Aug 06, 2012, 08:49 AM
KG in CAUpdate for Advice for first time buyers? post
"Old update"
I haven't been questioning DS & DDIL since I know they will ask if they need advice. So apparently they have their ducks in a row as I was just informed that they have been making offers...15 of them so far! In general, their offers may be higher, but the deal is going to cash offers.
Now they are looking at a HUD property...once again I know nothing about that route, but I am sure they are doing their homework.
When we sold our last house I must admit we accepted the cash offer of $20,000 less than list without skipping a heart beat. It is just so clean and fast that way.
New update...
Fast forward to offer 25 - This one was accepted as they upped their price range and stopped looking at fixers. The home is a cottage/bungalow just under 1000sq ft. The home inspection was yesterday on this 1923 build with updated interior. Can you guess what I will tell you next??????
Knob & tube.....The sellers are divorcing and will not fix anything. Another offer was withdrawn about 3 weeks ago. Sigh...
They are waiting for the written appraisal, will go back to the seller with the request to fix it or the cash to fix it. Not looking good but they want this house.
How much could this end up costing? Thanks.