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Old 08-07-2006, 07:44 PM   #1
MacroGuru
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Woot! New Home! (YES GOT ONE!!!!)

Well.....stress hit tenfold here in the house this week.

Our current landlord we were under lease option with pulled the option out from under us. We were going to enact it this month, and then they raised the rent on us $100.

If you have read some of my other threads about our home, we have zero backyard here, what I mean by that is it is large, but no grass, a lot of dirt and puncture vines.

The landlord cited market value increase....for that to happen, there has to be reason for it....

Well, we just found a home, within our price range in a new growth area. The kicker.....my backyard is basically the 13th hole of a golf course..soon to be a PGA golf course, as my understanding is, they will have a tourney there this year or next on the course.

My property value should increase every year, this has me excited.....We meet tomorrow to sign the paperwork on the home....With move in happening hopefully this week or next....

I will post pictures once it is finalized and officially ours!

BTW...this will be our first home to own.....so there is something special there.
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Last edited by MacroGuru : 08-29-2006 at 11:43 PM.
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Old 08-07-2006, 08:46 PM   #2
Craptacular
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Congrats! Watch out for errant golf balls.
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Old 08-07-2006, 09:43 PM   #3
Eaglesfan27
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Congratulations. I'm still basking in the glow of closing on my 1st home a few months ago
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Old 08-07-2006, 10:57 PM   #4
Lorena
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It's funny how life does that sometimes eh? You lose something, but gain something even better in return.

Gratz, that's awesome MacroGuru!
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Old 08-08-2006, 06:13 AM   #5
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Congrats! Home ownership has got to be the greatest feeling...
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Old 08-08-2006, 02:23 PM   #6
Lonnie
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I checked woot, they only had joysticks for sale today, not a new home.

Congrats, sounds like great timing.
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Old 08-08-2006, 09:12 PM   #7
Antmeister
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Congrats sir to you and your family. A backyard is a beautiful thing when you got some little rugrats around.
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Old 08-08-2006, 09:58 PM   #8
Dutch
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That's awesome news, especially the golf course, that would be awesome....so long as all my neighbors weren't 75 years old and cranky.
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Old 08-08-2006, 11:47 PM   #9
MacroGuru
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Sooooo....abruptly my little world crashes.....

I knew I shouldn't have posted this...We went in to finalize the papers, and the seller had backed out on us...

We were pretty distraught, then the admin assistant of the realtors office called us, and let us know that someone came in over the top of us to the tune of $50,000 over asking....She felt horrible it happened, but had to let us know because she didn't feel we were treated right. No one told us anything other than the seller backed out.
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Old 08-09-2006, 12:13 AM   #10
SackAttack
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Quote:
Originally Posted by MacroGuru
Our current landlord we were under lease option with pulled the option out from under us. We were going to enact it this month, and then they raised the rent on us $100.

Not sure I understand what's meant here. You were going to enact the option, but doing so would have cost you an extra $100/month?
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Old 08-09-2006, 12:20 AM   #11
MacroGuru
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Quote:
Originally Posted by SackAttack
Not sure I understand what's meant here. You were going to enact the option, but doing so would have cost you an extra $100/month?

Sorry, they pulled the option out...and then just said, we aren't selling and if you want to stay the rent is $100 more
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Old 08-09-2006, 12:34 AM   #12
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Quote:
Originally Posted by MacroGuru
Sorry, they pulled the option out...and then just said, we aren't selling and if you want to stay the rent is $100 more

Was the option offered but never legally codified, or was it part of the rental agreement you signed when you entered the house?

If it was part of the agreement, then unless the agreement gave them the right to revoke the option, I can't imagine they would have much of a leg to stand on, legally. It would seem to be breach of contract unless the contract gave them the right to do that.
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Old 08-09-2006, 03:44 AM   #13
Vince
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Quote:
Originally Posted by MacroGuru
Sooooo....abruptly my little world crashes.....

I knew I shouldn't have posted this...We went in to finalize the papers, and the seller had backed out on us...

We were pretty distraught, then the admin assistant of the realtors office called us, and let us know that someone came in over the top of us to the tune of $50,000 over asking....She felt horrible it happened, but had to let us know because she didn't feel we were treated right. No one told us anything other than the seller backed out.

Sorry to hear about that, Dennis.
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Old 08-09-2006, 08:46 AM   #14
JeeberD
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Damn, sorry...
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Old 08-09-2006, 09:02 AM   #15
MacroGuru
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Quote:
Originally Posted by SackAttack
Was the option offered but never legally codified, or was it part of the rental agreement you signed when you entered the house?

If it was part of the agreement, then unless the agreement gave them the right to revoke the option, I can't imagine they would have much of a leg to stand on, legally. It would seem to be breach of contract unless the contract gave them the right to do that.

It's written into the contract most lease options have that because the fact home value can increase in the amount of time the lease option is set.
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Old 08-09-2006, 12:45 PM   #16
SackAttack
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The option was written in? The right of revocation was written in? Both?

Last edited by SackAttack : 08-09-2006 at 01:06 PM.
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Old 08-09-2006, 01:01 PM   #17
vtbub
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Ouch
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Old 08-29-2006, 11:51 PM   #18
MacroGuru
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Alright....

I waited until I finalized the papers tonight...

I am now officially a home owner..just finalized everything tonight, looks like when I get back from my 4 week trip to Bentonville, AR I will be coming home to a new house.

Nice little planned community, 1675 Sq ft, 3 bd/2.5 bath with 800 sq ft unfinshed in the basement, which has insulation and everything, just need to slap the sheet rock up.

I am excited now!
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Old 08-29-2006, 11:55 PM   #19
Rich1033
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Congrats!
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Old 08-30-2006, 01:58 AM   #20
Marc Vaughan
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Many congrats
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Old 08-30-2006, 02:06 AM   #21
Poli
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Rock on!
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Old 08-30-2006, 07:09 AM   #22
FrogMan
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congrats Dennis!

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Old 08-30-2006, 07:14 AM   #23
Toddzilla
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Based on the title, I though you bought your house on woot.com. Now *that* is a bargain!

Seriously, though, congratulations you homo(wner)!
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Old 08-30-2006, 07:19 AM   #24
stevew
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Quote:
Originally Posted by Toddzilla
Based on the title, I though you bought your house on woot.com.
Hopefully it's not a bag of crap.

Congrats.
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Old 08-30-2006, 07:22 AM   #25
Emiliano
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Congrats Dennis!
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Old 08-30-2006, 07:27 AM   #26
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Congrats!
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Old 08-30-2006, 03:10 PM   #27
MacroGuru
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Thanks all, I will try to get pictures up before I take off for my work trip.
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Old 08-30-2006, 03:43 PM   #28
MizzouRah
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Congratulations!! Nothing like owning a home, especially on a golf course - lucky you?
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Old 08-30-2006, 03:46 PM   #29
MacroGuru
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Quote:
Originally Posted by MizzouRah
Congratulations!! Nothing like owning a home, especially on a golf course - lucky you?

Unfortunately, this one isn't on a golf course, just at the base of a nice big mountain.....
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Old 08-30-2006, 04:26 PM   #30
Eaglesfan27
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Congratulations. I think new home ownership is one of the greatest feelings.
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Old 08-30-2006, 04:38 PM   #31
rjolley
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Congrats Macro.

Hopefully, I'll have my thread about owning a home started in about 2 weeks. I'm due to close on the 15th.
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Old 08-30-2006, 11:28 PM   #32
Lorena
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Grats MacroGuru! I'm very much looking forward to your pics and I still keep an eye out for any new ones on your flickr acct
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Old 08-30-2006, 11:33 PM   #33
MacroGuru
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Originally Posted by Dodgerchick
Grats MacroGuru! I'm very much looking forward to your pics and I still keep an eye out for any new ones on your flickr acct

I have a bunch more I need to upload to the Flickr account, including our drive on the backside of the mountains here in our Jeep.
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Old 08-31-2006, 07:18 AM   #34
Flasch186
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congrats
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Old 08-31-2006, 10:40 AM   #35
MizzouRah
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Quote:
Originally Posted by MacroGuru
Unfortunately, this one isn't on a golf course, just at the base of a nice big mountain.....

I'm confused.

Quote:
Originally Posted by MacroGuru
Well, we just found a home, within our price range in a new growth area. The kicker.....my backyard is basically the 13th hole of a golf course..soon to be a PGA golf course, as my understanding is, they will have a tourney there this year or next on the course.
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Old 08-31-2006, 10:53 AM   #36
FrogMan
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Quote:
Originally Posted by MizzouRah
I'm confused.

read the whole story, the one in the first post, the seller backed out on them, he then got another one...

FM
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Old 08-31-2006, 10:54 AM   #37
MizzouRah
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Shoot, didn't read further down the post. Sorry....
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Old 08-31-2006, 11:01 AM   #38
MikeVic
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Grats!
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Old 08-31-2006, 12:20 PM   #39
MacroGuru
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Quote:
Originally Posted by MizzouRah
Shoot, didn't read further down the post. Sorry....

No worries, it's all good...
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