We are under contract.....
House Hunting for a little bit and for the past week we have been going back and forth with offers on a home we sort of like. Monday night we made our final offer which the seller countered. I guess final is never really final when it comes to real estate, but we were dead serious. We gave word to the realtor of two other homes we likes and planned to view on Tuesday with an offer to be made that evening.
The seller's agent called the next morning and agreed to our final offer. Prior to that with their final counter the seller's agent wrote that there had been heavy activity on the home and the seller was confident the home would sell soon for higher than our offer - we called their bluff!
So now begins the process. I called my bank to begin the application but they were having some serious system issues and will call back this afternoon. I went to the bank and obtained the ernest money and we are calling this morning to schedule the home inspection.
The home inspection scares me a bit as I know there are spots of rot here and there and I am concerned about the roof. The seller replaced shingles some 12 years ago, but i saw water stains in the attic. The stains may be old but still cause for concern.
Our realtor also pointed out another potential issue which may come up with chipping paint. We are using a VA Loan and they are very picky about the proper handling of chipping paint where lead based paint could come into play and with the age of the home it remains a serious possibility that somewhere along the way lead based paint was applied. But we cannot worry about that until it comes up.
The home needs lots of work and will become a project home for us. Everything does not have to be fixed at once and I want us to take a few years to make the home just right.
The gruesome part is that until we close (some time in June) we will be living in this hotel with the camp carpets and the slow internet, but on the bright side it is close to work.