Inspection…

I spent most of the afternoon following the home inspector around, peppering him with questions, and generally making sure he wrote as many issues as I could come up with into his notes. It’s not that I’m trying to prove it to be a bad house, but anything I can get fixed now is less money that’ll have to come out of pocket later. After the beating I took selling Memphis, I’m afraid I don’t have much sympathy for a seller.

That’s one more major hurdle in the home buying process is complete. There were a few things that will likely end up on my “must fix” list, but for purposes of not playing my hand here on the publicly viewable internet, I’ll just say that most things were in working order and it wouldn’t take all that much to correct the deficiencies we found. The negotiation will come down to how much of that they want to do and if I’m willing to accept it if it’s not done. Hopefully we’ll all be able to keep going along with the knowledge that none of this is personal and at this stage it really is just business.

Subject to negotiating acceptable repairs, we’re basically down to final approval of the financing package. But for now, I’m just ready for bed. I’ve forgotten – or blocked out – just how exhausting this entire process is.

The right one…

Knowing I wanted to be out of my current rental by the time this year’s lease expired, I started driving around the county and nosing through open houses a few months ago. I was even more or less settled on the areas and type of house I wanted to end up with. I wanted more than an acre, something mid-century, and well outside town limits. For the record, December and January are probably not a great time to be out poking around looking at houses – there just isn’t that much of a supply on the market and no sane person wants to move in the middle of winter. Even so there were some contenders, but nothing that screamed “buy me now.” I bided Woodholmmy time, assuming that more inventory would arrive on the market with warmer weather. I even toyed with the idea of buying a big lot and then building a small house to suit, before realizing that I house built to my own crackpot specs would be damned near impossible to sell to anyone else.

The funny thing is I thought I knew exactly what I wanted. I’d only been working with my realtor a week when she casually mentioned that I should look at a house down on Elk Neck. It was an eyebrow raiser. Sure the pictures looked nice enough, but the house barely ticked off half of the things on my list. It was one story, on slightly less than an acre, and (terror of terrors) ruled by the covenants and restrictions of a very active home owners association. In fact I almost passed on even looking at it for those reasons until curiosity got the better of me. A house in that neighborhood rarely stays on the market long – and this one had been on the market for almost eight months and $100,000 in price reductions. Honestly, I assumed it was a murder house, or infested with mold, or possibly built on some kind of ancient Indian burial ground.

After the first showing, we were both utterly confused by why this house was still on the market. It was only during my second pass through the master bathroom that it occurred to me – uh, why isn’t there a shower in here? So there it was. The reason the typical yuppie buyers in that neighborhood had been taking a pass on what was otherwise a tremendous home. I proclaimed the design choice “very weird,” and moved on.

Three hours later the seller’s agent called my realtor using phrases like “extremely motivated,” “willing to negotiate,” and “credit for bathroom renovation.”

That conversation let to three days of back and forth discussion, deep research on bathroom renovation costs, another showing, and by the end of the week an offer I was sure would test the depth of the seller’s motivation to be finished with the property and move on with his life. There was a counter offer, a counter counter offer, and finally agreement of nearly all the substantive terms I asked for. I’m still a little shocked they agreed to all the concessions written into the contract.

It wasn’t the house I started out looking for a few months ago, but assuming it passes through the gates of inspection and financing it’s the right one.

Powers of procrastination…

I don’t talk much about it because I’ve never considered it one of my finer qualities, but truth be known I have world class powers of procrastination. All those powers are currently being employed to distract me from pitching a wild, no way he’ll take it, ultra-lowball offer at the owner of one of the houses I looked at last night. Despite it’s rather quirky master bathroom and my natural aversion to home owner’s associations I’m having a bit of a flirtation with this place.

After getting word back through my agent this afternoon that the seller would “really like to get an offer and was willing to make considerable concessions,” I’ve been hard pressed to continue resisting the temptation. It’s a night of trying to remember that the place has been on the market for 2/3 of a year already and doesn’t seem likely to go anywhere in the next week, that even if it does something that’s just as charming will be along, and that even at it’s reduced price it’s a budget stretcher.

I’m procrastinating… with purpose. If I look around for another couple of weeks and this place is still sitting around, it seems to me that I’d be in a stronger negotiating position – especially since the only thing I stand to lose is something that was never mine anyway. For now, I’m just going to let it ride.

The search is on…

This little project to find a new and improved Casa de Jeff is beginning to get serious. How you know it’s getting serious is I’m altering the long-established Saturday routine in order to fit in meeting with a realtor and checking out a few potential houses. Between now and then I supposed I’ll have to firm up my list of must have options and the list of things I’m willing to trade away. Right now the must have list is pretty short – 1+ acre, 3 bed, 2 bath, and not in needing a gut-to-the-studs renovation. The willing to trade list includes central air, garage, and basically everything else. I like to think I won’t be picky or overly demanding, but I think we all know that’s a pipe dream.

Judging from the few places I’ve driven past to eyeball in the last few weeks, I’m slowly coming to terms with the fact that the dollar doesn’t stretch as far here in the Baltimore/Philly exerbs as it did in West Tennessee. I’m doing my best to adjust my expectations on fit and finish accordingly… on the bright side for you readers, very soon you’re going to be able to play along with my little game of taking pictures inside other people’s homes and wondering what the hell they were thinking with their design and decorator choices. That’s always a treat.

In the meantime, if I seem to get in too much of a rush, feel free to remind me that there is absolutely no timeline associated with reaching mission complete on this project. The plan is mostly to keep plugging away at it and hope I know it when I see it.

Information overload…

The problem with the internet is it puts every little thing you want to know right at your fingertips. Sure, that’s also the very best part of the internet, but that’s not the side of the coin I’m dealing with just now. In the opening stages of House Search 2015, I’m finding some decent places – or at least places to start… but then my damned inquisitive mind starts to wander.

It wanders to issues of property tax and leads me to the state government websites. It wanders to issues of boundaries, zoning, and planned nearby development which leads me to the county planning website. It skips towards flooding and hazard mitigation which leads me to FEMA’s notoriously inaccurate maps. And then there are the pictures – The fuzzy ones taken by the realtors and then on to the satellite imagery, bird’s eye views shot from airplanes, and Google’s evil car cam. As a side note, Google has not yet reached many the back roads of Ceciltucky. I find it oddly comforting that they actually don’t know everything.

I know more or less what I’m looking for in a house. I’ve moved enough to know what I like, what I don’t, and the fact that it’s all one enormous compromise in order not to totally blow the budget. I suppose it’s time to bring on a professional to help me narrow the scope a bit. From what I gather the good ones make pretty decent coin for sifting through the data I’ve been trying to manage on my own for the last few weeks.

I have to keep telling myself it would be a shame to just hand over their commission without really putting them through their paces to earn it.

With my pants on…

Financial Advisor: You had a good tax shelter in the house you sold. You’ll be fine for 2014, but this year you need to buy a house and get married or the tax man is going to fuck you with your pants on in 2015.

Jeff: Well, at least one of those two things might happen… but could I just buy two houses instead?

The timeline I worked out in my head didn’t have me buying a house in 2015, but given the choice between that and the IRS getting to take me out for a ride, I think I’d better start getting things in order and see if I can rejigger the plan a bit. Buying a house is its own special brand of pain and agony, but re-inflating my debt bubble a few months ahead of schedule sounds infinitely less painful in the long run than taking a short trip down the aisle.

What Jeff Likes this Week

For the final offering of this six-post series, you might think I would have planned to end on a high note. Given that the week just past featured all manner of goodness and joy in the spirit of the Christmas season, the list of likely targets is extraordinarily large. However, since this is me we’re talking about and not some nancy-boy, cry at the drop of a hat, sensitive, new age man, all I can tell you is this: What I like this week is mostly the fact that I’m back at the rental house, two dogs are happily snoring in their beds, and that I am fully in control of the television, thermostat, and meal preperation.

Be it every so humble, temporary, ill designed, and poorly insulated, there’s no place like wherever it is you happen to hang your hat. It may not be “home” but it’s at least filled will all your own stuff and sometimes that’s just as good.

Note: This is the 6th and final entry in a six-part series appearing on jeffreytharp.com by request.

Another helpful tip from Uncle Jeff…

I’m sure there are harder things than closing on a house sale from 900 miles away, but just now, in the middle of it, I’d be hard pressed to think of what those harder things might be. Everything that needs signed hurtles across the country via FedEx overnight, questions always take three days to answer, and you’re never entirely sure if what people say they’re doing is what’s getting done. It’s infuriating. It’s like trying to do business by telegram. Sure, it works in theory, but that doesn’t mean it’s a good idea.

At this point, I’m utterly convinced I would have ended this process a more sane human being if I had shackled a briefcase full of money to by wrist, flown to Memphis, dumped it on the closing table, signed my name in blood, and then flown back to Maryland for a good night’s sleep. I’m not kidding. Not even a little bit.

I’m beyond caring about costs. I just want this master class in asshattery to be over and done with. So there’s tonight’s helpful tip from your kindly Uncle Jeff – if you’re planning on engaging in any cross-continental real estate transactions, don’t. Just don’t. Take a day and a bucket full of cash and go handle things yourself. By the time it’s over maybe you’ll emerge with at least some of your sanity left.

Light, gas, and water…

With the potential future sale of Casa de Jeff de Cordova, one of the myriad of pain in the ass things to do is transfer the light, gas, and water service back into my name. That should be easy enough to settle with a phone call to the intrepid people at Memphis, Light Gas, and Water except of course that nothing that needs doing is ever actually easy.

mlgwlogo_aIt seems that the bill from the last month I lived in Memphis was never actually paid and has been sitting in their delinquent account file for the last 3+ years just waiting on the moment I would call to make it right. We’ll forget for a moment that I never actually received a bill for this amount and that as far as I can tell, no effort was made to send it to my forwarding address. I’ll take the burden of responsibility for that. Fine.

Now, these many years later, here I am attempting to make good on my public debt. In speaking to the customer service agent, I’m told that the only way to pay a bill in the delinquent file is to present myself at the offices of Memphis, Light Gas, and Water to genuflect and hand unto them cash, a money order, or a cashiers check for the princely sum of $110.87. No payment by phone. No payment online. Only hand delivery at the office will do with no possibility of exception for those who may now live 850 miles away from that charmed city on the banks of Old Muddy.

I’m trying to get myself right with these guys. All I want to do is give them money. You’d think they might make it easier on a guy than forcing him into a convoluted process that involves overnighting a cashiers check to a realtor he’s never met in person and hoping that she’s able to do the leg work on his behalf. The alternative is a one day round trip flight to Memphis wherein I will spend $1000 in order to pay a $100 debt.

Even sitting here in the comfort of my own rental kitchen, I can’t manage to avoid the utter asshattery of what is clearly demonstrating itself to be one of the world’s foremost bureaucratic organizations. And God knows as a cog in Uncle’s great machine I’m in a position to recognize both asshattery and bureaucracy when I see it.

3rd anniversary…

I’m approaching today not so much as a 36th birthday as the 3rd anniversary of making a 900 mile drive from Memphis to reclaim my Maryland residency. Frankly, it’s the event that feels more important… and I’ll explain why (of course).

As far as my birth, I had very little to do with that other than being present. While I’m pleased that I’ve managed not to step in front of a bus or be eaten by a shark between 1978 and this morning, a lot of that has probably been simple dumb luck more than anything else. As you might guess, celebrating simple dumb luck isn’t really my style.

What is my style, though, is celebrating a very intentional decision I made to extract myself from what had become a hopelessly toxic situation. That’s a real milestone event for today. It’s one of the few decisions I’ve ever made without having doubts or second thoughts after the fact. Coming back to the good soil of my home state was arguably the single best decisions I’ve made to date. That’s not to say that everything is puppies and butterscotch, but at least as I’m sitting here looking out the window writing this post, I know I got the geography right this time. Human beings are generally a resilient bunch, but I’ve long suspected that we are each best suited for and thrive in a particular place… and even as I rant about the out of hand taxes and lunatic nanny government here, this place seems to be it for me. No matter where my travels have taken me, I always seem to come around again.

If nothing else, I can say with certainty that enjoying this fresh-brewed Kona in the rental kitchen is superior in every way to being just past Nashville and screaming east at 90 miles an hour with two dogs and a truck loaded to the gills. I appreciate and thank you for the birthday wishes today friends, but what I’m most proud of on this June 1st is my 3rd anniversary.