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Will I get approval to buy MY house??

June 2nd, 2010 at 06:51 pm

Met with the stagers today. $4000 to stage the house and they said about $150 per month since we would need to rent a livingroom set for upstairs..

So following that I....

Sat down with XH to show him how much he would net IF he went with his bottom line that he agreed to before going to the concert. He thought man we definately have to pay to stage now because that is not enough. To which my answer was even if we pay to stage there is NO garentee we will sell and what price we will get.

So after that I asked "How much do you NEED to be able to move on?" Well it turns out it would be 47% of his bottome price.

*****
I am on hold!!!!!

I am looking to refinance our home and then buying him out with a quit clam deed. That EF over there is going to take a nose dive though since I do not want to finance the buy out into the mortgage. I think it is best for everyone.

Little Guy and me get to stay in the family home and XH gets the $ he needs to move out of state. If I refinance #1 I no longer need to have the taxes and insurance in escrow so I will make interest on the money for the escrow that I will keep in a seperate savings account. #2 because of the refiniance my payments will drop by $150 per month. They will drop by $410 per month if you remove the escrow. The NEW total price means the house is only going to cost me about $100-$200 per month more than I was looking to spend for an apartment. Also my mortgage will stay the same instead of changing yearly based on taxes and insurance amounts.

I have my fingers crossed.

Posted in House Related | 4 Comments »

4 Responses to “Will I get approval to buy MY house??”

  1. MonkeyMama Says:
    June 2nd, 2010 at 06:59 pm 1275505154
    1275505154

    Good Luck!

  2. creditcardfree Says:
    June 2nd, 2010 at 07:04 pm 1275505447
    1275505447

    Good luck! I'm actually a little shocked at the cost to stage a home. I suppose it can often be worth the price depending on how much the mortgage is and how long it takes to sell without staging.

  3. dtjunkie Says:
    June 3rd, 2010 at 07:33 am 1275550410
    1275550410

    Best of Luck to you too! I would rethink the $4k price tag on the staging.

  4. HouseHopeful Says:
    June 3rd, 2010 at 01:43 pm 1275572609
    1275572609

    That really IS a lot to stage a home, but I'm glad you're looking at all your options. Good luck!

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