We gave everyone a quick peek into our goals, plans, hopes and dreams for our family’s future home quite a few months back, but we hit a huge snag when the seller was largely mistaken on what he could get away with. He wanted us to have this home so terribly that he was willing to let us put a large amount down and then finance the rest of the home through him. Because of the condition of the home there isn’t much of a possibility of financing otherwise.
He accepted our offer and started to get things in order on his end and quickly found out that with the loan that he currently had that he wasn’t, in fact, allowed to finance the rest of the purchase. Until this point we weren’t aware that there was even a loan on the home. His current loan was obtained to finance other projects out of town while this house was still intact and being used as college housing, but during that time the kitchen had caught fire and the house was then gutted. We were completely devastated having already fallen completely in love with the prospect of this house, the neighborhood, and the thought of finally having a home large enough for us. We had a feeling that the timing just wasn’t going to work for us since we were right in the middle of a flip project.
We recently finished our flip, placed it on the market, and our fabulous agent had it sold and cash in our hands within a month and a half. It was the most perfect circumstances anyone could ask for while selling a home. With that money now in hand we went back to the sellers today and put in our new cash offer (fingers, eyes, toes and even attitudes a little crossed).
Tomorrow we walk through the home, take measurements, and start making floor plans to take to the county. We couldn’t be more excited for this project. It is more than 4 times the size of our most recent project, but I know that we can do it. Our sons are older, stronger, smarter and more helpful, mules really. And we have definitely learned a lot more about this whole process, mainly that even though we get to the verge of divorce time and time and time again over the color of grout or the texture of carpet, we still come out shining in the end. It really is worth it all.
Photos and videos to come tomorrow!