Meghan54
Lifer
Wife found---got shown---this house:
http://www.zillow.com/homedetails/215-Taylor-Town-Rd-Abbeville-SC-29620/2119909591_zpid/
She really liked its layout. Very flowing, feels larger than it measures. Does need some work, mostly cosmetic. She put in a $65K offer on the property. It did have a contract on it but the financing for it fell through about a month ago....not uncommon these days from what we hear. Glad in our case, it'll be a cash sale.
UPDATE:
Offer was accepted today, but not the original offer. We threw out that $65K lowball offer hoping for a counter....then we'd have seen where they really were in lowest they'd take.
Found out that there'd been a previous offer made a week ago by another buyer (I know, oldest story in the book....), bank countered, buyer not heard from since, supposed to be arranging financing.
We put in offer, and since there already an offer on the property, the bank was gave me another shot at coming close to their counter they'd offered the other buyer--we are paying cash, after all, and that should give us a bit of a leg up.
We put in $75,500 offer.....$10K above our lowball and 10% below their current asking price. Looking at the pricing history of the property, 10% drop may have been seen in a month or two--it has been for sale since Apr. 2012, but who wants to live in Tiny Town, USA, esp. the rural south, near two good fishing/boating lakes? 😉
Of course, our purchase is entirely dependent upon the home inspection, pest inspection, mold inspection, title search and ability to obtain title insurance, any fault found with any of those allows us to walk away without penalty.
And our agent states the bank wants to close before the end of the month. OK by me.
So, I guess we've bought a house. From first viewing to occupancy in under 30 days. Amazing how quickly things can move along when paying with cash. 😉
Update #2:
We Close on April 5th......primarily pending the home inspection, which is scheduled for this Friday. Fingers crossed.
http://www.zillow.com/homedetails/215-Taylor-Town-Rd-Abbeville-SC-29620/2119909591_zpid/
She really liked its layout. Very flowing, feels larger than it measures. Does need some work, mostly cosmetic. She put in a $65K offer on the property. It did have a contract on it but the financing for it fell through about a month ago....not uncommon these days from what we hear. Glad in our case, it'll be a cash sale.
UPDATE:
Offer was accepted today, but not the original offer. We threw out that $65K lowball offer hoping for a counter....then we'd have seen where they really were in lowest they'd take.
Found out that there'd been a previous offer made a week ago by another buyer (I know, oldest story in the book....), bank countered, buyer not heard from since, supposed to be arranging financing.
We put in offer, and since there already an offer on the property, the bank was gave me another shot at coming close to their counter they'd offered the other buyer--we are paying cash, after all, and that should give us a bit of a leg up.
We put in $75,500 offer.....$10K above our lowball and 10% below their current asking price. Looking at the pricing history of the property, 10% drop may have been seen in a month or two--it has been for sale since Apr. 2012, but who wants to live in Tiny Town, USA, esp. the rural south, near two good fishing/boating lakes? 😉
Of course, our purchase is entirely dependent upon the home inspection, pest inspection, mold inspection, title search and ability to obtain title insurance, any fault found with any of those allows us to walk away without penalty.
And our agent states the bank wants to close before the end of the month. OK by me.
So, I guess we've bought a house. From first viewing to occupancy in under 30 days. Amazing how quickly things can move along when paying with cash. 😉
Update #2:
We Close on April 5th......primarily pending the home inspection, which is scheduled for this Friday. Fingers crossed.
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