i am relieved that the pest inspection report, and the building inspection report that i commissioned for a house i am buying revealed no problems. the house is viable, and soon it will be mine.
i have given a bank cheque for the 10% deposit to the lawyer, but she has not submitted it yet to the lawyers of the vendor because she made some amendments to the contract.
the amendments are just a formality. the main amendment is that the person who is renting the house i am going to buy must be out within 30 days, and she has not received confirmation of this, but the real estate agent told me he already has a place for the tenant to be relocated to.
i really want my deposit to be received by the vendor, because at that time, the house is not able to be sold to anyone else but me. i really want to pay for the full price of the house as soon as possible, but it is not possible to pay the full amount immediately because it is against the law. i have the money in my account and i am ready to go, but i must wait due to legalities until the contracts are exchanged.
i very much hope that some investor does not make a higher offer on the house, because it is still possible for them to do before my deposit cheque has been received by the vendors lawyers.
hopefully my lawyer will receive confirmation that the tenant will be out by 30 days tomorrow, and she will then forward my deposit, and then the house is almost mine. no one else can make an offer after my deposit has been received, but if i have a heart attack tomorrow and i have to spend $50,000 on medical bills or some other problem arises, then i will miss out.
i do not think that will happen, but i will be immensely happy when i complete the settlement and the house is mine.
i like the area the house is in very much and i am looking forward to getting away from my current rental location and paying nothing but yearly rates of $1000 to live there.
here is a picture of the backyard.
i am happy about that.