Land Purchase Update!

I realized I hadn't updated my blog to let you know how our meeting with Charlie went Sat. He was very fair with us. The land is valued around $41,500 and he offered it to us @ $38,750. Originally we were going to offer $40,00, then $39,000 and then we decided to offer $38,000. We went over all the details and agreed on those. We prefer to pay the taxes ourselves, rather than him escrow it. He also offered us 1/2 month payments since we have to do it that way anyway, so that is better for us. We pay interest on 15 days and lower the principal every fifteen days so we thought that was great! May not look like much at first, but every little bit helps. He also gave us no penalty for early payment. Well, everyone knows how I have always had a hard time standing up to people. Mike spoke up during the meeting, but he told Charlie that he would agree to the financial matters that I knew we could handle, since I take care of them. After we came to agreement on everything else, he handed me the 1st page of the amortization example and asked if we had anything else. I almost caved and said "No, that's all." But even though I knew he was being fair with us(he has never even charged us late payments over the past 5 years when we were late sometimes), I knew for myself I needed to speak up and say we hadn't come to an agreement on the price of the lot. He, of course, wanted to stay at $38,750 and we had already told him $38,000, so I said I would rather even it off at $38,500 and he agreed right away. I know $250 doesn't sound like much, but it wasn't really a matter of money on this issue. Most of my life I have just accepted whatever anybody was willing to give and I knew I had to make a stand sometime. Well, I did, and he agreed and I felt sooooooooo good about it. Not only does anybody that knows me well, knows I have had a hard time with that, but also to make a stand against a male figure made it doubly hard. I am so proud of myself, and it was so great when Mike told me he was very proud of me too. We will be signing the papers this week. Even though we had been purchasing the trailer and paid that off in June, we were paying lot rent on the land for the past five years. Now, we are no longer renters! That feels good!

TGIF!!!!!!

I am sooooooooooo glad it's Friday. Tomorrow aft. Mike and I are meeting with Charlie. He's the man we bought our trailer from and have been paying lot rent since we didn't have a big enough down pymt for the whole thing. He has been pretty good to deal with. Please keep us in your prayers that he accepts the amount we are going to offer. He said he can set the payments at whatever we want, since he is carrying the contract. The only reason we are going to go ahead and buy the land is to build up some equity in it so we can sell the whole place hopefully by next year. This way we will have more money to move to Oregon and get a place up there. The land value continues to go up so this should help us. Even if it tops out, this is a whole neighborhood that used to be a mobile home park about 20 years ago. Housing developments have been going up all around us, so there is a possibility they will want to do the same with our area. Which will be good for Pat & Laura and for Mike & I.
Also keep praying that Tropical Storm Franklin keeps going in the direction they are hoping it will take, which is east of us and moving to the north back out into the sea! That way nobody will be hit with it. This has already been a nerve wracking summer with so much activity this early. Maybe it's just getting it out of the way early. lol The weather down here has been miserable. It is supposed to be 94 degrees today with a comfort zone of 105. Seriously people, how do you call that a "comfort zone"?
I received my new course. It's Intermediate Accounting 1, the text book is "Financial Reporting and Analysis". There is alot involved with it and I am really going to have to stay on top of it to complete a lesson a week. That's my goal though! I get to work early enough that I can study for about 15 mins or more, I study at lunch, and study some more when I get home. That's the only way I can complete a lesson a week. But it will be worth it to get it completed.

ANOTHER A!!!!!!!!!!!!!!!!!

I sent in my final exam for Microeconomics last night and I aced it! I finished the course with an A. This was a difficult course and I am really glad to have it out of the way. I only have four more courses to finish my associates degree in accounting. I can finally see the light at the end of the tunnel!