So that house I mentioned the other day? It got away. The seller refused to drop below $100k so we let it pass. Good thing, too, because yesterday two more good options popped up on the market. The living room for one of them is pictured at right. Check out the huge size and that beautiful wood trim! And a fireplace! The house has over 2500 square feet! And a fenced yard for our dog and a 3-car garage! And it’s mere blocks from L’s job!
Now I know what you’re thinking: We could never afford a great place like that. But we’re talking Montana, here, where all that and more can be yours for little more than $100k! Now do you understand why we’re moving to Montana?
But, ok. Let me be honest. All of the above is true, but also true is that this house is a major “fixer-upper” that probably needs most of a new kitchen, a major rebuilding of the staircase leading to the second floor, and various other things too numerous to mention. And we don’t even know the condition of the plumbing, electrical system, furnace, roof, or foundationâ€”you know, the important stuff. So that explains why it’s so cheap. But still, it’s pretty tempting. Just look at that living room! The dining room and one bedroom are in about that condition, too. The rest of the house? Another story altogether.
So we didn’t bid on that house. Instead, we bid on another which is almost in the same block. It’s much smaller but it has everything we’re looking for in terms of location, yard, dishwasher (very important!), garage, price, condition, etc. We’re currently waiting to hear if the buyer is going to respond to our offer. But while we were on the edge of our seats all of last weekend because of the anxiety of our first bid, now that we’ve been through it once we’re trying harder to stay relaxed. House hunting is just like going to the mall, only bigger, right?
As for the issue w/the statutory broker v. the buyer’s agent, we solved by simply asking our realtor about it. She explained that she can act in either capacity but had chosen to act as a statutory broker on the first deal b/c we were dealing at a distance and she thought we might prefer that b/c it meant we would not be obligated to use her as our agent if that particular deal fell through. However, for better or worse, we decided to contract w/her as a buyer’s agent (aka, a buyer’s broker) in order to make sure we’ll benefit from the additional obligations such a contract implies.
See all this stuff they don’t teach you in law school?
[tags]homebuying, real estate, montana, realtors[/tags]