Misfitmorgan's Journal - That Summer Dust
- Thread starter misfitmorgan
- Start date
- Thread starter
- #532
misfitmorgan
Herd Master
Thank you everyone 
So today i signed an offer on a place. It is not the place i was drooling over as it is already pending sale currently and not accepting offers. My realtor says the lender who has the client stated it was a very strong offer and they do not foresee any problems.
So on to the next place.... The location isnt idea, it is however closer to my moms house. Atm where we live is 12 miles which is 15 mins to work and 1hr which is 46miles to my mothers....the place we made the offer on is 33miles which is 40 mins from moms and work for me is 23 miles which is 28mins. The difference isnt huge but at least it is closer to my mom's if anything. On the flip side DH is 4.5miles from work instead of 9 miles
However the best part is we will only be 25 miles from meiers, walmart, and home depot...and only 23miles to TSC too so maybe i can convince DH shopping isnt so bad 
The house is a 2 bedroom 1 bath with a full basement, 1 car detached garage, two out buildings and a medium size wooden barn(maybe 40ft x 50ft)...it also had all new windows put in 2yrs ago a new roof in 2011 and has central air and natural gas!! The down side is it is only 10acres and it is on a small highway...upside of the small highway is easy marketing. The house is a foreclosure owned by Freddie Mac but the lady who lived there was a really nice lady and left the house in perfect shape and really clean. My realtor actually sold the place to the couple, ironically. Sadly the lady's husband died a couple years ago and she couldn't maintain the payments, she voluntarily gave the home back to Freddie Mac for foreclosure so Freddie mac is only seeking the amount owed on the place for the asking price which is almost half of the sale price when the couple bought it 9yrs ago.
The place was listed on the Wednesday by the time my realtor got a hold of the sellers realtor(friday) the place already had an offer she was going to submit. The seller's realtor is a pretty nice lady and to give us a shot she held that first offer until today so we could have time to get pre-approved and submit our offer too. I guess Freedie Mac only typically waits 24-48hrs before accepting an offer if it is the only one on the table but the listing being so new i dont think they would take a penny under asking price.
We offered just over asking price and are hoping the other people offered under the asking price. My realtor said what is most likely to happen is one of two things they will either accept the highest initial offer(less likely) or they will reject both offers and tell us and the other party to submit our best offer and then take the highest of that offer. I'm fine with either one....as long as mine is the higher one
So anyhow waiting to see if we get the place or not. Poor DH he only slept for a hour and a half last night because he was so wound up about the place. Did i mention the landlords asked me when i gave them rent on the 15th...if we had put an offer in any place else
If we do get the place we plan on re-doing the inside to upgrade it all like atm it has wood paneling
i know some people like it but i hate it. The payments would be cheap enough to re-do the inside and built a small pole barn then hold onto the place for 2-5yrs and sell it for 2-3times what we got it for which would give us more then enough for a down payment on a large parcel of land that we could make home for many years.
Nothing much else to report atm.
So today i signed an offer on a place. It is not the place i was drooling over as it is already pending sale currently and not accepting offers. My realtor says the lender who has the client stated it was a very strong offer and they do not foresee any problems.
So on to the next place.... The location isnt idea, it is however closer to my moms house. Atm where we live is 12 miles which is 15 mins to work and 1hr which is 46miles to my mothers....the place we made the offer on is 33miles which is 40 mins from moms and work for me is 23 miles which is 28mins. The difference isnt huge but at least it is closer to my mom's if anything. On the flip side DH is 4.5miles from work instead of 9 miles
However the best part is we will only be 25 miles from meiers, walmart, and home depot...and only 23miles to TSC too so maybe i can convince DH shopping isnt so bad The house is a 2 bedroom 1 bath with a full basement, 1 car detached garage, two out buildings and a medium size wooden barn(maybe 40ft x 50ft)...it also had all new windows put in 2yrs ago a new roof in 2011 and has central air and natural gas!! The down side is it is only 10acres and it is on a small highway...upside of the small highway is easy marketing. The house is a foreclosure owned by Freddie Mac but the lady who lived there was a really nice lady and left the house in perfect shape and really clean. My realtor actually sold the place to the couple, ironically. Sadly the lady's husband died a couple years ago and she couldn't maintain the payments, she voluntarily gave the home back to Freddie Mac for foreclosure so Freddie mac is only seeking the amount owed on the place for the asking price which is almost half of the sale price when the couple bought it 9yrs ago.
The place was listed on the Wednesday by the time my realtor got a hold of the sellers realtor(friday) the place already had an offer she was going to submit. The seller's realtor is a pretty nice lady and to give us a shot she held that first offer until today so we could have time to get pre-approved and submit our offer too. I guess Freedie Mac only typically waits 24-48hrs before accepting an offer if it is the only one on the table but the listing being so new i dont think they would take a penny under asking price.
We offered just over asking price and are hoping the other people offered under the asking price. My realtor said what is most likely to happen is one of two things they will either accept the highest initial offer(less likely) or they will reject both offers and tell us and the other party to submit our best offer and then take the highest of that offer. I'm fine with either one....as long as mine is the higher one
So anyhow waiting to see if we get the place or not. Poor DH he only slept for a hour and a half last night because he was so wound up about the place. Did i mention the landlords asked me when i gave them rent on the 15th...if we had put an offer in any place else
If we do get the place we plan on re-doing the inside to upgrade it all like atm it has wood paneling
i know some people like it but i hate it. The payments would be cheap enough to re-do the inside and built a small pole barn then hold onto the place for 2-5yrs and sell it for 2-3times what we got it for which would give us more then enough for a down payment on a large parcel of land that we could make home for many years.Nothing much else to report atm.
Sure hope everything works out for you. You really deserve a break and turn of good luck.- Thread starter
- #534
misfitmorgan
Herd Master
me too
Hens and Roos
Herd Master
Good luck, hope it goes through for you
Bruce
Herd Master
Really sorry to hear your Mom's results @misfitmorgan 
Definitely a hard decision unless the docs can give her a really good likelihood that treatment will either cure it or give her many more years of good health.
Dang! @Latestarter beat me to it again.
Definitely a hard decision unless the docs can give her a really good likelihood that treatment will either cure it or give her many more years of good health. Dang! @Latestarter beat me to it again.
- Thread starter
- #537
misfitmorgan
Herd Master
We thought about moving the wedding up, we shall see..for now we are hoping to get this house. Getting a place would be so great for our nerves, having to worry about when/if we are going to get kicked off this place is wearing us down. It is also inhibiting things we need to get done because we dont want to make any more improvement here if we are just going to move.
Bruce
Herd Master
Yep, getting the new house will run your stress level down to "chill" compared to what you have to deal with now. Won't the owners of the current place have fun trying to find renters half as good as you two!
CntryBoy777
Herd Master
It may not be the amount of land ya wish to start with, but ya never know in a few yrs the land around that 10 may come up for sale....and ya can just expand out with it. It sounds to me like a really good opportunity, it is always nice to leave the riff-raff behind and be able to Enjoy life....instead of dreading it.
Baymule
Herd Master
I hope you win the bid. We bid up on our place and won the bid because everybody else bid down or bid the asking price. Hope you get the house!
On your Mom, I really don't know what to say. I am truly sorry that your Mom refuses treatment, but at the same time, I can't really blame her. She really is between a rock and a hard place. That also puts you between a rock and a hard place. Big hugs. We are here for you if you need to vent, scream, cry or just hang out.
On your Mom, I really don't know what to say. I am truly sorry that your Mom refuses treatment, but at the same time, I can't really blame her. She really is between a rock and a hard place. That also puts you between a rock and a hard place. Big hugs. We are here for you if you need to vent, scream, cry or just hang out.
