There's a bargain house in my area...

[moneybags]

She says it might go fast because of the price and because they only was $2,500 down.

She may just be saying that to get you to buy right away. She wants a fast sale. Don't let that rush your decision.

[savingmama]

I know someone else who was trying to buy a foreclosed home through the bank. She said that they accepted more than one application for it and then it was this long process (months) figuring out who would get it. I guess they eventually were approved, but by that time they decided they didn't want it and they were able to get out of it. I don't know all the details-sorry I can't be more helpful. I am posting this info to explain how the teacher's son maybe put an offer down, but so could you.

[ScrimpAndSave]

I went to visit it. The basement had mold on the rug. I am guessing it is all over the house (the realtor was worried about that too). She said I would have to have it remediated before I even put in an offer...


...so I guess that is a no go.

Is it ok that I feel really broken hearted over it?

Ugh. I wish I could get a house ready for us by the time we get married...that would be amazing.

[LivingAlmostLarge]

No it's only a deal breaker if you want it to be. What would it take for you to accept it? Under $100k? Heck I have little experience, but typically it's what you think it will cost to repair.

[ScrimpAndSave]

Well, there are a lot of contingencies. I need to have the inspection done myself and also have the mold tested, give them $2,500 of earnest money before I even make an offer!

I don't think they are going to take a price less than the asking price...especially with all the people that have been looking at it.

[ScrimpAndSave]

The realtor said that it would be about $10,000-$15,000 to get rid of the mold.

[tripods68]

There are lot more options out there. As a first time home buyer, I wouldn't lose sleep on a house that have tons of repair cost. You never EVER don't want to buy a house where its a losing propositions from the "get go" without your full financial commitment.

[ScrimpAndSave]

There are lot more options out there. As a first time home buyer, I wouldn't lose sleep on a house that have tons of repair cost. You never EVER don't want to buy a house where its a losing propositions from the "get go" without your full financial commitment.

I agree. Which is why this house is out of the question.


I guess I just romanticized the fact that I could get a cute little house together by the time my fiance is out of law school.


I guess we are going to stick with the original plan to stay with Daddy-O till January 2011. We would have about $90,000 saved by then.


::sigh::