What a roller coaster ride!!! Stress peaks at it's limit at the moment!!
Here's the updates ...
The guy we had through at the open home last Sunday made an offer (pretty good knowing the first person to view the property wanted to buy it)
But he offered $20,000 below our bottom dollar so we turned it down and told the agent if he came up at least $10,000 more we may look at it.
The agent then came back last night with a second offer from him of another $5,000 ... which we turned down again. Meanwhile we have had another two ladies come through to view the house yesterday, one was keen the other wasn't so sure.
The house is advertised in the property press this week and another open home this weekend. We're also going to get it listed on www.open2view.com
One the other side ... we understood from our bank manager that as long as we had a 40% deposit for the business there wouldn't be a problem with finance but have since found out that they require some sort of building/house as security for this. And because a superette is only the business itself not the buildings we have no security even tho we will have around $120,000 cash deposit.
So basically this cuts out any options of getting finance from a bank. At first I was devistated and my immediate reaction was to pull the house from the market.
But after talking to Bill about it and getting over the initial shock we decided we can still do it by buying a freehold superette with no finance. Which basically means buying a smaller store doing a smaller turnover but with no loan repayment fees means everything we make will be money in our back pocket. We can then start over saving for a deposit on a house straight away. We both feel good about this option. But what it does mean is that we need every dollar out of this house sale that we can get.
The original dairy we were looking at is now too highly priced and we feel it's a little too isolated too (located in Awakere, 10mins from Whakatane)
We've seen another one for sale in Waihi which sounds good and is in our price range to buy freehold.
On the eating front ... it's not a pretty sight!! Mum and dad came back from their Aussie trip yesterday and brought back a box of chocolate macadamias! My favourite!!! With all the stress I couldn't resist them looking at me and I'm embarrased to admit I ate the whole box (bar about 5).
Weigh in tonight and I'm hoping to make it if Bill makes it home early enough from work.
Till the next episode ... I'll keep you posted!
Catcha!
Lyn :)
SW 107.4kg
CW 73.2kg
WWGW 71kg
PGW 65kg
Wednesday, June 23, 2004
And I thought I was stressed before!
Posted by Lyn at 2:26 PM
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