What an adventure! Our attempt at buying a house has been quite a roller coaster ride. During our search for a home, we have looked at hundreds of homes online. We have driven past at least 60 homes in attempts to pre-screen, and walked into 14. I am sure many people have similar stories of searching for the right home. In the first week of driving around with our Realtor Jeff Knight, we decided to make an offer on a house. As first time buyers new to the process of buying a house, we took lots of advice from my parents and my uncle Merwin as well as our Realtor as we decided how much money to offer, what to ask for, etc.
We made an offer for the house on December 10th, the bank had prepared a counter-offer, then much to our dismay at the time, the house became a multiple offer. We came back with our best offer a couple of days later, and our offer was accepted! At the point, we were very excited, yet for some reason, I kept feeling like something didn't feel quite right. That Sunday, Greg (MB's Dad) came to look at the house with us. Greg was an HVAC guy for 20+ years so he came to look for things that might be wrong with the house. Was there anything wrong....uh yeah. The HVAC unit only worked on emergency heat, the siding was Louisiana Pacific (although listed as hardy plank), the roof was wavy and would have needed replacement soon if not immediately, as well as other issues which we just didn't have the money to fix.
At this point, we went home and ran the numbers on what we could do monetarily. It seems that God had closed that door. Conclusion: it was time to walk away from that home. While we could have gotten a renovation mortgage to fix everything, the wise thing seemed to be to walk away. We decided that neither of us was against a little elbow grease, but a move in ready house without big ticket needs was what we should do.
To be continued....
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