This lake, as in my header, is near the house I made an offer on. Latest news is it was not the sellers who asked about renting the house after closing, but their Realtor who was just brainstorming with my Realtor re: would that be something I might do. Apparently the sellers didn't even know about this idea. So, I signed the offer agreement and am going through with the next step of an inspection.
After the inspection, I will determine if I want to continue on in the process. I will lose my inspection fee and maybe the $1000 earnest money. My main doubts are the way the house is situated on the lot (only in regards to resale, I'm ok with it for myself), the neighborhood, and the fact that it feels to me like a high price for the neighborhood even though there are a few other houses for sale in a higher range. Photo: Falmouth beach looking out towards Martha's Vineyard.
A door in downtown Falmouth.
This lake, as in my header, is near the house I made an offer on. Latest news is it was not the sellers who asked about renting the house after closing, but their Realtor who was just brainstorming with my Realtor re: would that be something I might do. Apparently the sellers didn't even know about this idea. So, I signed the offer agreement and am going through with the next step of an inspection.
After the inspection, I will determine if I want to continue on in the process. I will lose my inspection fee and maybe the $1000 earnest money. My main doubts are the way the house is situated on the lot (only in regards to resale, I'm ok with it for myself), the neighborhood, and the fact that it feels to me like a high price for the neighborhood even though there are a few other houses for sale in a higher range. Photo: Falmouth beach looking out towards Martha's Vineyard.
A door in downtown Falmouth.
28 comments:
Ooooh, this is getting kind of exciting!
Love that beach - makes me think of the Scilly Isles (28 miles off Land's End in Cornwall).
Best f luck with your decisions on the house; and thanks for your comment on my last posting.
Ann from UK
Well if you are willing to buy it regardless of how it sits on the lot and the people before did the same I'd imagine someone else will do it again when you are ready to sell.
Lovely lake nearby. Beautiful photos all.
Wishing you an easy and quick sale.
And many years of happiness in your new home.
Oh I so hope and pray this one works out for you Suki. You ahve been so patient and waited so long.
Hugs
THis view is worth a lot.
Wow, Suki, I sure hope everything works out for this one! Keep us posted! :)
I ditto Lynn. I am excited for you. Almost there. Lovely Beach close by. Prices of homes will go up again eventually and this one will too. Take deep breaths and think positive on this. :)
sounds pretty exciting...is it in falmouth? good luck!
Yes, getting very exciting,,,and what a beautiful lake for taking walks.
All the best to you with this,,,,
(Love that door too!)
Things are looking up. (smile)
I missed yesterday's post until now. Thought you were still gone. Well, Suki, maybe they are trying to bring the neighborhood back up by making houses nicer and getting better people in there. It's been known to happen. The area looks dreamy. I think you like it, or you wouldn't have made an offer.
That was a stupid thing for the realtors to pose to you. I agree, I would not let them stay after closing either. That's unheard of. They could do damage, steal the paper off the walls and who knows what else! :) No, I would never settle for that and you were right to refuse.
I hope all goes well with the inspection. I really want something to work out for you. You deserve to get your stuff out of storage and make yourself a home!
Oh boy - I'm impressed! is the house in falmouth? I love that town.
Good Luck with this next process...the lake is beautiful!
I have been busy, depressed, away at a seminar and now feeling energy again, and though I haven't left a comment in a while...this new news is quite exciting...can't wait to turn the page and see your new HGTV home :-)
That one photo of the little house/shed with the flag on it...reminds me of my home on wheels in Blogville Lane---I need to visit there sometime soon
M. Heart, I'll see. I wanted to back out y'day re: the money. I bid way above my self imposed limit. But the inspection happens today, I havent backed out yet.
Ann, thanks for your good wishes.
Lynn,True, I am not really bothered by the lot and house situation, as it leaves less lawn to mow. A family with children though might want more. But I have to remember I need to take care of me in the now and not try to take care of unknown others in the future.
Thanks Teri.
Lisa, of course on Cape cod these views are everywhere. but the lake view is a short walk outside my doorstep.
Thanks Willow
Cris, thanks for the words of confidence.
Mary, the house is in Pocasset near Pitcher Lake. Also near the highway which noise you hear a lot.
thanks Babs
thanks for the smile chewy.
Katie Jane, well i wasnt worried that these home owners would do damage, considering the condition the house is in now which is spotless uncluttered and immaculate. I even wondered if they "staged" the house as they do on HGTV but apparently they live like that according to their realtor.
Mim, I love Falmouth too but just didnt find a house there I liked.
Blue Sky, thanks.
teri, thanks. Hope your depression is lifting. I often find i get down at the seasonal transition time.
Hi Suki, I wish you luck with the next steps, the photographs look so wonderful, all this blue and I can smell the air. Hope everything will be fine, perhaps you can still negotiate a little?
Have a great day,
how exciting!
love
Andrea
Hi Suki, this sounds exciting to be sure. We never get every-single-thing we are looking for, and the price always seems too high! It sounds like you are well on your way. Here is hoping the inspection goes well.
The views are breathtaking!
How exciting! This is a beautiful view in the photo. Hope it all works out. Anxious to read about it....light at the end of the tunnel-awesome.
Love the texture on that beach- best wishes for a good outcome.
Yes, if the inspection comes back with something you don't feel good about, always remember that you have options...not just to back down from your offer, but to change your offer to reflect what it will cost to deal with anything bad in the inspection report. I'm with you no matter what happens, but I'll admit that if this is IT, I can't wait to hear more about it...like how it FEELS to you. Big hug, K
i know a lot of poeple worry about reselling a house they buy, but to mw the house has to be right for YOU first, that is all that counts, the reselling will worry about itself (if you know what i mean?)... and that lake is gorgeous.
suki! oh man you must be nervous! but how exciting too! i would guess you will be getting a good deal on the house because the market is below market value right now. and to be near water!
i like pocasset. i hope the inpection is good and nothing to be worried about. if you need a push forward, just ask your dear friends here. and if it really doesn't feel right for good reason, you'll know that too.
i've been impressed with lynn's advice.
xoxo
Yes, all. Terribly nervous. KJ I think I should have held out in the bidding for a lower price. But I didnt so I agreed to pay a price higher than my budget called for. But given possibly i can rent out a room with own bath and entry, although in the basement w/ windows, maybe that will help make up the difference. The cape is odd right now, with some super bargains in foreclosure type places that need varying degrees of fixing up including, often, a new septic system. On the other hand in the "better" locales prices are still high (from my POV) from $350000 on upward.
It turns out this house I have made an offer on is a house the owner grew up in. That means it was purchased many years ago and maybe had only one or two owners as it was built in the early 70's. So its sales history hasnt been tested. The neighborhood is somewhat "working class" and shabby and unkempt in places but with nice houses intermingled. I cant see the lake but could walk around a few streets and get to the public access. The house has less than 1/4 acre and is oddly situated on the lot. Also back again with the traffic noises and prob. can't let the cats out.
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