Thursday, August 21, 2008
The inspection....
Well today went sorta well. My Condo went on the market, and already there is someone who wants a showing before the Open House Sunday.
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anyway...
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The inspection went sorta kinda well... no structural problems
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The house does need work (I knew that)
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I emailed my realtor and told them $170K (my original bid $185K) take it or leave it.
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Let's see what happens...
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:)
anyway...
---
The inspection went sorta kinda well... no structural problems
---
The house does need work (I knew that)
---
It needs new windows (lead paint, old style) and Electrical work and Basement Sealing (mildew) and Insulation and an old Oil Tank removed....
---I emailed my realtor and told them $170K (my original bid $185K) take it or leave it.
---
They are behind in their mortgage evidently. If I back out, they have to start the whole process again and could not possibly close until the earliest November 1st with a new buyer, maybe later...
---The closing date was always an issue with them. They want a fast sale. I am ready to hand them a check for $170K on September 15th.
---Let's see what happens...
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:)
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good luck! i can't wait to see photos of VUBOQ's Guest Room!
In which case, I would have made an ultra low ball offer, because it would be out of the current owner's hands at that point, anyway.
Or, wait until the property goes to foreclosure, and bid on the property at the courthouse for the best price.
Initially when the house went on the market, there were 6 showings and 5 bids (including mine) in the first 3 days. One of the bids was for the full asking price. Mine was accepted ($5K less than the asking price) because there was no bank involved and I could close a month before everyone else (September 15th).