Let it not be said that we do anything without research. Jerry said one day that he was ready for a condo. I said no—I wasn't. But after a few hours of thought, I sat down with him and said “This is what I can do and this is what I cannot do.”
So we started looking. We found two communities we were interested in. The new condos were beautiful. We briefly considered the HECM loan, but decided it was not for us. It was much study before we decided that. That involved our trusty financial adviser; who also sat down with us and figured out how we could do this. (This is not to dis the HECM product, it can be good for some people.)
Therefore, we had plenty of meetings and appointments. We finally decided which community we wanted to live in. It comes as no surprise that we are moving back to the community we raised our children in. Once that was decided, we talked with the saleswoman about specifics, but we needed to sell our home.
This condo builder builds to the drywall and the customer comes in and picks out what they would like. We did some of that before listing our home, so we had a general idea of what we wanted.
We called the Realtor that sold our last home in 2008. She sold it in a terrible market, after it had been listed over a year. It’s a better market today and she would get the job done.
She listed the home on a Friday afternoon, and Friday evening I fielded three calls to show the house the following day. I was flabbergasted! Even more so, the first person to look at it gave us a full price offer without a contingency! Our Realtor came over on Sunday afternoon and we signed that contract; and then on Monday we went to the condo salesperson and signed our contract with them. This is a contingency in case something falls through, but that is unlikely.
Buying and selling in three days. My head is spinning. This is a good time to have a partner, who looks at things through another pair of glasses, to see all the paperwork. Although I would definitely say that no one in this transaction was pushy. We all want what is best.
We don’t do this every day. But once we decide on something, we go for it. The end result will be lovely to look at and our lives will be less complicated. We would like to be able to just go on a vacation at last moment, although that won’t be happening this year! We will have enough room to entertain, and enough for the kids to visit. That was my first desire. I couldn't go back to a 1200 square foot living space.
Although we lose our basement, and I am working on that as I write this, our first floor living space jumps from 1550 to 2050 square feet. I think we’ll be fine! Much of this is in the kitchen, which will be the family joke as I am not a big cook. They are building me a desk in my kitchen to have all of my computer and office things together (my books will be in my bedroom closet). There is a sun room which my husband thinks that he is going to claim. We’ll see about that.
So, I have much work ahead of me. And during this process, we also begin the work of our next class reunion also, so there will be more about that later.
Until we “connect” again…..