Hey guys, So I thought I'd share the home Im closing on the 15th of April this month.
lol, So I'm in the process of buying a home. Being 22 it's my first.
So I was suppose to close on the house today, But were extending the closing date two weeks.
I lost a house when I offered asking price on another a couple of months ago.
Well I found the current home and put in an offer. It's a Foreclosure. I received a form from Fannie mae stating Im not the only bidder etc... blah blah blah.
So, House listed for 200k, Dropped every few months and then went into foreclosure at 89,999. I had to ask for seller to pay closing cost so cost might as well of been 95k. I wanted the house enough I offered
99k because I had already Lost one house and I offered asking price. So I wasn't going to lose this one because I see it as worth it.
So, I get the inspections done, Everything looks pretty good. Whats expected for a home built in 1938.
Last owner bought it in 2005 for 165k and put about 60k into it.
So Since it's my first home, I'm going through a first time Home buyer program which after I took a class, My Down Payment up to 3,000 was paid for. Thanks guys.
So the last inspection, The Appraiser shows up. (I wasn't there) and check it out.
HOWEVER, The loan will not be approved until the work he says has to be done, is done. Which is....
1. Strip, and repaint the flaking paint on the extr of home windows/trim due to lead paint from 38. The last owner replaced half the windows among other things for 60k.
So they bidded out the job and the lowest bid came in a 3,300. So they are fixing that before I close on the house.
So you guys know, first time home buyers program is like most, the House almost has to be perfect to get it approved.
I'm talking, If outlet covers are missing on outlets the appraiser will deny until fixed...
So, thats the deal right now. I'm waiting for seller to fix the issue,
So, Heres the details.
7/10 of Acre. Downtown, Historical District, Columbia tn. I'm employed by the city as a firefighter so perfect location 1 mile from work. (I'll bicycle back and forth, thats the plan anyways to save the Audi)
2 Car Port
MAIN FLOOR 2,600 sq ft
Original Refinished Hardwood throughout
10ft High Ceilings
3 Bed, 2 full Bath
2 living rooms, two dining rooms. (remember formal and non formal back in the day)
Kitchen, Granite counter tops
1 Laundry room, Granite Counter tops with Granite window sill slab
Unfinished Attic (maybe 400sq ft?)
Unfinished basement size of main floor. (So another 2600sq ft that I wont ever finish. But it's a nice shop area etc...)
Front of home, Driveway/carport on right. Front door is the one under the Red Cover. Door on right is door for small office and living room #2 (See below)
Some of the Detail in the Trim, Note the flaking paint talked about above from appraiser. Also see new shingle roof.
Main Living room from front door. (Red room is Main Dinning room, then into kitchen)
Another shot of Main living, Arched door way is leading to front door, which is also Custom Built Arched.
Main Dinning Room.