It’s gonna be ours!

Sunday, February 25th, 2007

Well we are officially out of the inspection period, and were able to negotiate $7500 worth of closing costs into the deal based on some extra repairs the house would need from the inspection results. :)

These are the latest photos from the inspection, in case I didn't mention it. There's about 100. :)

There were some questions on the age of the foundation, as the 93 year old surface was a bit crumbly in places, and had some past patched leaks based on a bad job done on the front steps, where water was flowing up next to the house. We had a foundation guy come out and say how we can seal it up, keep water away from the house to prevent further deterioration, etc. It was a few thousand for that (we could do quite a bit ourselves, so maybe much less), but a lot cheaper than say a $30K foundation replacement which is what would've scared us off the house completely.

The house directly across the street just sold too, is 600 sq. ft. smaller and a run of the mill remodeling job, and sold for $108,000 more, so we're excited that we'll see a good return on our investment when we sell. We're hoping this house will reap enough profit to get us into the larger dream house we really want.

The neighborhood is soo cute and "Portland-esque" how we wanted, yet quiet and safe. We can walk to beautiful parks, yummy restaurants, nightlife hotspots, Trader Joes, etc.

This will definitely be a project though. But I'm a born problem solver and love to see projects to completion. We definitely want to keep our costs in check so that we don't overspend on remodeling, though.

Oh and we definitely have to sell our current house to even start spending money on the new place. :) We had an open house today and had a few couples through. Along with several others the past week it's been live on the mls. Pray we get some great offers! We had an agent's tour on Tuesday and every agent said the house was priced right and that it looked like we hired someone to professionally stage it. Not one negative comment about the decor, paint colors, or anything to fix to sell faster.

So the last hectic month we spent staging as well as tidying up outside (I spent 3 hours pressure washing the patio and driveway last weekend), was well spent.

I was addicted to the shows "Designed to sell," "Buy Me," and the like so I had help. :) We spent about $400 in various staging costs... new paint, tool rental, new dining light as I want to take the current one with us to the new house I LOVE it so much, etc. So that was much less than a typical "Designed to sell" $2000 budget. :)