Posted by Onideus Mad Hatter on 10/13/07 16:19

On Fri, 12 Oct 2007 23:57:18 -0700, Onideus Mad Hatter
<usenet@backwater-productions.net> wrote:

>S'okay, I looked at five today and one of 'em I like enough to make a
>~sorta~ offer. It's $10,000 less than their asking price and is
>contingent upon some serious inspection of the foundation and
>structure. The house is very cool lookin, it's up on one of the
>highest hills in town and the view is just...woah. That bad/good part
>is that the house is built on a slope, so the basement is actually on
>ground level in the backyard. A very neat effect and my favorite kind
>of basement. Problem is, because of that slope, there's some question
>as to the path of rain water (drainage), stability of the land, etc.
>My biggest concerns are there are a couple rather large, poorly
>patched cracks along the outside of the house and inside there's a
>couple very noticeable, very large lumps in the floor.
>
>So it looks like either the foundation is crap or when they put the
>basement in they didn't jack the house up right and wound up causing
>the damage. If it's the later, and the damage isn't too serious and
>won't get worse, then I'll probably buy it. Otherwise...I think not.
>Cause if the foundation is shit then the whole house is completely
>worthless. I mean at that point it's just better to bulldoze and
>start over from scratch in most cases.
>
>The other thing that's a bit worrisome is in the basement, instead of
>having actual support beams holding up the house, it's being held up
>by these large, circular, metal jacks...which I guess normally they're
>supposed to be enclosed in drywall to make them look more presentable.
>The advantage I guess is that they can be tweaked later if needed. So
>the other thing I'm wondering is if they put them in and then just
>forgot about 'em and then the house settled and no one readjusted the
>jacks, which is what caused the cracks and the floor bulges...or
>something else.
>
>In any event, the house is really cheap, $50,000 under my house buying
>budget, which would leave a lot of extra for upgrading, improvements,
>etc. Not to mention much lower monthly payments. Provided it's not
>all going to fall to pieces in the next ten years. So the whole deal
>is very much dependant upon an inspection. Assuming the lady even
>goes with it in the first place, cause I'm askin $10,000 less than
>what she's got it listed for. On the other hand she's had it listed
>for eight months and has already lowered the price twice, so she might
>be more open to negotiation at this point. That's the nice thing
>about MF, not that many people buying homes, so not much demand equals
>low prices and more to choose from...and lots of negotiating room.
>Not to mention you can just wait it out in most cases if they don't
>accept your offer, cause the longer they hang onto it the more it
>costs them.

Alrighty, teh offer hace been made. So now I just have to wait and
see what happens. Either she'll accept, reject or counter. The whole
offer is contingent upon the full inspection though, so even if she
accepts, if the inspection says it's fucked then I'm backin out.

The sad thing is that if this does go through I'll only be paying like
$200 more a month than I'm paying now in rent (makes me wish I had
went and bought a house a couple years back)...could be worse though,
my brother is paying around a $1,000 a month for his apartment...and
that's in Walla Walla. o_O

--

Onideus Mad Hatter
mhm ¹ x ¹
http://www.backwater-productions.net
http://www.backwater-productions.net/hatter-blog


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