Last week, we made a list of houses we planned to drive by that weekend. On Friday, I received an automated email from our realtor that said one of the houses on our saved list had a price drop of $25K. We gave the realtor a call and he met us there later that afternoon.
We loved the house but the price was way too high considering it would need a new roof to bring it up to code, along with a couple other mandatory repairs.
We offered the owner a fair price, based on the current appraised value less the cost of the new roof, which must be replace to bring the home up to code. (Otherwise, the insurance would be more than $4K per year, which will NOT work for us.)
The owner countered with a price that was still above the appraised value, and not taking into consideration the roof dilemma.
Since the price was still ridiculously high, we told our realtor to walk away. Clearly this person wasn’t being realistic about the actual value of her home.
Back to the drawing board…or so we thought. Two days later, the seller’s realtor called our realtor to ask if we were still interested in the house at the price we offered. We said yes. Haven’t heard back from them since then so I’m not sure what’s going on but we’re hoping it all comes together. If it doesn’t, it clearly wasn’t meant to be and we’re okay with that. 🙂
This week’s Masonism.
I gave Mason a package of clay during homeschooling arts and crafts, and asked him what he wanted to make.
He replied, “A town with a tornado tearing it up.”
Big hugs to all,
P.S. I want to “follow” you!
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