have to decide how much notice to give my landlord. If any at all! :D
/happydance
demetriana
1730 posts
04-25-2008 3:38am
grats!
no notice i'd say. fuck that guy :x
no notice i'd say. fuck that guy :x
Rastus
6166 posts
04-25-2008 3:51am
Cool! Grats! Do we get to see it in May??
Lux_Lisbon
11443 posts
Plenty of room for a special visitor named Agnes! Yay!!! :D
Beam
1876 posts
04-25-2008 4:08am
Grats!
Hecktigol
4417 posts
04-25-2008 4:15am
Grats. Very nice. I'm very excited for you. F the landlord. His notice is seeing movers, haha.
Jaannaa
1147 posts
04-25-2008 11:38am
That's awesome! Congrats!
Demondoodle
2310 posts
04-25-2008 11:59am
WOOT!
Gratz!
When Fox get's drunk he only buys Epic Mounts.
The Party in May should be quiet interesting.
Gratz!
When Fox get's drunk he only buys Epic Mounts.
The Party in May should be quiet interesting.
gifchick
1066 posts
04-25-2008 12:02pm
Grats!! I would just give the Landlord what ever notice you legally have to and not any more.
Amonsul
3228 posts
04-25-2008 12:07pm
Very nice! Grats!
Rastus
6166 posts
04-25-2008 12:28pm
As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.
Ingomar
1030 posts
04-25-2008 1:37pm
Congrats Sapph! How awesome!
C-RoB
1956 posts
04-25-2008 1:53pm
nice... congrats
jasmes
418 posts
04-25-2008 2:01pm
Awesome! Grats!!!!
Rapskallion
2332 posts
04-25-2008 2:35pm
We're a movin' on up, (We're a movin on up) To the east side. (Mo-vin on up.) To a de-luxe penthouse, In the sky-. Mo-vin' on up (Mo-vin on up.) To the east side, (Mo-vin on up.) We finally got a piece of the pie.
That is awesome! *high five*
That is awesome! *high five*
Oriole
2096 posts
04-25-2008 2:59pm
Congratz Sapph! That's awesome!
Trianna
3615 posts
Yay! Congratulations. :)
Beam
1876 posts
04-25-2008 3:10pm
We're a movin' on up, (We're a movin on up) To the east side. (Mo-vin on up.) To a de-luxe penthouse, In the sky-. Mo-vin' on up (Mo-vin on up.) To the east side, (Mo-vin on up.) We finally got a piece of the pie.
I was totally thinking that, Raps.
I was totally thinking that, Raps.
Sapphyre
12995 posts
I signed the papers today, then sent them to my lawyer for a quick peak. Everything looks in order. And my mortgage dude is getting my papers ready. Lucky me, the mortgage rates are dropping by the minute!!
This went almost -too- smoothly.
Now I must start thinking of colours to paint the place... they have everything painted WHITE. Boring.
This went almost -too- smoothly.
Now I must start thinking of colours to paint the place... they have everything painted WHITE. Boring.
Jorack
754 posts
04-25-2008 4:40pm
Congrats Sapphyre. I've been watching mortgage rates myself as Scotia Bank has a deal where you renew your mortgage for a year, and at any time in that year can get 1.25% off the posted 5 year rate without having to negotiate.
The Canada prime interest rate just dropped 0.5% this week, and they are planning a 0.25% drop in June. The banks haven't adjusted to this weeks drop yet, so if you can sign something short term and go longer term in the summer that may be a good bet.
The Canada prime interest rate just dropped 0.5% this week, and they are planning a 0.25% drop in June. The banks haven't adjusted to this weeks drop yet, so if you can sign something short term and go longer term in the summer that may be a good bet.
Frolic
1256 posts
04-25-2008 6:03pm
Yay Sapph! Sounds wonderful!
Slowman
1360 posts
04-25-2008 6:31pm
Grats Sapph.. I've always preferred owning my dwelling....
Walkyrie
44 posts
04-25-2008 6:39pm
W00T! Way to go Sapph...you're gonna love being owner and queen over your own domain...I know I do!
Torrin
7042 posts
04-26-2008 12:55pm
I think this means it's time for a SEXY PARTY!
Shaerl
751 posts
04-26-2008 1:30pm
Wow, that's awesome news. Congrats! :)
