Now that the Home Inspection had been signed off on ....we decided it was possible to see if we could find a new home an an affordable range that our new circumstances dictated.
Since we had a closing date of January 15th we figured we had about a week to find something. If that didn't happen we were going to rent for a while. So armed with our pre-quals...we headed off into the world of foreclosures!
I can't even describe some of the properties we saw. Most were either so old or in such bad shape...they weren't worth fixing up. The others had been "rehabbed" and the work had to be undone before you could....move on!
We had been looking at smaller homes but a Foreclosure with a price reduction came up on the MLS. Situated in the Village of Pittsfield NH, a Victorian Colonial (1865) 
In this style house the first and second floors are usually a mirror image. This would give us the option of doing over the first floor from scratch for us and making a second apartment for income on the second.
It had high ceilings, hardwood floors,baths up and down a beautiful lot and was within walking distance to the center of town!
We decided to make an offer. I will say I was pleasantly surprised at the quick responses with offer/counteroffer. We had a heating and plumbing contractor check the systems as best he could with all shut off and meters removed. The house had been winterized, but not properly, and there was pipe damage to the tune of $7,000. We felt the cost was worth the final product.
The hang up came with the appraisal. The appraisal came in at about 20 thousand less ($75K) than agreed upon Selling price ($93K).
I sent in an addendum for a commitment extension and a new price plus a copy of the full appraisal.
And so ....the waiting game began!
Concord NH Realtor
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Joan Mirantz - Joni is a Realtor® with Keeler Family Realtors, a locally owned, Customer Service oriented Firm.
Joan Publishes a monthly Newsletter "Food For Thought" under the pen name Realtor Sherpa.
(Joan also answers to Miz Maven and Miss Joni.)
Joan works in Buyer and Seller Representation with concentrations in the Merrimack Valley Area and towns surrounding Concord NH - the Capital City.
"I love what I do, and it shows in how I do it"
Joan
I had one recently that got caught up on an appraisal
Sincerely
Tom Braatz
This is still ongoing as we speak Tom....I'll keep you filled in! How are you?
Beautiful old house, Joni! But it sure doesn't look smaller! LOL I hope that it all works out for you. Geoff needs something to keep him busy. ;)
Joni, I'm so glad to hear you found something you really liked! I'll be waiting to see if your offer is accepted and I'm hopeful it will be! Blessings!
Hi Joan,
It's so WONDERFUL to see a post from you again and especially such a hopeful and cheery one....this looks like the perfect house for you and your husband and I'll keep my fingers crossed and say a prayer that it all comes together for you. I know that once it's in your hands it will be transformed and loved so much that it will be worth at least twice the selling price in no time. (((-:
Jo
Hello Joan. I hope you get the house that you are seeking. I'm rooting for you my friend!!!
HI JOAN! I have been so scarce on here that I totally forgot you and hubby were looking for a new home. If this is the one for you, I hope all the details can be worked out.
Joni,
I agree with Jo-Anne, we've missed you. Here's hoping all works out for you.
Hi Joni... what a great looking house! I can't wait to see it the next time I am in NH for a visit.
JOAN! This is so New England with the rambling additions, I love the house. It reminds me so much of our first home on Blodgett Street in Manchester. I'll be waiting to hear the update with my fingers crossed.
Good luck. I sure hope it works out for you! Major stress I'm sure.
there are so many foreclosures here in AZ, that many are dilapidated, however, usually it is still worth the so-called 'price of admission'
Carol...it really is a beautiful house. But all is not looking good!
Carole...we haven't given up yet....but hope is slim :0(
Hi Jo...finger crosing and prayers are definately needed!
Hi Gary...it is good to be back here. The encouragement is really appreciated!
Hello Rich....you have so many irons in the fire I don't know how you keep them all straight LOL
Thanks Cynthia...I've missed you guys too!
Shatz...no matter where I'm living....you are invited!
You are so right Debbie...it is a true New Englander!
Thanks Monika....major....is an understatement!
James this one is definately worth the investment...it's a really soild house!
Hi Joan...I love the looks of "your" new house. The price sounds pretty fantastic also.
I'm sure the sellers were stunned by the appraisal. Hope you get it all worked out to your satisfaction.
Kate
Hi Joan, I am going backwards so I guess this is the house that fell out, right. I am heading back further in your posts to be clear on what is going on in your world.