Inspections Update

So we have had one home/pest inspection, and it was no surprise that there was a large list of repairs that would need to be taken care of before closing. So we had Blake (Lane's brother--general contractor) write up an estimate for his list, and a plumber write up an estimate for all the plumbing issues. Basically we had to let the bank/listing agent know what the estimates were for issues that should have been addressed before, and asked them to lower the price we would pay. They originally told us they would pay $2000 in repairs, so this time they came back saying they would just up that to $4000. So that's good news. We can probably get everything that needs to be done for about that much because of all the family/friend connections we have. However, this inspection was not the FHA inspection--which is the one we are more concerned about because that's what will get us our loan. That inspection is taking place this week, but there shouldn't be a list much longer than the one we already have, so hopefully we can get all that done and everything up to code by August 27th (closing date) with out going over budget!

So...it's still not ours yet...but almost there!

In the meantime, our minds are going crazy with everything we want to do to the house. But it will be a month by month priority list, and I will have a hard time not wanting to just buy whatever matches to make it look great! **I guess we need to get the house first anyway**

Update

Well yesterday we signed the buy-seller agreement, and today we met with our mortgage broker to sign a whole bunch more paperwork. The inspections and appraisal are now being set up and will be taking place next week--and then we will go from there! If all goes well, then we will just have a few minor repairs that we can take care of prior to our closing date (Aug 27). Wish us luck!!

Tour

So here's a little tour for those who are not in Wenatchee to actually see the house. Please excuse my lame layout drawings, just trying to make it easier to understand the layout! There's a lot to fix up! (If you can't see the labels in the rooms you can just click on the picture, it should enlarge).

2537 Indy Ln

We found this forclosure home in Wenatchee: 5bed, 3bath, 2750sq ft on a 1/3 of an acre...asking price $189,900. It's a total fixer upper. We haven't shopped around too much other than the internet, so I felt we were rushing into things until I saw the inside. It does not smell good or look great right now, but I immediately saw the potential. The exterior is beautiful, like a house from a movie. Yard needs some fixing up and the garage and such. The inside needs a ton of work. We decided to place an offer. After a week of adjusting against a couple other offers, ours was accepted!! I don't think it has all sunk in yet with me. I guess it doesn't seem real yet. Now we need to pass inspection to secure our loan, and make sure all the necessary repairs can be done before closing with out increasing the price by too much!