Home Suite Condo!

OK, gotta do this on the blog as I'm getting so many "how's it going" inquiries I can't keep up!

Adam and I made an offer on an amazing condo, conditional upon financing and inspection, and it's been accepted. THAT means, we've bought a condo as long as someone gives us the money, and our mortgage consultant thinks unless we're all very surprised by a credit report, we're fine. The inspection is likely a no-brainer - even the inspector we hired said he didn't really think we HAD to do one, but we felt better having a pro go through the place with us.

Closing will be March 17 as long as all the legal and finance gets done on time. It's a ground-floor corner unit, 3bdrm, 2-bath, in one of a pair of buildings known both as The Seagram Lofts and "Barrel Warehouse Park" though I think the latter name applies to the landscaped property and the former to the buildings. It's an urban reclamation rebuild of the old Seagram Distillery barrel warehouses. I've had one eye on it since it started in 2000, and any of you who have walked around my Uptown block with me will know the buildings.

It's only slightly more than I set out to pay, and if we get approved for our desired financing option we'll have a hugely flexible mortgage that between the two of us, we can probably get rid of in 10 years if we're determined, 15 if we're a bit lazier. And the unit is PERFECT, there's nothing else we could possibly want to do with it except furnish it. Hardwood, granite, stainless steel, designer lighting, window shades, and the seller, in concession to not really budging much on price, included a designer area rug - and a dinner gift certificate at a posh restaurant that shares the property (go figure). He wasn't wrong about the price being a good deal - it's a luxury property and going up - we just pitched low because we found out HE got it for a steal - but oh well, that's his luck. We bought it before he raised his asking another $20k, so if we look at it that way we split the difference between what we offered and what he really wanted.

We have the inspection scheduled for tomorrow and our finance guy says he'll have an answer by then - more news as it develops!