The Search Is On~Finding a New Home

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Real Estate Agent with Homequest Real Estate

 

Now that the Home Inspection had been signed off on ....we decided it was possible to see if we could find a new home an an affordable range that our new circumstances dictated.

Since we had a closing date of January 15th we figured we had about a week to find something. If that didn't happen we were going to rent for a while. So armed with our pre-quals...we headed off into the world of foreclosures!

I can't even describe some of the properties we saw. Most were either so old or in such bad shape...they weren't worth fixing up. The others had been "rehabbed" and the work had to be undone before you could....move on!

We had been looking at smaller homes but a Foreclosure with a price reduction came up on the MLS. Situated in the Village of Pittsfield NH, a Victorian Colonial (1865) house In this style house the first and second floors are usually a mirror image. This would give us the option of doing over the first floor from scratch for us and making a second apartment for income on the second.

house                 house

It had high ceilings, hardwood floors,baths up and down a beautiful lot and was within walking distance to the center of town!

We decided to make an offer. I will say I was pleasantly surprised at the quick responses with offer/counteroffer. We had a heating and plumbing contractor check the systems as best he could with all shut off and meters removed. The house had been winterized, but not properly, and there was pipe damage to the tune of $7,000. We felt the cost was worth the final product.

The hang up came with the appraisal. The appraisal came in at about 20 thousand less ($75K) than agreed upon Selling price ($93K).

I sent in an addendum for a commitment extension and a new price plus a copy of the full appraisal.

And so ....the waiting game began!

Concord NH Realtor

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NH's Four Seasons 

                                                                
Joan Mirantz - Joni is a Realtor® with Homequest Real Estate, a locally owned, Customer Service oriented Firm.
Joan Publishes a monthly Newsletter "Food For Thought" under the pen name Realtor Sherpa.
(Joan also answers to Miz Maven and Miss Joni.)

Joan works in Buyer and Seller Representation with concentrations in the Merrimack Valley Area and towns surrounding Concord NH - the Capital City.
"I love what I do, and it shows in how I do it"

Having crossed over to the "other side of Middle Age" herself....Joan is an ongoing source of information about local programs, facilities and issues specific to her peers! 

 
Livin' the Life...and Ridin' the Wave

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Topic:
ActiveRain Community
Location:
New Hampshire Merrimack County Pittsfield
Groups:
Internet Empowered Consumer
Localism Success and Accountability Group
New Hampshire - Real Estate and Life in The Granite State!
Posts to Localism
Realtors®
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Rainmaker
315,754
Monika McGillicuddy
Southern NH & the Seacoast Area
Prudential Verani Realty/Hampstead

Good luck. I sure hope it works out for you! Major stress I'm sure.

January 26, 2009 08:46 PM
Rainer
207,933
James Wexler
wexzilla.com

there are so many foreclosures here in AZ, that many are dilapidated, however, usually it is still worth the so-called 'price of admission'

January 27, 2009 09:49 AM
Rainmaker
217,645
Joan Mirantz
Realtor, GRI, CBR, SRES - Concord New Hampshire
Homequest Real Estate

Carol...it really is a beautiful house. But all is not looking good!

Carole...we haven't given up yet....but hope is slim :0(

Hi Jo...finger crosing and prayers are definately needed!

Hi Gary...it is good to be back here. The encouragement is really appreciated!

Hello Rich....you have so many irons in the fire I don't know how you keep them all straight LOL

Thanks Cynthia...I've missed you guys too!

Shatz...no matter where I'm living....you are invited!

You are so right Debbie...it is a true New Englander!

Thanks Monika....major....is an understatement!

James this one is definately worth the investment...it's a really soild house!

January 27, 2009 02:55 PM
Ambassador
470,781
Kate Elim
Realtor 540-226-1964, Selling Homes & Land at LA
Dockside Realty

Hi Joan...I love the looks of "your" new house.  The price sounds pretty fantastic also.

I'm sure the sellers were stunned by the appraisal.  Hope you get it all worked out to your satisfaction.

Kate

January 27, 2009 07:07 PM
Ambassador
1,223,528
William Johnson
San Diego Real Estate Voice, GRI CRS e-Pro CDPE
RE/MAX Associates

Hi Joan, I am going backwards so I guess this is the house that fell out, right. I am heading back further in your posts to be clear on what is going on in your world.

February 05, 2009 10:56 PM
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Rainmaker
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Joan Mirantz

Realtor, GRI, CBR, SRES - Concord New Hampshire
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