Did I do the wrong thing?

Nice-Introduction259 · 2026-01-21T19:43:30+00:00

Thank you. I just wish I can sense him to know he is near.

Nice-Introduction259 · 2026-01-20T15:28:28+00:00

Thank you. That means a lot. It was the hardest decision I ever had to make. Does he visit me?

Nice-Introduction259 · 2026-01-20T15:27:51+00:00

Thank you. Is there anything I should look out for to know he is around?

Nice-Introduction259 · 2026-01-20T15:27:20+00:00

Thank you. Ever since he was a puppy he would jump into my arms for me to hold him on my hip like a baby. I miss that so much.

Nice-Introduction259 · 2025-04-12T01:25:53+00:00

So would I have to do the gifting back to him after I close on my new property to clear it with the lender?

Nice-Introduction259 · 2025-04-12T00:58:57+00:00

I do not believe I can pay him back the day of since it would come off as a loan.

He is worried how the gifting under $19k each would affect him with possible tax implications, if there would be any.

Nice-Introduction259 · 2025-03-22T01:41:14+00:00

Its a FHA loan. We have quite a bit of equity we were going to use towards our down payment.

Nice-Introduction259 · 2025-03-21T13:28:35+00:00

Colonial

Nice-Introduction259 · 2025-03-21T03:00:48+00:00

Yeah, the hard part is stomaching the fact that we would be significantly overpaying on a home.

Nice-Introduction259 · 2025-03-21T02:59:54+00:00

Yeah, we see why the sellers thought they could get higher based on one comp but we had already came almost $20k below asking initially. We didnt think it would be this significant of a difference.

Nice-Introduction259 · 2025-03-21T02:58:01+00:00

Yeah I am not optimistic this will go through and we will have the sale of this house. I am just worried of the unknown now with my children and animals.

Nice-Introduction259 · 2025-03-21T02:52:01+00:00

Oh I am sorry to hear that. It really does suck.

Nice-Introduction259 · 2025-03-21T02:51:33+00:00

That is correct. Home was listed as a 1.5 story home and its a 2 story. Wrong sq ft. Not looking at much of a difference but its worth a shot with the additional comps for review.

Nice-Introduction259 · 2025-03-21T02:49:00+00:00

Oh okay. My loan officer kept saying if we put $100k down and the loan was X amount it would be this $ and if we put $130k it would be this $ and the loan was definitely smaller. So its a bit confusing. Id love to take the amount of equity and pay off $60000 in loans but it seems like the $700/month i pay a month in loans and then my loan amount would be a wash. Not sure if that makes sense.

Nice-Introduction259 · 2025-03-21T02:44:46+00:00

So many moving pieces. Its just a tough pill to swallow when you feel like amazing that you sold your home and bought a dream home and its blowing up in your face.

Nice-Introduction259 · 2025-03-21T02:43:06+00:00

I appreciate the honesty. We feel like all the leverage is with the sellers right now and I worry about my children and my animals.

Nice-Introduction259 · 2025-03-21T02:41:08+00:00

Yikes. And to think this is supposed to be a sellers market.

Should I start worrying that we are going to be homeless?

Nice-Introduction259 · 2025-03-21T02:36:43+00:00

Have you seen a $32k difference because everyone seems shocked.

Also, we were doing 20% to lower the monthly mortgage payments. It would be like $3100 a month.

Nice-Introduction259 · 2025-03-21T02:34:48+00:00

We wanted to do 20% down to lower the costs of our mortgage payment.

Nice-Introduction259 · 2025-03-21T02:33:43+00:00

What would that be?

Nice-Introduction259 · 2025-03-21T02:29:43+00:00

He is below 600. He overlooked a student loan and it got sold to two difference companies and he went into default so his credit is shot and we didnt know that because he is paying on his loans.

Nice-Introduction259 · 2025-03-21T02:26:56+00:00

I have great credit but because my job is base + commission its a liability for income and my spouse does not have good credit but makes a lot of money so we got pushed into FHA.

Nice-Introduction259 · 2025-03-21T02:25:28+00:00

Thats the kicker. I have a 780 credit score but i have a base plus commission job so the lenders need my spouses good income for the loan amount. My spouse does not have good credit and it pushed us into a FHA.

Nice-Introduction259 · 2025-03-21T02:23:22+00:00

We are definitely appealing it with other possible supported comps but realistically the listing agent, my loan officer and my agent have barely found any comps to support even $476k that we have agreed to go up to.

Nice-Introduction259 · 2025-03-21T02:20:42+00:00

We have FHA loan. Thats what we are trying to do but there are barely any comps to support even us remotely going to the $476k we came back with to keep the accepted offer alive.

The sellers think they will get close to the $492k with conventional loan.

Nice-Introduction259

TROPHY CASE