Wednesday, March 10, 2010

I looked.

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Instead of twelve places, there were only nine to view. The three not included are manufactured houses, which V.A. loans do not include. One of them included nearly 5 acres, if it looked very rough as well. I have an strong interest in one of the houses I viewed, and a milder interest in two others. The main of the strongly interesting house was rock construction, which drew me in. The inside is quite nice and the basement is reasonable for the purposes I have in mind. It has a garage with enough room for a decent work space. And there is enough room for a visitor or two, easily and comfortably. It is in a town, a very small one albeit. None of the properties were, exactly, rural. All of them were in towns, or collections of houses equivalent to small towns.

As well, an acre is not as much land as I had thought. The land on the house I am looking at most closely is clear and in good shape. A horse would work there well, though I would need to build up the fencing most likely, and build a shelter. Neither of which is too difficult, if expense would come into play. There were two other homes of interest. One, the next favored, with a fantastic view and close proximity to the mountains, would be a bit of work. The house is in decent shape, if just a bit rough. But the land would need a lot of work to get it in shape for a horse or anything really. It would be mostly manual labor, and a lot of it, but the work would be one time only. The last of the three best choices is on shortsale, which would make for a long purchase. There is already a bid in, so I probably will not mess with that. It was the newest home I looked at, and looks new. Newer houses are so... regular. What they offer in brute space they lose in character and charm.

I did not really know the prices of the houses while I was choosing and looking. I did not want that to interfere with my choice, one way or the other. Oddly, price did not really indicate what I liked, as it turns out. My favorite house is being offered at $127,000. The more expensive houses, at $159,000, were of no interest to me at all. I am seriously thinking about placing a bid of $122K and sellers pay closing on that house, where price is negotiable but closing costs are not, and seeing where that will get me (depending on a rigorous inspection of that house). It may not be in the country, but a country house is simply not available. This town is, I would guess, around 600 people and around 8 to 10 square blocks. It is about 20 miles from Logan, should I find my way back to school.

It is a very nice home, with a basement, garage, workspaces, upstairs, and a good deal of character. I think it has 2 bathrooms, 3 to 4 bedrooms, and decent storage and closet space. The land is ready to use. And it is about as rural as it gets. The house itself is quite charming, interesting, and comfortable feeling. It was built in 1883, though there have been additions. I really think I am going to speak with my broker tomorrow and see where we should go from here. A few questions, the planning of an inspection along with a bid discussion, perhaps another visit to specifically look at things, and then onward from there, I think. I want to look at it again, and really look at some things and ask some questions. What type of heating and cooling does it use (and take a look at utility bills from when it was lived in regularly), look at the rooms and spaces more closely while attempting to disregard my general good feel for the place, questions about different things which might become a cost sooner or later (how new is the roofing, furnace, and whatever).

When I returned home, I tried to find the email my broker had send which included the properties, to look over some of the details. I simply could not find it.

I was absolutely exhausted. Perhaps that is why I could not find the email. I took a nap, intending on sleeping for about 2 hours. I set the alarm to that end. I do remember waking to the alarm, using the snooze to try and revive, and failing. I 'napped' from about 14:00 until 20:00. I had to drag myself out of bed even then. And at 23:30, I am ready for bed again. Zapped. Tomorrow I need to get to the V.A. in Ogden, the clinic, and let the do a check-up and blood draw. No food after midnight, so I best get a bit to eat before I go to bed. After visiting the V.A. tomorrow or Friday, I will take a week off. I have been pushing very hard.

Doing what I can, I tell ya. That is all I can do. I must admit, I wish some of my people lived a little closer, so I could take them on a tour of the house as well and discuss some of this a bit. Then again, both are women and with very different tastes and interests. Still, that is not always a bad thing. They might come up with questions or thoughts, or at least ring a bell that got me to think about something I wanted or needed to ask. Oh well, I think I will do fine as is.

Good night.

5 comments:

  1. Just a thought... check availability of cable/internet.

    I'm with you on preferring older with character rather than newer ho-hum.

    Your prospects sound good so far, Doom. Keeping fingers crossed for you.

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  2. It's good to have someone else thinking and checking in. If I have to, I could go satellite, but you are right, cable is probably cheaper and more sure. It would be nice to see exactly what is available that way, costs, and such.

    I am still twitching a bit. It is a big decision and it will tie me down for quite some time. At least I am financially free and actually able to do this. If I have buttoned down every hatch, just to make sure... Mostly... That reminds me though...

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  3. If you can avoid satellite it would be a good thing now. But being more remote is a better thing in the long run.

    Satellite is expensive and slow compared to cable, although it is a good margin better than dial-up.

    Basic service from Wildblue.net is $50 per month. A more usable speed is available at $80 per month. Even then the latency is astronomical.

    Now is the time I really wish you had a digital camera. I would absolutely love to see photos of a couple of the proposed places to offer my thoughts.

    Here is a thing to think on--how easily could a place be heated or cooled if you had no electricity or propane? Any of them have woodstoves, or could have a woodstove added? Trees on the property that can be cut for fuelwood?

    Where is the water coming from in each case? A well on the property? Municipal supply? Shared well? Having your own well is a huge plus, even if it means retrofitting it to run on solar. Surface water would be superb. A spring or artesian well even better.

    Find out if there are any issues with water rights for irrigation purposes, and what limitations you may have on how big of a garden/orchard/pasture you can irrigate. And more land is better, even if some or much of it needs to be just dryland pasture and/or woodlot. One person could easily put five acres to work over time.

    Any of these homes in an area that do not enforce building codes? Plusses and minuses there, but if the house passes inspection ok, having lax building codes means you have more flexibility in how you do certain modifications for off-grid living. Had I purchased a place ten miles south of here, I'd have been in a county that really doesn't give a hoot what you build or how.

    One more piece of advice--don't jump at the first place that might work. This is a buyer's market and you are under virtually no pressure to put in an offer for fear someone else could grab it.

    As for what to offer, don't be afraid to lowball. Have your agent do a "comparative market analysis" for the property you're interested in--and be sure he includes REO's in the mix to get a realistic market range--then make the offer at least ten percent below that figure. The worst they can do is say no. You can wait a couple weeks and then put in a slightly better offer if you're really hooked on the place (don't seem too eager though or they know they gotcha). Or they may counteroffer. Then the game is on, and you can haggle your best terms.

    Find out how long the property has been on the market. In most cases, the longer, the more desperate are the sellers and the more willing they are to consider a lowball offer. (Just don't do what one investor tried on me--put in an offer about 40% below the current asking price--even I had to reject that one out of hand. The bank would never agree...)

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  4. Remember that even a buyer broker has an incentive for you to pay more, as his cut is still a percentage of the sales price.

    I've been fighting with my broker for a year now, trying to get the price of the house low enough to snag an offer before the declining market overtakes the asking price again.

    We just lowered the price to $104,900 even though I wanted to drop it to $99,500 already. I agreed to give it two weeks at this price before we make the next drop to $99k.

    Unfortunately in Tucson, prices are still heading down.

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  5. "As well, an acre is not as much land as I had thought. "

    Mate, people here go to war over a quarter of an acre, and at $122K, i think the whole of Australia would be at your place bidding and throwing cash at you.

    You folks are so blessed over there in the States, i know places like New York and San Francisco are as loony as out here but the rest of the country is really something else.

    I remember having a look at prices of houses there a few months back and it was depressing. Places i like and could afford now in America, i'd have to save for another 10 years just to have half the asking price.

    And that rock construction, i think i've seen those in your movies before, those are the best, a man's house, i share your affection for that type of house.

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