We might be homeless !!!!

Long story short, we have been looking for some more space to accommodate the growing kids. The drawback of an intermediate link house was the open outdoor space is limited. Hence we have been on the lookout for either a corner or semi-d within our reach. Although we have a plot of land that can be built onto, but the current situation is not suitable.

So we have been looking around in a few areas but found that we wouldn't want to uproot the kids plus it going to be far away from our familiar support system. Hence when we knew someone in the vicinity is selling at a reasonable price, we grabbed at the chance and put in our offer.

As the process goes on, it was smooth sailing. We have gone through 2/3 of the buying process then we decided to put out our home for sale. Offers came in and we accepted one which was quite reasonable for us.

then we hit a snag, apparently the current owner of the house we bought has debts larger than what our loan repayment would cover, hence the registered owner has to fork out quite a substantial amount to settle the difference. This has been dragging for more than a month up to a point of where the buyer of our house has also reached the point where we were when we sold the house and it looks like they gonna settle their transaction first.

If thats the case, than we might be homeless once the process of us selling the house is complete when the buying process of our new house has been stuck in limbo. even with the owner handing vacant possesion by this month, we still need to do some major touchup on the new property before moving in.

Point to note when buying subsale :-

1. Don't leave all the search work to your lawyer, they might screw it up as ours did .. this situation would have been detected during the due diligence and we can opt out from the deal
2. Be wary of houses selling below market price ... quick sale indicates some underlying problem to the owner (especially financial issues with the lender)
3. The S&P Agreement is more towards protecting the buyer than the seller, the buyer would bear all the costs if the delay is by them but if the seller drags their feet, than they are protected. I wish I could claim the costs of Late Delivery plus the cost of rental in the case of us moving out from our home once the transaction is completed.

At this point of time, all we could do is to leave it up to the guy up there ....

1. 
   

Misery - Part 1

Murphy’s Law

Its true what they say, that what can go wrong will go wrong and most of the time in one go. Case to point :

1. Automobile Issues

1. It started with me driving the mrs black TA, parked at the local night market, upon returning to the car, there was a dent in the bumper by some thoughtless b****rd. Check with the repair shop would cost me around RM 200.

2. Had a first real fender bender earlier this month. Wasn’t my fault, but it needs some time to be repaired and as it was done by some green leave who might not be paying attention to where he’s going that fateful Friday evening, my car has been officially in an accident. So I cant sell it off claiming its “accident free”

3. The latest incident happened on 28 April 2011, me going back to KL from Penang after some work. It was raining heavily, as I reached the Ipoh stretch, the car doesn’t seem to turn around the curve as I expected it to. Instead it was heading towards the left divider. As traction control and ABS kicked in, it still headed towards that direction as I’m trying to stay in control keeping the car straight as possible. But when I sensed that I could not help but going to knock head on, I turned the steering to the right, that’s when it got really violent. The car was swerving and I faced the oncoming traffic twice before hitting the middle divider and coming to a halt. Luckily it can still move so I moved it to the side and put the hazard light on. This was the first time I have been in a “violent” accident, apart from the normal fender bender and it felt like the longest duration in my life. Luckily I’m alive and driving the car as any other local cars would have not survived the impact.