Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Parent Support Forums
Parent Emeritus
Becoming involved again...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Lil" data-source="post: 672218" data-attributes="member: 17309"><p>LOL Really - we knew ALL of this! We're not 20 years old and this isn't our first house! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" /></p><p> </p><p>We'd talked with the insurance company (who has had our business for 20+ years) and as long as there was no knob and tube (which we could tell there wasn't) they were okay. Of course there would be no claims for pre-existing broken pipes or roof repairs. It was OK. Really. We KNEW the problems and had already checked it out. The bank would of course require title search and insurance and that would have been done. I'd already checked for tax liens myself. The bank would also have had an appraisal. The inspection was strictly to determine if the house was habitable and if not, to get an estimate of what we'd have to pay right away to be able to live in in. I don't mean fixed up - I mean habitable! Fannie Mae often sells fixer-uppers "as is". There was no problem there.</p><p> </p><p>Really guys - it was a good deal assuming there wasn't $20,000 to make it habitable and I'm expecting we'd have had to spend about $10k...but even then, $55k total for a house, finished outbuilding and 10 acres is a good buy. Why do you think we kept getting outbid? <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick Out Tongue :p" loading="lazy" data-shortname=":p" /></p><p> </p><p>But it's all academic now anyway - it's off the market. I doubt it will be back on.</p></blockquote><p></p>
[QUOTE="Lil, post: 672218, member: 17309"] LOL Really - we knew ALL of this! We're not 20 years old and this isn't our first house! :D We'd talked with the insurance company (who has had our business for 20+ years) and as long as there was no knob and tube (which we could tell there wasn't) they were okay. Of course there would be no claims for pre-existing broken pipes or roof repairs. It was OK. Really. We KNEW the problems and had already checked it out. The bank would of course require title search and insurance and that would have been done. I'd already checked for tax liens myself. The bank would also have had an appraisal. The inspection was strictly to determine if the house was habitable and if not, to get an estimate of what we'd have to pay right away to be able to live in in. I don't mean fixed up - I mean habitable! Fannie Mae often sells fixer-uppers "as is". There was no problem there. Really guys - it was a good deal assuming there wasn't $20,000 to make it habitable and I'm expecting we'd have had to spend about $10k...but even then, $55k total for a house, finished outbuilding and 10 acres is a good buy. Why do you think we kept getting outbid? :p But it's all academic now anyway - it's off the market. I doubt it will be back on. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Parent Support Forums
Parent Emeritus
Becoming involved again...
Top