(Closed) We found a house we love, but…

posted 7 years ago in Home
Post # 3
Member
4653 posts
Honey bee
  • Wedding: August 2013

I would be jumping on that house If you have the money to pay for the repairs and buy what you need for it then do it!  BTW I love the house! 

Post # 6
Member
4653 posts
Honey bee
  • Wedding: August 2013

Yes then do it! You dont have to do the stove right away as long as the one it has now works and is staying. and if all else fails you can use a laundry mat (or friend/familys washer dryer) until you get your own but I do think that the furnace and heating should be done right away! But how exciting! Congrats on house shopping….

Post # 7
Member
4803 posts
Honey bee
  • Wedding: August 2012

I would be snapping this up in a second but obviously the housing prices are way different from where I live!  I’m looking at 3 bedroom townhouses right now and will be lucky to get one for $320,000!

I would totally buy that and put the money into it; I love it.

Post # 9
Member
1150 posts
Bumble bee
  • Wedding: August 2011

LOL @MademoiselleL!

I am the proud owner of a 2 bedroom condo in one of the worst areas of the lower mainland for almost triple the price of that house. Best bet i would be buying it. Real land!

 

 

Post # 11
Member
7777 posts
Bumble Beekeeper

I would go for it! That house is adorable and $80,000 is a really good price for a 3 bedroom home.

You really, really don’t want oil heating anyway, so swtiching to electric is really a blessing in disguise. Oil heating is really common in the UK and heating oil is SO expensive.

Post # 14
Member
7777 posts
Bumble Beekeeper

@HappilyEverAfter54: Yeah… the systems here work where you fill a tank. I’m sure he one in teh house was similar. I am not sure how much heating oil costs in the US, but in the UK… I would say you’re looking at a thousand dollars a year minimum to full up your oil tank (a lot of people I’ve asked have said 800-1000 pounds, which is around $1600 give or take). It was the one thing everyone told me to avoid when I moved here. So really, after 1 year your new heaters have paid for themselves.

Post # 15
Member
875 posts
Busy bee
  • Wedding: May 2012

All the houses I’m looking at are around 500,000 lol, and they don’t look as cute as that! You’re lucky, I would snatch that up real fast!

Post # 16
Member
5778 posts
Bee Keeper

I don’t get it. Why and how can you possibly install a new heating system on a house you don’t own,where a mortgage can’t even be written on it without one? Would the mortgage be contingent on the system being installed first, and what happens if you do the work and the mortage company/bank find other things that prevent them from lending you the money? How can you do such costly repairs if it isn’t even your house?

This whole thing sounds way too risky to me, so I hope you have an attorney to review any offer you make as well as assure you of the particulars before you find yourself in a financial mess.

I’d also find out if you can have an independent home inspection done before you make an offer. To replace my heating system we’re talking in excess of $8000., so I’d be a little worried about what that agent is telling you. Copper pipes aren’t cheap either.

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