Medsport
Well-Known Member
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- #1
I've been looking for a new place since last summer as I decided it was times to upgrade from my older 2 story with numerous issues such as wet basement at times, foundation issues, plumbing issues, old furnace and no garage. I've put some money into it and got a buyer lined up and just waiting on some loan liens and such to come back. I'm also very close to closing on a place, but having serious 2nd thoughts at about the last minute. Its a decent place with newer appliances, a nice four season room, patio in back with small pool and a detached two car garage. But it is actually older than my current place at 101 years old and is also a 2 story. The foundation looks solid and it has been well maintained. I have looked at dozens of house and made offers on many, but when the inspections came back, I bailed on all of them. This place seems to be the nicest I've looked at in the past 6 months or so. But the thing is, I really wanted a newer 1 story ranch and wanted to stay in either my current town or the town my remaining family lives in about 20 miles away. This place is in another smaller town about 10 miles further out. I know it may not seem like a long way, but there is no gym in this town and limited shopping and restaurants so I would have to take more trips to the other town for those things. One plus is the taxes are cheaper there.
Anyway, I signed the purchase agreement over a month ago and they already did the repairs we requested (mostly updating outdated wiring and such). Well, the appraisal came back earlier in the week (which took a lot longer than anticipated) and it said it was worth 3k less than the agreement. I know not a huge amount, but still since I was having reservations anyway and now knowing its not worth what I thought and the area will most likely have slow growth. So I told my realtor my thoughts and he said we are way too far into it now to change my mind and he sort of convinced me that if they lower the price I would go through with it. He came back with they are willing to split the difference at 1.5k, but I would have to pay the other half. Still not a huge amount and my family were getting excited that I would be closer to them. But after talking it over, to my surprise, they more or less said I need to be completely sure about the deal as it will most likely be the last place I buy at my age. Plus its not what I originally wanted or in my preferred location. It is fairly close though and I kind of want it to be over that way I can get my new car sooner. But then again another month or two wouldn't be a huge deal if I could find another place soon. Plus with the weather improving and Spring coming, there should be lots more houses hitting the market than the past few months.
So what do you guys think? Am I being petty and maybe too picky or should I just bite the bullet and go through with it? I'm still not sure if I can even walk from it or not though. I guess I could say I won't sign unless the sellers pay the whole 3k, but if they do agree then I would still be on the hook and may piss them off in the process. BTW, they did have some furniture that they were talking about possibly leaving or selling to me at a fair price and also may leave some stuff for the pool with instructions as I have never owned one before.
Anyway, I signed the purchase agreement over a month ago and they already did the repairs we requested (mostly updating outdated wiring and such). Well, the appraisal came back earlier in the week (which took a lot longer than anticipated) and it said it was worth 3k less than the agreement. I know not a huge amount, but still since I was having reservations anyway and now knowing its not worth what I thought and the area will most likely have slow growth. So I told my realtor my thoughts and he said we are way too far into it now to change my mind and he sort of convinced me that if they lower the price I would go through with it. He came back with they are willing to split the difference at 1.5k, but I would have to pay the other half. Still not a huge amount and my family were getting excited that I would be closer to them. But after talking it over, to my surprise, they more or less said I need to be completely sure about the deal as it will most likely be the last place I buy at my age. Plus its not what I originally wanted or in my preferred location. It is fairly close though and I kind of want it to be over that way I can get my new car sooner. But then again another month or two wouldn't be a huge deal if I could find another place soon. Plus with the weather improving and Spring coming, there should be lots more houses hitting the market than the past few months.
So what do you guys think? Am I being petty and maybe too picky or should I just bite the bullet and go through with it? I'm still not sure if I can even walk from it or not though. I guess I could say I won't sign unless the sellers pay the whole 3k, but if they do agree then I would still be on the hook and may piss them off in the process. BTW, they did have some furniture that they were talking about possibly leaving or selling to me at a fair price and also may leave some stuff for the pool with instructions as I have never owned one before.
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