Dashed Hopes and Changing Plans: An Update and Explanation

This was supposed to be THE post!  The one I’ve been waiting and waiting and waiting to share,  “Where, oh where, have I been hiding?”  Instead, I’m here with an update.  I’m sure THE post will come at some point, but today is not that day.  So, what’s been going on and why haven’t I been around more?

We received and accepted an offer on our house … yaaaaaay….(if you only could hear how feable that yay sounded like in my head.  It’s probably closer to yaaaaay)  Don’t get me wrong, the offer was very reasonable, everything was ticking along nicely.  The closing date was a short time away, but we didn’t mind that.  I was scrambling to get everything lined up, planning the last of the packing, figuring out what extra days Travis’s needed to take off, looking for a home to move to, and all that other wonderful stuff.  We were just waiting for the approval date (I’m sure that’s not the technical term, but you know it’s that “upon completetion of home inspection, upon approval of financing” date written into the offer) and let me tell you that was nerve wracking.  I feel. as though I have spent the last few weeks trapped in a strange limbo, ready to jump at the go signal but yet unable to really and truly move forward.  I haven’t been able to really focus on much of anything, as the waiting consumed my thoughts.  Instead I focused on the boys, and on allowing myself the time to zone out, knowing that in a few short weeks I would need to be at the top of my game, focus wise, to pull this move off.


My stomach was in knots for days, and then weeks, as our buyers asked for an extension The significance of the new approval date didn’t click in until it came and went with no word.  July 9th, is now in the running for my least favorite date this year.  Why is that date so significant?  Well, I’m sure my Canadian family and friends will understand without further explanation (especially if they are in the process of buying or selling a home) but allow me to explain.  Our federal government has decided that Canadian household debt is too high, and to help lower that they made some changes to the rules for mortgages.  Those rules took effect on July 9th, and our buyers got caught in the crossover.  (Personally, I don’t think that was fair, and my heart really and truly goes out to them)  

Here’s a general idea of what kind of new rules we’re looking at now.  They lowered the amortization period from 30 to 25 years.  Home buyers now need to come up with 20% down, (first time home buyers are at 10%) for more info here are a couple links to articles about it:

http://www.cbc.ca/news/business/story/2012/07/09/bmo-mortgage-housing.html

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2012/07/new-mortgage-rules-kick-in.html

So, what happened next?  Well, our buyers still wanted to go through with it, so they looked at the options they were given and tried to get it all straightened out.  We got the news yesterday that it wasn’t going to happen.  🙁  Not totally surprising, but still upsetting.

We’ve now entered the fourth month of living apart.  Travis and I are both weary of the situation, heck, we’re just weary.  I’m tired of living from phone call to phone call, then desperately trying to cram quality time, not just couple time but family time as well, into the brief time he’s home.  I want to be able to put a plate in the fridge for him every night, go to bed knowing that if he’s not home when I go to sleep, he’ll be there when I wake up.  I miss all the little, simple things of life together.  And so, the time of hoping is at an end; it’s time for action now.  We can no longer wait for the house to sell before completing this move.  August is almost here, the boys are both starting school in September, we need to get this done and over with before then.  I’m not entirely sure what this new plan will look like.  We’ve been discussing it off and on for a while now.  What I do know, is that it means a lot of new changes, and I’ve been spending some time trying to get it all figured out in my head.

In the mean time, I’m going to be hopping back into the world of blogging – no more hiding my head in the sand- and I’m already working on a printable (or three!) to share with you all.  The HMB has been put on hold for a little while, but everything else will continue along.  And, keep your fingers crossed, hopefully in the next few weeks I’ll be able to share some more moving tips with you, and I’m hoping to share some “sanity saver” ideas with you all as well!

I hope that these last few weeks have been really good for all of you, and that you are enjoying your summer!

Take care! <3