Unless something goes terribly wrong, that piece of property we wanted so bad is ours!
After our original offer, the sellers came back with a counter offer we knew we couldn't afford. We decided to try one more counter and added a bit to our original offer. After waiting weeks, yesterday they came back basically asking for a very small amount over our offer. So tonight, we sign and accept their counter offer!
Next, we start 30 days of due diligence so we can get the survey done and get answers to any questions we may have before we close. I don't think we'll use the entire 30 days as we did almost all the leg work before we ever made the original offer. All we really need to do is have the survey done which should only take a few days. One interesting note, the property is called "Jacob Springs". For those of you who don't know, our oldest son's name is Jacob, so one of the first things I'll do is make a sign for the property with the name.
Wow. Scary and exciting all at once. So much work to do on the house before we put it on the market. Painting and a few cosmetic things and taking a whole lot of stuff to storage. But, the thought of having the property we've dreamed of is such a motivation that I should have every room in the house painted within a few weeks! We did the right thing when we purchased this house from the builder before it went into foreclosure 8 years ago. Elmer contracted the finish work out so our investment in this house was about $100,000 less than most people were paying up here at the time. So, we can list and sell this house for under $300,000 and still make some money. And, the new buyer will be getting a great deal on our house.
We've kind of decided that we'll put a barn up on the new place and turn 1/2 of it into a mother-in-laws quarters and live there until we can build a house. When we have a house built, we'll rent it out or hopefully Elmer's brother will come and stay in it.
Probably nothing too fancy, something along these lines...
I'll post some pictures of the property once we've signed the offer. After 22 years of having the "dream", I can't believe it's about to really happen. Elmer and I are going to have such a great time - it's everything we've wanted.
I can't tell you how excited I am for this new adventure!