Bonus Mom was 54.
I miss her dearly.
A blog about the Sunshine Family's life and times transitioning from Big City life to Small Town Texas life. Oh yea, I have a husband, two young adults and two emotionally needy pets.
My seven year old Nephew is hanging out with the Sunshine family for a couple of weeks while school is out. This way his parents don't have to pay for child care and we Sunshines can spoil him. Win-win.
Patrick* is super-smart, and given he is my brother's child, my youngest sibling deserves this level of challenge in his life. However, I'm not sure my sister-in-law agrees. Sometimes (like yesterday) when Patrick talks to me, I start thinking of what life must have been like for DaVinci's mother or Edison's mom. Just like those mothers, my sister-in-law is a saint.
Anyway, I don't have to raise the guy, so what comes out of Patrick's mouth is just stinkin' cute. On our ride from North Phoenix to Mesa Tuesday he told me in great detail about the difference in how nuclear reactors work compared to how nuclear bombs work. I don't really know if he is right or wrong, but it sounded good to me.
Patrick also explained that I needed to ease up on my, "no explosions" stance in my home because he can "handle" a controlled explosion so if I would please just allow him to do what he needs to do, there won't be a problem. Auntie gave him a hard-no. He generously said he would be willing to revisit this later after I had time to think about it.
And finally, I got an earful about Big Ben--which is actually a 13 ton bell, not a clock tower. The tower is the Elizabethan Tower where the clock and bell reside. The tower is 30 stories high and there are "about" 365 steps leading up to the bell--the second Big Ben--as the first was 16 tons and was broken from a bombing during World War 2. The clock is not electric because it was put in before there was electricity back when, "everything was in black and white."
*His middle name.
Dee and her Merry Band of Felons are looking to buy and sell as soon as possible. The Felon in question lives in North Phoenix, but needs to be closer to Dee and the rest of her gang. So, as soon as she finds a place for this guy, they will then sell where he lives now. Which is great for me, but not so much for them because--in case I forgot to mention this--there are very few homes for sale.
Anyway, this morning Dee found THE PERFECT HOME and wanted to jump on it. This 85 year old, 900 square foot, three bedroom, one bath home on Buckeye and 19th Avenue already had three offers on it after six hours on the market. But what the heck! Let's make it four!
The only major tid-bit holding back the enthusiasm came from some covertly worded phrase found in the super-secret realtor remarks. "Buyer must be flexible about the closing date because the seller needs to find somewhere else to live."
I'm not even sure what that means to be honest. Does the seller need six months to scrape together a down payment? Is escrow supposed to be open indefinitely until the seller gets around to packing up? What if the buyer's interest lock expires and rates go up? And trust me, they can't go much lower. What if--and I don't foresee this from what I'm reading, but never say never--there is another housing crash in the middle of this indefinite escrow and the house doesn't hold its value? What if the seller decides they don't have to keep up the maintenance? What if the buyer or seller lose their jobs over the next few months while we are waiting to close?
Contracts have dates for reasons. If I were to have structured the deal, I would have let the seller rent back the property for an additional thirty days after escrow at market-rent. That might have been a reasonable solution. Dee however was realizing that this might be the kind of crazy she didn't need and stepped away. She subscribes to my reasoning that the deal of the decade comes along once a week. It is nice to have clients like that.
I noticed my Broker-Pal, Sally's house is under contract as of yesterday! I'm really glad. That was a tough sell. I'm really happy for her.
On an--I'm almost positive--unrelated note, there are 5,384 single family homes for sale in Maricopa and Pinal Counties. The least expensive one I found in the Valley is on McDowell and 35th Avenue. It is listed at $185,000, with multiple offers received. The remarks said the electrical and plumbing have been completely stripped in the house. If you don't want to live on McDowell and 35th Avenue but want under $200,000, might I suggest Kearny, Mammoth or Arizona City?
On another note, I was invited over once the pandemic subsided. I happily accepted the invite. They really are nice folks.
My gratitude list for this week includes the following:
1. I am not a landlord at this point in my life. If you want to know why, hit me up and I will give you eight years' worth of reading material, coupled with a lecture about how lenient judges are about tenants during a Covid pandemic.
2. Marty didn't get the layoff notice this week. Of course, we play this layoff game once again in a few weeks. But it is nice to have a slight reprieve for now.
Bliz came to town. So, we went on a girl's trip last weekend where we talked about the same thing we discussed when we were 16. We probably drank the same things then too. However, this time it came with matching pajamas, an Air BNB and about three hundred howling coyotes surrounding us as we walked in the desert one morning. I don't recommend that last one.
But you don't come to this site to see grown women in matching jammies. So, here's the latest:
There are 3.39 buyers for every home for sale. Last year there was 2.19 buyers per home. We thought that was an incredible seller's market back then. I am told the trend is "leveling out," but please keep in mind, it took a year to get this high, we (probably) aren't going to get into a buyer's market overnight.
In yesterday's real estate market presentation we were told that we will see prices falling when we have 57,000 new and VACANT homes active on the market. Given we have about 5,000 right now and most of them are occupied, I am thinking we've got a way to go. So, don't expect a crash any time soon--though if a giant wave of zombies attack, who knows? And before you scoff: we are in the midst of a pandemic and two hurricanes hit the exact spot in less than a week, plus the aforementioned coyotes. So, be careful folks.