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November 17, 2003
Bat-Cave Hunting
Wow... I guess I should have expected house hunting to be tiring. We have been veiwing house after house after house, This ones got galvonized piping, the next only has 60 amp electrical service the one after that has an irrecoverable roof, the next one has floors that are caving in, then OH! dont touch that!... thats uncovered aspestos!, and then a basement wall that has your very own tree roots growing through it.
Then if none of those things are bad, it has a brand new kitchen and a HOT TUB ... Drew says it has no "bat-cave potential". why does one need Bat-cave potential when one has a hot tub? why? WHY?!
We arn't in a rush to buy, I really don't care if we don't take possession untill summer, But I hope my weekends won't be competly slated for house viewings.
Yesterday we got word on a house that is only having it's sign put on the front today. We've been seeing houses that have all been posted for months,(trust me there are good reasons they havn't sold) so hopefully this one will be good (and have bat-cave potential) and we get first chance at a bid.
I'm exhausted and excited.
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Monday Nov 17th updated at 11:50
So we put a conditional bid in on that house, So now we have to wait out the ride of the owner accepting the bid, inspections, financing, insurance, and the morgage broker to view it.
The house has limeted Bat-Cave potential and no hot tub. But it was a really good deal because the outside property needs alot of work done to it so it was listed very low. It needs about $10000 dollars of work including the roof being re-done. The surrounding houses are valued at about $40 000 more than we are paying and thoose houses are a bit smallar in property and house size.
This house has the potential to build some equity as soon as we get all the work done in the spring.
The owner is hoping for a quick sale because he is moving quite a distance away and cannot maintain and take care of the property. With a tennant Drew and I shold only need to put in $200 a month to cover bills So not only is this going to be ecconomical while we are in school, but we should be able to buy a better house on the other side of all of this while (hopefully) make some money on a re-sale 5 years down the road.
We are crossing our fingers ( and toes and eyes)
Wish us luck!Posted by becca at November 17, 2003 03:03 PM
Comments
i have my hair crossed!k.Posted by: kstanger at November 19, 2003 03:07 AM