lokheed: (Default)
([personal profile] lokheed Nov. 16th, 2005 11:35 am)
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
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From: [identity profile] stannius.livejournal.com


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

From: [identity profile] 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.


From: [identity profile] 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.

From: [identity profile] 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.

From: [identity profile] 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.

From: [identity profile] retcon.livejournal.com


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

From: [identity profile] 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.

From: [identity profile] stannius.livejournal.com


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

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