New Roof- $5000-7000
New Furnace- $8-10,000 (The gas company wouldn't even turn on the furnace as they claimed it was a hazard.)
New Water Heater- $1200 installed?
Termites Control $500 upfront $100 per year after that
One Window Replacement $300
After a VERY long day of inspections yesterday that is the short outcome. (I'm leaving out the trivial stuff like water damage from Dishwasher, and rust in bathroom, Etc)
Cliff Notes?
I don't think I'll be buying the orange kitchen house, even more concerning is that almost all the properties I'm looking at could be the same sort of problems.
Forclosures or un-maintained properties that are potential money pits.
A short sale or forclosure is not like a traditional sale in that I just make the seller fix it all. You take it as is or not at all. Since I don't have an extra @ $20000 lying about it will have to be not at all.
I'm bitter that I had to pay $300 for an inspection to find out all this stuff. Why does the buyer have to pay for all that? Shouldn't the seller pay and disclose this information BEFORE the buyer makes and offer so it can be an informed offer??!!!
Meanwhile, the interest rates tick up, the $8000 tax credit deadline crawls closer, and the temperatures will be rising beyond what I want to lug my belongings around in.
What's a girl to do?
Options:
-Stay in Barbie Dream house (eventually lose sanity)
-Buy Orange Kitchen house (wait for it to fall down around me due to lack of repairs)
-Look for another "non-barbie" sized rental that suit my particular research needs. (all of which have monthly payments larger than I can really afford, or are in scary places)
-Keep looking for a place to purchase, but lower standards (e.g. smaller sq ft., worse neighborhoods, longer commutes or freeway commutes, and/or single family house rather than townhome, etc) Oh yeah, and dump Mary.
-Cry and feel sorry for myself because I'm tired and want this all over (did that last night)
-Win Lottery
For tonight I'm choosing to bury my head in the pea gravel after a long day of imparting cold fusion pearls to vaguely interested students. I'll deal with the final bleak decision and breaking the news to Mary tomorrow.
3 comments:
BUMMER!!!
How discouraging, disheartening, disappointing, disgusting, dismal...darned annoying. I'm sorry - like that helps. But, with that list of repairs no point throwing more money down the tubes.
Hopefully you'll be able to come up with some sort of alternative that will work.
I'll keep you in my prayers sista!
Let the buyer beware is all too true! Too bad it was more than true in your case after all that! I'm sure it is disheartening, but better that you knew it up front. I hope things look brighter today, if not today then tomorrow or the next. Things will look up!
I'm so grateful you only had to pay $300 to find that all out. Sheesh, to think it could have been $20,000. It's going to work out. You're going to find what you need. Keep going. We love you.
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