According to that timer on the right bar, today marks the 1 year mark to my possession date. Of course, I’ve already gone past that 1 year mark once already but if you recall the date got bumped back a few months due to various circumstances. Compared to the last time a couple of months ago, I’m now in such a better state of mind over the whole condo thing. So many loose ends have been tied up in this early phase. I feel like I can kind of cruise through for the next little while. So, as long as I don’t encounter and weird-ass issues over the next little while, I’m feeling alright.
Tag Archive: possession date
Final upgrades
Bloody hell. I just wrote a couple of paragraphs about my day and the damn browser crashed on me. Ugh. Well here we go again.
Whoo, I’ve had a full morning. Today I had another appointment at the design centre to finalize all of the selections the consultant and I had drafted out during my previous visit. In the end, I did decide to go with my full wish list–so yeah: that’s one big chunk of change. Throughout the process I was letting out big sighs of disbelief. I mean, the whole thing was like this weird dream where I’m signing away large amounts of cash. It felt totally unreal. I mean, how often do you get to do that, right?
The lead up to this morning has been mildly rough. I’ve been really apprehensive about the whole thing because I’ve been worrying about where I’m going to get the funding to do everything that I want to do for my place. When it comes to monetary things, often I worry a great deal. In the end, things usually work themselves out due to paying close attention to flow or other circumstances, and I end up having worried for nothing. It just turned out that this morning’s meeting was just another case where circumstance was on my side.
OK, so here’s some background. I have to pay 15% of the purchase price as a deposit for my place. I’ve already paid off a large sum of that, but not the full percentage yet. I have to come up with the balance of that cash (which is a couple thousand) by my possession date next April. Secondly, since I’m trying to finance my upgrades, I only have to pay off 35% of the total cost of the upgrades as a down payment. That can be spread out, but it’s still a hefty bill. So you see, that’s why I was concerned. I mean, I was worrying about where I’d come up with the cash to take care of both. So this morning is where the magic happened.
As I signed away on pages and pages of forms, the design consultant told me that the down payment for the upgrades would count toward the 15% balance. What in the world?! She punched in the numbers into a document, and after deducting the upgrade cost, the remaining balance due next year turned out to be just a few hundred. She wasn’t sure that the numbers were right, so we calculated it all out together, and indeed, it was correct. Oh, but since it was just a few hundred, I told her that I could write another cheque for that balance and throw it toward a larger down for the upgrades. So I did that, and when she punched in the numbers into the document, the balance listed was $0.
$0.
What in the world??? Effectively then, I don’t have to pay any more come next April. Again, we were both questioning the numbers, but yeah, they worked out. That is absolutely insane. It frees up funds for other uses! It’s certainly one less thing for me to be stressing out about. Craaazy! I may have had doubts before, but seriously, I can do this! I’ll be honest and say that I really feel blessed that something this important has a bit of resolution, know what I mean?
And so, today was a good day.
Pushed back a few months
A few days ago someone came to the door to try to deliver a registered letter. Unfortunately no one was here to answer the door so a notice was left behind for us to pick it up at the post office. Thing was, the postal carrier didn’t write on the notice just who the letter was for. So it sort of just sat around until my father called the post office and found out that the letter was actually for me. Eh? I wasn’t expected any registered mail, so I was intrigued. It’s only today that I had the chance to go pick it up.
Bad news.
It’s a letter from the builder of my condo. It says that due to circumstances “out of [their] control” the tentative date would have to be pushed back. It’s being adjusted up to April 8 of next year. When I read the letter I was pretty disappointed. I fell into one of those silent contemplative modes. Luckily, I was already alone and didn’t have to deal with anyone. I drove home stunned, but kept it all in perspective.
First of all, I already expected that this might happen. Apparently I’m not the luckiest man in the world. Ha! By pushing it by four months, at the very least it will give me more time to accumulate more resources. Precious resources! I need to save for the upgrades, furniture, and see if I can produce a bigger down payment. That all would have been a tall order if it was left to just a time limit of 9 months. With 13 months…it’s a bit more tolerable.
Over the past few months, I’ve been watching the Phase 1 houses go up in the area, and I’ve been cheering for them because really once their done then most of the focus will be turned to my building. I guess it really doesn’t matter too much at the moment any more.
So, it is just with a little bit of sadness that I am resetting my countdown clock. That’s life. 
Countdown to possession
It almost sounds like something that would happen in a weird-ass horror flick, doesn’t it?
Well, no, the title of this post refers to the new widget I’ve added to the right sidebar. It counts down to when the tentative condo possession will take place. I’m praying that there won’t be any delays, but that’s always possible. It will be a sad day if I ever have to reset the clock.
There’s just a little over 11 months left. Good grief.
Cat out of the bag
I think it’s time to let the cat out of the bag. I mean, many of my friends already know, so…
A little while ago I mentioned that it would be 20 months until some event. From the sound of the way I wrote that entry, it seemed like it would be something huge. It will be. You see, last weekend, I placed a down payment on a condo. It still hasn’t been built yet, however, it’s due to be completed by November 2008, which is 20 months from now.
(I KNOW! I’M IN SHOCK)
The process happened so quickly. It wasn’t more than a few days before the purchase that I was truly resigned to waiting until a long time from now in order to save up a substantial down payment. However, things change. As my father said: “Use your imagination! That money can come from other places.” So, in the end, I (somewhat hesitantly) jumped on the opportunity to be part of the the buying frenzy for this place. It’s a short walk from a major subway station. From there, it’s about 20 minutes into the downtown core. The price was decent for this place, and I expect it to rise once it’s at completion. I think the initial investment will be worth it.
So yeah…there’s another step forward, positioning me well into the adult world. I’m going to have a bloody mortgage. What the hell??? 
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