Home - is where I want to be / But I guess I'm already there /I come home -
she lifted up her wings /
Guess that this must be the place...
- Talking Heads, "Naive Melody"

Tuesday, July 14, 2009

House Hunting Roller-Coaster

I started typing this post when we were still waiting to find out what would happen.

A couple of weeks ago, we went to look at a house in Maynard, our first viewing in a really long time, given the market doldrums. Not a bad little place, we agreed; it had a lot of things we're looking for. We went back and saw it again, decided that yes, we did in fact like it. Put in an offer well below the asking price, and were surprised when the sellers came back with a very reasonable counter-offer. So we arranged for the inspection with high hopes.

And there, just like the last time, we ran into big problems. That the place could use quite a bit of work, we were prepared to hear. That it needed to be entirely rewired, and that we probably wouldn't be able to get a loan for it in the current condition, meant that the whole thing could be a dead end.

So our realtor, who is an entirely awesome person and has been working for us for a year now without getting anything for his trouble, sent the inspection report and a letter to the sellers, saying basically that we really do like the house, but we don't have the cash up front to deal with all of this stuff. You fix the wiring, without which we cannot buy the house because the bank appraiser will laugh, and we will up our offer slightly to cover some of your costs, and deal with all the rest of it.

They went for it. We're supposed to sign the P&S later this week.

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