I sunk the house deal.
Let me back up, as we are both buying and selling at the same time. The deal that is off is the negotiation for the house we’ve been wanting for a while. I started negotiating with self -selling owner last week, and came close to agreeing on a price, but after looking at things on Zillow.com more and more, his asking price was wildly too high, to the tune of 25K. After meeting with the owner in person, I laid it out that his house was only worth what it was worth, and he said no deal was possible. I agree. I don’t care to help him get out from under his debt, it’s not my problem. If he needs to get out of Georgia, then he’s going to have to take his loss and his lumps.
So, no deal.
Enter, option #2. The log cabin in the woods. The three reasons we wanted the house of “he wants too much” were location, location, location. Well, that and the house was open, and had lots of great storage, and was an easily maintainable brick. It had its problems, too. The Cabin is equal to house #1 in location advantage. It is on the other side of our desired elementary school, but is even closer to the park and library. And when I say park – I mean the monster recreation activity zone with 2 playgrounds, softball fields, tennis cours, walking trails and skate park. So, location, a plus. I walked into looking at this house prepared to hate it. Look, dislike, leave. That was the plan. But it wasn’t that bad. It has an openness that I like. It has some neat spaces. It has that most alluring of qualities – potential. some of the cons are that it is way back in the woods, so there is no real potential for a garden without clearing some of the land. The drive is also unpaved, and I foresee the need to build a bridge at some point in the future – a costly proposition. But, it has a new roof. It has cabinets that beg for refinishing, pine floors, too. Whoever picked the luxurious, cooshy carpet in the master bedroom and den was obviously devoid of the ability to see colors. REALLY. I don’t like the bathtubs, but I do like the copper pipes. The dining room was used as a boy’s bedroom, but to bring it back to a cultured beauty will only require paint and a new ceiling fixture – perhaps a low profile ceiling fan…
See, potential. Oh, and the price is so right. It’s on the market as a Short Sale (the sale price falls short of the remainder of the current mortgage. Next step is foreclosure.) It could be a good investment for us. But…
It’s not my forever house. Tony wanted me to pick a house I wanted to live in forever. I dont’ know that any such house is available to us right now.
It hardly seems worth disussing, however, until we sell THIS house. So, hurry up and wait.