Scott and I decided to get back up on our horse and get back into the housing search. The Texas MLS (multi list service) has been a good friend of mine since we moved back to Texas. I get on and poke around at it every once in a while to see what houses there are in our price range.
I found a house that I drove by one Saturday while Scott was working. I decided to take a peak around the property and check it out. The outside was nice, needs a bit of TLC, but has a good sized yard in back. Brick and roof looked good. No apparent serious foundation issues. Peeking in the windows I could tell there was new paint, carpet, and tile...also good. When Scott and I went back to look together, there happened to be an unlocked door in the back. (No worries, it was vacant.) Despite the large sign that was taped to the front window "Trespassers will be prosecuted", we decided to go inside. It was a cute little house with lots of little surprises. Lots of storage and an really nice upstairs that has two bonus rooms. The bedrooms are a bit small, but workable. A couple of days passed and we decided to go back over. There was also a house two doors down for sale. It is a bit higher in price, but looked nice. While we were there, we once again got into the house we had previously walked through to check it out for a second time. We called the realtor to get the scoop on both houses. The higher priced one had serious foundation issues, so we crossed it off the list.
The other house that we liked and had been in (we didn't tell the realtor that though) is a foreclosure. It didn't have any disclosures, nor would it upon purchase. We knew it needed a new air conditioning unit because the current one was obviously disassembled and parts were taken. A couple of days later I saw they had lowered the price of the house by $10,000. In our price range that is a huge chunk. So we decided to have the realtor take us to see it. We took a level to check the foundation and got a serious eye on it for anything that could possibly need done to it that would be too costly. Other than the air conditioner, everything looked really good. Our realtor said she had never seen a foreclosure in such good condition. Scott and I decided to move forward and make an offer on it. It had been on the market nearly 5 months with no previous offers.
After talking with Dad and getting his advise we came up with an offer we felt good about. Yesterday when Scott and I went in to sign the papers, we found out that we were in competition with another buyer and there would be two offers on it. Go figure..... After being in her office for nearly four hours yesterday we came upon an offer that we feel comfortable with. Now we sit and wait and pray and hope to hear good news. All offers are due at noon today so I am guessing we won't hear anything until Monday. It is going to be a long weekend. We are trying not to get too emotionally involved with it. I can't handle another house "tragedy". Scott and I feel good about our offer and now it is in God's hands. Although it would be a wonderful starter home for us, we have to be willing to accept otherwise. If we get it, it will have been an awesome deal. After seeing comparative homes in the neighborhood, we think that with a little elbow grease we can start building equity almost immediately.I will keep you all updated.
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