The last great negotiating feat of House Hunt 2015 appears to be at an end, with the seller agreeing to complete a list of minor and a few not so minor repair items prior to going to the closing table. As the hunting and gathering portion of this exercise draws to a close, I feel like I’ve extracted nearly every concession I could reasonably expect. As I mentioned to a friend this morning, if everything goes through closing as written I’ll be able to offset the loss from selling in Memphis and still have equity to spare in the new house. Home buying can be a significant emotional experience, but from start to finish I’ve been doing my best to think of this one as a business venture where the key motive is to capture every nickel of extra value I can lay my sticky little fingers on. There will be plenty of time to get emotionally attached once the paperwork is done.
With the meat of the negotiations wrapped up that leaves financing as the last hurdle to clear. I don’t anticipate any issues on that front, but I’m always a little nervous and jerky when someone starts poking around with years’ worth of tax returns, pay stubs, account statements, and a veritable laundry list of questions about what money came from which source. I know well enough from hard experience that it’s always the unanticipated issues that end up eating your lunch and that’s what’ll tend towards making for restless nights. Now that I’ve handed off every shred of documentation the mortgage company requested, I’m in hover mode until either they finish the job or they come back asking for more paperwork. I’m in a purely reactive holding pattern. Being a planner by both profession and temperament that leaves me hanging in a very uncomfortable spot. As much as I want to think I’ve accounted for the unexpected, I know very well that’s a happy fiction. After all, nobody expects the Spanish Inquisition.
For now, closing is just a mark on the way a little more than a month away. We’re well down the homestretch, but it’s still a hell of lot of distance to cover between here and there.