So, I'm going to be a homeowner. Again. Still.
Back in December, Mike and I hired a realtor and put the house back on the market again. It had been two and a half years since our split and it was time, despite the bad market, to try selling the house again.
Of course, in the nearly three months it's been up for sale, there's only been one person come to see it. And he was mostly a sightseer, checking things out for his daughter who may or may not move to Fort Lauderdale.
Mike's been anxious to sell, because he wants to leave Florida. While I dread the thought of moving, I've been looking forward to maybe getting to buy my long-coveted loft downtown.
But the market is shit and nothing -- and I mean -- nothing is moving.
Interest rates haven't dropped as all of the analysts had predicted. Prices are still falling in South Florida and there is currently a two year inventory. Two years!
We had talked about refinancing if the rates came down and Mike's spent all week last week crunching numbers. And talking to Scott, our mortgage guy. But apparently the numbers they were crunching weren't just for refinancing.
Mike was anxious to talk to me about numbers all last week, but I had several late nights and it wasn't until Friday that we could actually sit down. When we did, he presented me with a proposal of sorts: to buy him out.
Wow.
I'd considered the idea more than a year ago, but the value of the house was much higher and there was no way I could swing it. Now, the value is down and I have a new job and higher salary. After freaking out for a bit and then talking to John, Cary and my father, I decided to do it.
Scott had hoped that the rates would fall today to 5.75, but they didn't. He's got all of the paperwork and we're ready to go. The rate just has to fall a bit and then he will press the button.
And then I will be a homeowner again. Still.
Stay tuned.