Prepare for a long story, while I tell you all about the last weeks events...
FridayA week ago Friday, Sally gets home and were talking about what to do for dinner. I say “I want to go to Subway (a sandwich shop for you Brits), but not the lousy one near us, the nice one about 8 blocks north of us.” Well, as we are driving up there, Sally suddenly says "Hang on!!!" and swerves the car onto a side street - she'd seen a sign for some new condos going on sale. The place was called Palmaire ( http://www.palmairecondosaz.com/), and its a condo renovation. Basically it was an old 60's motel or something that is being converted to condos. We loved it and started working out how to afford it but quickly realized that it was way too expensive. We could afford the mortgage, but never do anything else, and we kinda like doing anything else :-(
After getting all excited Friday / Saturday, and talking to the developer, and even taking a contract to read over, we had a big chat Sunday morning and decided it was stupid and we should go back to our original plan of waiting till the end of the year. Sally was heartbroken as she loved them, and I was too.
SundaySo Sunday, we decided what the hell, lets go out and have a drive around the neighborhood, look at some other condos and houses, just to realize that Palmaire isn't the only place in town. So we spent the afternoon driving around several condos we'd seen advertised but didn't really like any of them. As we’re driving out to Scottsdale we see a guy on the side of the road waving a big sign that says "New Condos!". We drove past, looked at each other and decided to turn around and have a look. So we loop round the block, and start driving down the side street. First we see some condos that are just beginning to be built and were thinking "Why are they advertising there? It's not even finished yet?" Then we notice another sign further on down the street so we drive on down and find another block of condos, so we drive into "The Lofts At Arcadia" and fall in love with them instantly! (
http://www.loftsatarcadia.com/)
They have 2 bedrooms available at the price of the Palmaire's 1 bedroom, and they have 1 bedrooms for a lot cheaper then anything at the Palmaire. They're really small (by American standards) but the lounge has a huge (14ft?) vaulted ceiling which makes it feel a lot more spacious then it is. Plus they have small gardens at the front & back, and except for the summer here, you can pretty much live outside year round - the front wall in the lounge and the back wall in the bedroom are literally wall to wall patio doors that walk straight out into the gardens. And on the model we like, you walk out of the garden and into the pool area. So we go talk to the people in the sales office, they have a mortgage broker guy right there and we get the paperwork started.
MondayMonday we had to fax him all our wages information. Tuesday Sally had to send him some more info, and he called in the evening to let us know things were looking good and we had a couple of options on the down-payments - 3% or 5%. The 5% was a lot more money down but only got the monthly payment down by $20 so we were hoping to be approved for the 3%.
WednesdayWednesday we heard that we'd got the 3% down-payment loan so I ran over to the sales office and put a hold on the condo we liked, luckily it was still available as we got in super early. Because of that we got a reduction on the price, and we don't have to pay any Home Owners Association fees for a year. This is great because the HOA includes all our water, heating and electric bills, so we basically have no bills apart from phone & TV for the next year! In a years time when we do have to pay the HOA fee, it's still cheaper then where we are now - yay! We also get all new kitchen appliances and a washer/dryer in with the cost of the house, so all we have to buy are drapes and we are done. That’s the kind of setup that maximizes your pool time ;-)
FridaySo today we went in and signed all the paperwork and if everything goes OK we should close in 30 days, ie. the end of May. We are so excited :-) While we were there signing, we noticed a newspaper clipping talking about the renovation work going on the and reviewing the place. The overall favorable review included one tid-bit of information that made us realize we had found the right home for us: when it was originally built back in the 70s, it was home to a nudist colony! Sweet, at least if it’s haunted the ghosts will be naked and stoned, something like an adult episode of Scooby Doo I imagine?
Now we have to work out how to fit all our furniture in there. We spent a lot of time measuring stuff so I think we have a pretty good idea. Some stuff will have to go of course, which is always a good thing IMHO - I always say the only important thing is the people & guitars you love - but as a bonus we can now get some nice patio furniture. I think a nice sofa and hammock are in our near future, I’m all for laying in the sun with a good book and a sangria...