2 lemmings
Thursday, August the 25th at 10:57 AM
in the Year of Our Lord Two Thousand and Five (7 years, 9 months ago)
S
o we got a call back from the realtor today, and apparently the owners of the church are "interested in working with [our] bid." They have to wait for a land appraisal to come back before they respond to our price.
A land appraisal? What? This is one of the criteria we put in our offer - the church used to sit on land with a parsonage, and when they sold the parsonage they split the lot badly.
The back door of the church (that little grey-roofed nub coming off the main wall) was put on some years after the church was built. The property line for the church ends literally at the back wall of the main structure. You're apparently supposed to have a "5 foot easment." So with the back door/outhouse thing and the 5 feet, we need an additional 11 feet of land from the parsonage, which I really don't have any photos of.
So the sellers want to know how much that strip of land will cost them before responding to our offer. This would seem to indicate our offer isn't as ridiculous as has been thought. Which it is, but hey, you offer what it's worth to you and what you can afford.
It took 4 days to get this response, which is definitely not a negative one. How long will it be before we know more? Who knows. If we can get it for what we offered (or close to), then the wait is quite acceptable.
I should mention this is all slightly nerve wracking, and the speed with which Sally & I run for the phone when it rings is truly amazing. If you want to mess with us, just call and hang up at about 1 in the morning.
8 Comments
2
7 years, 9 months ago
Dave's right about the offer proceess on home buying - and somewhat about the inspection process as well (namely that it won't be "routine"). The trick is to make your offer (or counter offer) contingent upon several things, including your abilty to get it financed, and the house's passing of any needed inspections (based on who you're financing with). If you're buying FHA, there are certain inspections that HAVE to be passed to satisfy them before you're granted a loan (ie: Termite inspection, structural inspection, and safety code inspection as well as whether or not it passes local building codes.
No worries, though. If you're working with a good realtor and finance agent (and you want the church bad enough), there are ways to get everything figured out. And if not - it just wasn't meant to be. Part of the fun is the search for what you want and looking at all the possibilities... that and getting to snoop through other people's homes... heheh.
No worries, though. If you're working with a good realtor and finance agent (and you want the church bad enough), there are ways to get everything figured out. And if not - it just wasn't meant to be. Part of the fun is the search for what you want and looking at all the possibilities... that and getting to snoop through other people's homes... heheh.
3
7 years, 9 months ago
It's been raining a lot today - I should go see how well the new roof is working.
4
7 years, 9 months ago
Is it easier to love old churches or small animals?? Congratulations so far, guys, on this adventure! It sure is exciting!
5
7 years, 9 months ago
I thought that when you made an offer, you also designated a time frame in which you want them to respond. Four days is awfully long. 24-48 hours is more acceptable.
Sounds awfully tricky with that extra piece of land you'd need. Good luck.
Sounds awfully tricky with that extra piece of land you'd need. Good luck.
6
7 years, 9 months ago
Thanks Courtney. We'll be pretty surprised if this all comes to fruition, but more so if it comes without a good amount of atypical issues.
We didn't give them a deadline to respond to the offer mainly because we're offering less than 2/3 of their asking price. We figure the less demanding we are, the more pallatable the offer.
It turns out the place is owned by a brother and sister, neither of which live in the area, and neither of which have any money in the place, apparently. They inherited when their father passed away. This draws out the offer/counter-offer process because APPARENTLY THEY LIVE SOMEWHERE WITHOUT PHONES.
Ahem. Heck, even if this all comes together, the party's just beginning for the work on the church. Who's up for a painting party?
We didn't give them a deadline to respond to the offer mainly because we're offering less than 2/3 of their asking price. We figure the less demanding we are, the more pallatable the offer.
It turns out the place is owned by a brother and sister, neither of which live in the area, and neither of which have any money in the place, apparently. They inherited when their father passed away. This draws out the offer/counter-offer process because APPARENTLY THEY LIVE SOMEWHERE WITHOUT PHONES.
Ahem. Heck, even if this all comes together, the party's just beginning for the work on the church. Who's up for a painting party?
7
7 years, 9 months ago
I'm In I'm In!! Can I paint a really cool (read: kinda creepy) crucifix in it for you?
You type, and I'll breathe over your shoulder.
Fancy comments are frowned upon - your WWW links will work though.
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Posts in Time
Once everyone's happy with the numbers, things move really fast and all of your money disappears very quickly. The first night in the new house is worth the wait, but the next morning you wake up with that kind of "what did I get myself into" feeling, not unlike the feeling you got in college when waking up in the middle of the quad wearing nothing but your hip sack that you got at freshman orientation.
There are codes and regulations for everything regarding your house, and with a "house" like yours, you're going to have some fun come home inspection time.
My advice - get a mobil home and live in a Walmart parking lot.