Well..
Things happen for a reason. Yesterday the place we liked fell through and we were frustrated because of how far along in the process we were.
However, we believe that everything happens for a reason. Yesterday evening, after our deal fell through, we learned of a place that had previously been out of our price range that had just lowered their asking price by $20,000, and it was now in our range.
We looked at it last night, talked about what we would need to change (an old lady lived there before so it is kind of "old lady-ish") and decided that it would be a great fit for us.
This is SOOO much of a better deal. It had been on the market for the past 3 months listed at $179,000, yesterday she dropped it to $159,000, AND she said she would pay 2 years of dues to the condo association (about $8,000). SO..today we made an offer of $165,900 with her paying all closing and our down payment so that we can use that money to change and update what we want to. The offer was kinda low since she had already dropped the price 20K, and now we were asking her to basically come down another 4K with additional costs she would cover. WELL...she accepted our first offer, she didn't even counter offer!! SO basically we got the place for $157,900!!!
One of the VERY exciting things is that the last place in this development that sold had just been updated and was exactly the same as ours and it sold last November for $185,000!! So with the updates that we want to do and a little bit of sweat equity we should start off with about 25K of equity!! Which is ALWAYS nice!!
Here are the details of the place:
- 3 bedrooms
- 1 3/4 bath
- fireplace & carport (the last place had neither)
- HUGE living room
- Unobstructed views of the mountains and a lake. (wait till you see the pictures of these views!!)
- MUCH better location, it is actually only a mile and a half from where we are now in South Anchorage.
- GREAT potential!!
We will post pictures soon. We have seen how these deals can fall through so we are trying to stay grounded, but still hopeful that this will work out!!
We will schedule the home inspection for the next couple of days (didn't we just do this?)
We will keep you updated!!
Also, we have heard from several of you who have been following these updates and I just wanted to say THANK YOU for reading this!!!