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Good news and meh news

January 29th, 2015 at 10:08 pm

NT's raise came through! I'm surprised, I must say; they always take forever at his job to move on things like that. Exciting that we've added more income. It's about $140 more per paycheck, or $280 per month.

We're finally at the point where NT and my paychecks will cover our bare-bones budget most months without any input from AS. Only a couple of months (CSA payment, Xmas, bdays) still fall short, but only by a few hundred dollars.

This will be wonderful when the condo is sold. But even right now it's nice; things are tight but not nearly as bad as they could have been.

We heard back from the potential condo buyer via our agent; apparently a friend of his who lives in one of our buildings put some worries in his mind about difficulty getting renovations approved, and noise complaints. So now he's hesitant. I sent some responses via my agent because honestly, before we had kids we only had one noise complaint, and that was when we were moving a ton of stuff around. And we had no trouble getting our (admittedly pretty minor) renovations done.

Still, just in case that buyer doesn't bite, we decided to lower the listing price another $5K. (He had indicated that he'd need a price reduction if he made an offer anyway.) Now, best case we would lose $27K on the deal, but more realistically people are going to ask for $5K less than listing, so I'm expecting us to actually lose about $32K.

I was hesitant to lower it that much before, but since NT got his raise and AS's freelance business is booming, I feel more confident that we can cover that now. It'll take some doing to get out of the hole, but it's good to know we can survive it. No chance of paying off my debt to our crazy seller now, though. My best hope for that will be to roll it into a refinance of the duplex, if that's still an option.

1 Responses to “Good news and meh news”

  1. frugaltexan75 Says:

    That's great news about NTs raise coming through!

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