Wow, things happen quickly. I didn’t write about this last week because I really didn’t expect it to go through. I made an offer on a house, about $10K under listed price. This house was a repo and needs some work (not as bad as the others I’ve seen thought). It was a multiple offer situation and I though for sure I wouldn’t come close since people have been paying list price.
I was surprised when I was informed early this week that I had the high offer, but they wanted to get another $5k out of me. No way was I giving them any more, I though my current offer was generous. To make a long story short, I signed the contracts yesterday. It’s mine!
This house is located in the same neighborhood that the other house I made an offer was on. It’s on a 1/2 acre, a nice rectangular 1/2 acre with easy access to be the back yard on both side. The interior needs carpet, paint and is a little dated (was built in the late 70s as far as I can tell), but other than that it’s not in that bad of shape. It also has city water and sewer. Many of the house in this area of Rio Rancho were built before there were hooks and have septic systems or wells. I lucked out there as well.
Over all I’m happy with this purchase so far, I got a deal and it has the basic configuration I was looking for. I have some big plans to add on and will be writing about them here.