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  • Looking for THE deal on a house?

    Ok, this is another one of those weird offers.

    We are buying another house (and driving super mellow takes us almost 2 whole minutes to get to from our current house) and we are going to fix up and sell the current one. We hope to have it done and ready for walk throughs by the second week of June. There is no way we could sell it while we are living in it unless it was people just like us who bought it.

    Which is where the unique deal comes in.

    We have a certain allotment of funds to go into the repair of the house and we have a certain amount to pay the mortgage for a long time while it sits on the market. I would rather give someone the $3000+ to do whatever repairs to the house they want than me spend it on the house.

    We owe 129k on the house, that is what we want to get out of it - not a penny above what we owe, closing costs would be added to that as a bridge, so I imagine the house would go (sans realtor fees if we sell it before we list it) for 135k, and whatever didn't go to closing costs would go to you in cash post closing. So, if someone puts a contract on our house and takes it as is we will hand over $3000 in cash after closing if the contract is on the house before we close on the other house, plus whatever would be left over after closing costs.

    The house is a 3 bedroom, 2 full bath, vaulted ceilings in the master bedroom and in the living room, the kitchen has all new appliances (BADASS stove and dishwasher, the fridge is coming with us - if you don't have a fridge, we could work something out on our old fridge, which is currently the beer fridge in the garage). The kitchen is the coolest part of the house, it has checkerboard VCT (read - industrial strength) tile floors with black cabinets and chrome drawer/cabinet pulls. There is also a 225 gallon hot tub that we had the electronics replaced 2 years ago (over $1000 for new electronics on that thing), it is soooooo awesome in the winter. The heating/air is less than 2 years old. We are putting up new insulation over the living room to help keep the heat out (doing that this afternoon). We recently overseeded and thatched the front yard. The house sits on an acre in a fairly quiet neighborhood, there is virtually no crime anywhere nearby.

    What the house needs: It's all cosmetic other than some shingles. When our dogs were puppies they scratched the hell out of the front door frame, the window sills need some love, there is trim work that needs to be done, the exterior of the house needs paint BADLY. The back porch could use new columns, and the front porch could use new columns. There is no garage door and some of the carpets could use redoing (they aren't funky or stank, they just don't match the super thick/plush black carpet in the living room/hallway). There are a few doors that don't shut real well, we had a foundation guy come out and measure the foundation on the house and he said it just settled and doors aren't lining up anymore - it DOES NOT NEED TO BE LEVELED (this is good to know), prehung doors are cheap. I think that's about it.

    Realistically if you did all of the work yourself, you could do all the repairs to this house for less than 2k and walk away with some cash and a very cool house (and the neighbors are already used to hearse people living next door). This house is going to appreciate as the market gets better and all of the neighborhoods going up around are very expensive (property values are increasing as the area is very desirable to live in).

    And anybody who has ever been to a party here knows how cool of a place it is, and we've only been doing good things to it in the last few years - this new house was just one of those mega-ultra-'man I can't pass this up' kinda deals.

    Let me know if you are interested, spread the word and I can probably kick you a few bucks (with at least 2 zeros) if you find me a buyer who can actually buy the house. We would require 1k of non-refundable earnest money to show sincerity of offer due at contract signing as the house would be off the market while the contract was in place. If the contract is seen through completion and you actually buy the home the earnest money would be returned to you after closing.

    Chris and Nikki

  • #2
    Update.

    I made this offer to my parents and I'm not sure if they are going to do it or not. If we get a contract on it before June 1st, we'll give 3k in cash after closing to do repairs (this does not come out of the mortgage, this comes out of our pocket).

    Annnnnnd, if we can close during the month of june, I'll pay all closing costs. So the total on the house would come to 129k even.

    Something to consider.

    Chris

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    • #3
      Very interesting offer..hope it all works out for you.

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      • #4
        So far so good. Still trying to sell it to my parents. We've been pretty happy here, just that we are ready to move up a bit.

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