Sunday, January 20, 2013

The Journey Starts



When we first saw the house it was listed at $51,500, but it quickly dropped to $45,000 and we put in our offer. Then upon a second inspection we found some damage to the joist, were informed about a water leak, and a gas leak was finally disclosed. We pulled out of the deal, fearing it was too much to take on for the price that they were asking.

We continued watching it and in the following month it was on and off the market with pending offers that fell through. Then we decided it was time to go in with a low cash offer of less than some pay for a vehicle. The bank was tired of dealing back and forth with everyone else and took our offer. In two weeks all the paperwork was signed and the house was ours! Now comes the fun part of tearing out everything and rebuilding.

A little history on the house: It was built in 1851! This was before the town was even incorporated.  The supports in the basement are half trees from side to side. It is 2 bedroom, one bath, with a huge back yard. 

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