So I decided to buy the house. For better or worse, I would committ at the very least the next two years (to avoid capital gains taxes) of my time and money to this place.
I put in an offer. It was rejected. This house was for sale for over a year! Was my offer that insulting? It turns out that the people were about to foreclose and had listed the house at the very lowest they could take for it (subject to short sale). Since they still owed about $20,000 more than the listing price, this was the lowest the bank would take for it. Not to mention they would foreclose in about two weeks so my dates weren't even a possibilty for them.
My realtor panicked. I panicked. Could I get my loan and close the sale in two weeks? I was originally hoping to move in June or July! So what does a smart person do when they see the cards stacked against them. They find another house.
I went for it.
Everyday was something new. Would it pass the inspection? Did I want it surveyed? Would there be a problem with the title? Could I get the loan in time? What is an escrow account? Gee, that is a big crack in the foundation... Do you think the house leans a little to the right? How much radon is too much radon? Does electricity really need to be updated after 80 years?
I am now the owner of a 1905 Arts and Crafts bungalow. This particular house belonged to the town's first doctor. I bet he wouldn't even recognize his house now.
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