(continued from first post)
And now frustrating parts of the past month– we’ve decided to move from our rental and possibly purchase a home here in Kailua. The market is beyond crazy, like, far far beyond crazy. Very little inventory and stupid prices. We found someplace we liked and could have been the back-up to the 2 back-up offers. A short sale opportunity fell into our laps and we have been waffling ever since– it’s a great investment or a horrible mistake. Our offer was accepted and we started moving towards purchasing. The house itself is fine and with a little love would be great. The property, however, in addition to being cursed (so says the next door neighbor), is right in the middle of a cluster of family homes. While local folks are pretty welcoming for the most part on this side of the island, no one likes an outsider in their backyard. And here’s the best (and by best I mean worst) part. The home has a cess pool. Yes, that’s a real thing, not just words that people use to describe a disgusting place. One step below a septic tank, but better than an outhouse. It checked out fine by the inspector so it really wouldn’t be a problem. If only that was the end of the headache. The bank’s approval of the short sale expired on us July 1, so we are back to square one. While we still don’t know if it would be a great investment opportunity, I think we know that we want to wash our hands of the property. We just didn’t get any warm fuzzy gut feelings and I need that. Next up was a very small house that we had decide we could make work. Our offer was countered then the sellers finked out after our counter offer. I found out about it this morning and to be honest I was really saddened. I am heading into a state of panic about where we’ll live this fall, but I know that the worst case scenario of staying where we are isn’t terrible. (Though the way the carpet smells when it rains is terrible, so I still need to get out of here before next winter.) Our landlord is pushing us to give our notice of renewal, but I’m afraid to lose this place without having another. I wish that we could just rent another place, but the rental market is crazy and our two major needs (cat friendly and a carport/garage) eliminate most places. We already pay a ridiculous amount in rent and with the latest round of military housing allowance raises, rental prices have increased to beyond ridiculous. So I’m trying to keep my hopes up and see what great things the (hopefully immediate) future brings. Please send good house hunting vibes.