Hiking the Paper Trail

The ten-hour drive back to Monterey-Salinas provided ample time to talk and plan. If Dale and I were buying, we needed to act quickly. Julian Realtor Dennis F. explained we had 24 hours to decide on the house or risk losing it. The window of opportunity, per Fanny Mae rules on foreclosures, stipulated first bids went to buyers who would reside in the house, followed by bids of investors, who could use the property in other ways. Monday at noon was our deadline. The list price of $440,000 was tenable for us, and a perfect retirement place, i.e. no mortgage, but contingent on proceeds from the sale of our other home. We discussed this with Dennis. Thank goodness realtors work on weekends.
Us—“Do you know how many offers are in place?”
Dennis—“There is only one I know of.”
Us—“Should we bid over the list price?”
Dennis—“Depends on how much you want this place.”
Then Dennis recommended “bidding a little over,” yet in line with the price per square foot of homes in the area. I saw the look on Dale’s face and knew he was mentally calculating the cost. Neither of us are gamblers, but this time we would be. I proposed $10,000 over, Dale pushed for $20,000, we settled in the middle. We figured we had little to lose in this “bidding war.” No, actually, worst case would be we get the Julian house, don’t sell our other home, and have to carry two mortgages. That would suck. Did I mention we are retired high school teachers and not millionaires?
Next phone call en route to Salinas was to our friend and Coldwell Banker Realtor, Linda M. Linda and I shared pregnancies and babies 31 years earlier. Back then (and sadly, even now), there was no pregnancy leave, we accrued “sick leave.” So, while we strolled with our new babies, we explored options as new moms who needed additional income. Linda left banking to pursue real estate; I stayed in teaching. I knew Linda was successful; her smiling face appeared in papers and on grocery shopping carts. We agreed to meet at our house on Tues. In the meantime, I posted a picture of our house for sale by owner, and asked friends to share on Facebook and other social media. Since we bought and sold our last homes by ourselves, we figured we could do it again, and maybe, just maybe, we’d get an offer before we signed a contract with Linda.
Arriving home, we faced the daunting task of dismantling 26 years of living in the same house. I looked around—so many memories and started to cry.
Tell me again, why were we moving?

 

 

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