Thursday, August 11, 2011

Five Zero Zero Zero Zero

Or $50,000.

Isn't it funny how people's money always seems to be the elephant in the room?  Well, I like elephants in rooms.  It's not like I'll tell you how much we make (although I'm sure you're dying to know -- ha!), but I will tell you that a check for fifty thousand dollars written out to Tom and Kelli Rich was delivered to us on Tuesday.

Why?  Because someone is paying us that amount to move out of our house by the 24th of August.

It started in November when Tom decided to take a leap of faith and start his own business.  We didn't know where we would be so we decided to sell our house.  We sent it out to my broker's list for a few weeks but never actually put it on the MLS because we decided that we didn't need to sell because we could stay here.

Then a few months ago this family called my broker and asked if we would still be interested in selling our house.  They came over to look at it and made us an offer that was more than what we paid for it.  We talked about it and decided that we would sell so that we could pay off our student loans (the only debt we have left).  We used to be in debt somewhere around $1.5 million, which will be another post entirely and I'll tell you the whole story.

So they offer.  We accept.  The closing date was supposed to be July 15 but they had some financial issues and asked to extend to Sept. 1 and that was fine.  Then it got closer and closer and I told my broker that I would not pack one box until after closing and I wanted two weeks to get out.  He told that family and they asked if they could give us $50,000 to be out by August 24th so their kids could be ready for school.  They also asked for up to 6 months to close on the house and they would pay rent every month until they close.  But get this... if they don't close, we keep the house and the $50k.  It's a good deal for us either way.  And, either way, with the 50 grand and our savings, we will [most likely] be able to pay off the student loans.

There you go.  A peek into our finances.  The goal is to be debt free and we are SO close (relatively speaking, of course)!


Brittney said...

Wow, that's so awesome Kelli! What will you do now though, where are you going to live? Remember how much you loved Salt Lake County??? Remember??? I am so happy for you guys though, that has to be a big weight of your shoulders!

Michelle said...

hahaha first. can I just say.. i love that elephant in the room too. Hilarious. and we have too much fun talking about all those different "elephants" haha.
So so excited for you guys to become DEBT FREEE. :) what a blessing these peeps were to pop in and wanna buy and pay you to move out! Can they write a 50,000 dollar check to Michelle Botkin too? ;D
The bad news here..... I will miss you friend!!!!

The Knudsen Family said...

That is great. Good luck with your move. That would be so nice to be debt free. We used to know what that feels like but it has been awhile.

Ogden Family said...

that is great! If you need a place to stay let us know and we might be able to help out. You see Nate and I have a KING size bed and I think we could all fit! (; bahaha

Actually we do have a bunk house on our property that is temporarily occupied, but we may be able to make some adjustment. Just some thoughts...


Kelli said...

Thanks you guys! To answer some questions... For a short time we will be moving to Hidden Springs (a Stepford-like community near Eagle) to stage/live in someone's house. Although the king bed in Heather's house would be super awesome! But I will tell Tom about the bunk house as a potential option (thanks!).