Still waiting

[lokheed]

Realtor is meeting with seller now.  Transaction is complex in that seller is not owner.  Seller is inital occupant of the house, holding a contract to buy the house from the actual owner by the end of this month.  So the owner will make a cash sale to the seller, who will then turn around and sell it to us in the same transaction.  So if seller likes the offer contract, she will take it to the owner later today.  We'll have a gut check within another hour or so, but thus far it looks good.

I think Freddie Mercury said it best in Under Pressure when he sang:

Ee do bay bup
Ee do bay ba bup
Ee do bup
Bay bup
Dee da dee da day
Dee da dee da dee da dee da

Comments

[treebyleaf.livejournal.com]

Um... home inspection??

[lokheed.livejournal.com]

Home inspection comes hot on the heels of offer acceptance. There are contingencies in the offer contract that allow us to back out of the deal. For example, if mold is discovered we can bail. There are other circumstances which will allow us to walk away, and (more likely) we can go back with addendums for repairs based on the inspection.

[treebyleaf.livejournal.com]

Thanks for the reassurance.

I am really keeping my fingers crossed for you guys.

[stannius.livejournal.com]

cool, I would NEVER give up an inspection. The potential down side is just huge.

[damashita.livejournal.com]

Yeah... i just watched one of those home improvement shows on Discovery or HGTV - the new owner hadn't had an inspection (on the POOR advice of her realator who wanted to close the deal quickly) and it turned out there was rot EVERYWHERE... she basically had to totally rebuild the whole f-ing house.

Get the inspection, no matter what. Foundation, roof, everything.

[stannius.livejournal.com]

It could get even worse than that... it's even a possiblity that you could end up with not just a worthless property, but a property that's worth negative money if there's some hazmat contamination or anything like that.

[lokheed.livejournal.com]

Yeah. 'Cause I'm not worried enough already.....

Ack!

[kajagoogoo.livejournal.com]

Seriously.

[stannius.livejournal.com]

well, that's what inspections are for :)

A far more common risk when buying a house is that you'll have to move sooner than you expect. That's the reason (aka irrational fear) I am still renting. Anyways contaminated ground is, I assume, much more common for commercial properties.

[lokheed.livejournal.com]

...contaminated ground is, I assume, much more common for commercial properties.

Yeah. But around here, that ground could be an ancient indian burial ground, just waiting to unleash the full fury if its demons and to cause blood to seep from the walls.

Or possibly there might be a sinkhole.

[retcon.livejournal.com]

So, tonight's a double-feature of Poltergeist and The Amityville Horror?

[lokheed.livejournal.com]

No, man, that's the lineup for the house warming party. Which you are most definitely invited to if there is some way for you to swing a trip down.

[kajagoogoo.livejournal.com]

Dude, you're harshing my high.

[stannius.livejournal.com]

Sorry, not trying to... You're getting an inspection, you'll be fine! house ownership = teh cool!

ya know what?

[kajagoogoo.livejournal.com]

I'm freaking out here! good thing it is busier than heck here today. I'm trying to not think about this. So of course, I read your LJ to see what's going on.

[ncontrol.livejournal.com]

When I bought my first house up here in the NWest.
We used a company called Home Master of America. They are nationwide and do an AWESOME job.
They walk you through everything they are doing and even leave you a video tape to help you after the sale.
Might be worth a shot seeing if there is a representative in your area.
Wish I had used them this last time....