Appraisal Shortfall - We are working with the lender in California to approve a more realistic appraisal - I'll keep you posted.
207 Years Old and Counting - Well, the home inspection is in - one would think that a house still standing after all those years can't be all bad! There are a few relatively small electrical and plumbing issues - the biggest issues are post beetles found in the joists that don't quite make it all the way to the underside of the floor! This will continue to be interesting - according to the pest inspector, those post beetles could have been there from the day the tree was cut down (207 years ago????) - and don't forget my earlier post - the seller is responsible for wood destroying insects up to 2% of the sale price. I'll keep you posted on this as well.
Interesting question of the day - how do rent to own or lease to buy options work? In a buyer's market, this might be a very realistic and appealing option for sellers - I will write more information on this tomorrow.
Sorry the posting today is lean, getting up to speed after a holiday is always a challenge. Remember, questions, comments or interesting stories are appreciated.
BE INFORMED AND CHECK BACK HERE OFTEN
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment