The Search Is On~Finding a New Home

By
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

Posted by

 

 

 

 

 

 

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

Avatar

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
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®
Tags:
concord nh realtor
foreclosures
pittsfield nh

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,450,220
Tom Braatz
Re/Max Realty 100 262-377-1459 - Oconomowoc, WI
Waukesha County Realtor Real Estate agent,Waukesha

Joan

I had one recently that got caught up on an appraisal

Sincerely

Tom Braatz

Jan 26, 2009 02:17 PM #1
Rainmaker
217,670
Joan Mirantz
Homequest Real Estate - Concord, NH
Realtor, GRI, CBR, SRES - Concord New Hampshire

This is still ongoing as we speak Tom....I'll keep you filled in! How are you?

Jan 26, 2009 02:38 PM #2
Rainer
211,971
Carol Smith
Casmi Photography - Mebane, NC

Beautiful old house, Joni!  But it sure doesn't look smaller!  LOL  I hope that it all works out for you.  Geoff needs something to keep him busy.  ;)

Jan 26, 2009 03:30 PM #3
Rainmaker
1,548,297
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert

Joni, I'm so glad to hear you found something you really liked!  I'll be waiting to see if your offer is accepted and I'm hopeful it will be!  Blessings! 

Jan 26, 2009 03:44 PM #4
Ambassador
405,906
Jo-Anne Smith
Your Choice Realty Corporation, Brokerage - Oakville, ON

Hi Joan,

It's so WONDERFUL to see a post from you again and especially such a hopeful and cheery one....this looks like the perfect house for you and your husband and I'll keep my fingers crossed and say a prayer that it all comes together for you. I know that once it's in your hands it will be transformed and loved so much that it will be worth at least twice the selling price in no time.  (((-:

Jo

Jan 26, 2009 05:33 PM #5
Ambassador
1,569,352
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Hello Joan. I hope you get the house that you are seeking. I'm rooting for you my friend!!!

Jan 26, 2009 05:38 PM #6
Rainer
129,765
Rich Dansereau
Positive Real Estate Professionals - Knoxville, TN

HI JOAN! I have been so scarce on here that I totally forgot you and hubby were looking for a new home. If this is the one for you, I hope all the details can be worked out.

Jan 26, 2009 06:46 PM #7
Anonymous
Anonymous

Joni,
I agree with Jo-Anne, we've missed you.  Here's hoping all works out for you.

Jan 26, 2009 06:49 PM #8
Ambassador
753,794
Steve Shatsky
Prudential Texas Properties - Dallas, TX
Dallas Real Estate & Short Sale Specialist (214)213-0340

Hi Joni... what a great looking house!  I can't wait to see it the next time I am in NH for a visit.

Jan 26, 2009 06:54 PM #9
Rainmaker
416,062
Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369

JOAN! This is so New England with the rambling additions, I love the house. It reminds me so much of our first home on Blodgett Street in Manchester. I'll be waiting to hear the update with my fingers crossed.

Jan 26, 2009 08:30 PM #10
Rainmaker
315,770
Monika McGillicuddy
Prudential Verani Realty/Hampstead - Hampstead, NH
Southern NH & the Seacoast Area

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

Jan 26, 2009 08:46 PM #11
Rainer
207,933
James Wexler
wexzilla.com - Scottsdale, AZ

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

Jan 27, 2009 09:49 AM #12
Rainmaker
217,670
Joan Mirantz
Homequest Real Estate - Concord, NH
Realtor, GRI, CBR, SRES - Concord New Hampshire

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!

Jan 27, 2009 02:55 PM #13
Ambassador
477,368
Kate Elim
Dockside Realty - Spotsylvania, VA
Realtor 540-226-1964, Selling Homes & Land at LA

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

Jan 27, 2009 07:07 PM #14
Ambassador
1,316,483
William Johnson
RE/MAX Associates - San Diego, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE

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.

Feb 05, 2009 10:56 PM #15
Post a Comment
Spam prevention
Show All Comments
Rainmaker
217,670

Joan Mirantz

Realtor, GRI, CBR, SRES - Concord New Hampshire
Ask me a question
*
*
*
Spam prevention

Additional Information