Update on #22


We had the house inspected yesterday. There was much stress leading up to that moment. The outcome was mixed. Definitely not the outcome I would have preferred, but I am still trying to think positive. However, we are pulling out of our current offer on the house. Here is an excerpt from the email I sent our realtor, which explains the situation.

The house inspector had both good news and bad news. The good news is that the main part of the house is structurally sound, and in very good shape for a house its age. The bad news is that the electrical and plumbing systems have to be completely replaced in order for the house to be inhabitable, and she also suspects the gas would not be up to code even if reconnected. She does not recommend having that work done until it is moved because it would have to be done again. She also said the house has been for sale for a long time (just not with Keller Williams), with no interest because of those issues.

With all that information considered, and some of it being somewhat contradictory to the sellers' disclosure, which stated that the systems needed to be upgraded but were functional at this time, and since the initial costs would be much greater than we had  hoped for, we have decided to walk out on this offer at this time; however, we are still interested in the house. We want to bide our time, gamble that the house will not sell, reconsider our financial situation (which we hope will improve within a year or so because of children graduating from college), and start looking for land. If the house is still available a few months down the road and we have been able to find suitable land, we will definitely revisit the situation, and consider putting in another offer.

So really it's just a matter of logistics. We most likely need to sell our current house to fund this whole thing, and we can't do that without a place to move to, and we can't live in #22 until after it's moved and rehabbed, and it makes no sense to buy it and let it sit there (paying expenses on it) while we look for land when we can't even spend any time in it or work on it because of no utilities. So...we will start looking for land and hope the house waits for us. Fingers and toes still crossed!