^ Talk me out of this

[brit]

I knew I'd seen that house before! I think you should do it. You know that neighborhood is only going to go up in value. Buy it and then invite me over for dinner in your new fancy pad

[brit]

May 17, 2012 10:50:35 GMT -5 vegas said:

May 17, 2012 10:47:17 GMT -5 brit said:

We just looked at a house on Monte Cristo that looks just like that, but had too much structural damage. We don't have the $150k liquid it would take to bring it back to life

Is it sad that I think I know exactly which house you are talking about? Yeah, if there's structural damage we are out. That's why we are still going to have the appraisal and inspection--two things we'd never waive on a house of this age.

Yea, the MC house is so beautiful and I bet it used to be gorgeous on the inside, but they've just neglected it for SO SO long that it would take too much to bring it back up to code (i.e., two of the four bathrooms don't work and they've never cared to get them fixed. They just use them as closets now wtf?).

[vegas]

I'll keep you all posted. We are going to see it again today and really assess the cost it will take to make it feel like home. I went back through the pictures and noticed the kitchen could use new appliances--another 5K probably. I need to really make sure I'm willing to spend that kind of money.

brit--that bathroom situation is just weird. I don't blame you for walking if there was neglect, we walked from a home that sounds similar.

[Pom]

That is lovely and hard to believe it is in Vegas. Good vibes your way.

[vegas]

May 17, 2012 11:48:29 GMT -5 Pom said:

That is lovely and hard to believe it is in Vegas. Good vibes your way.

Thank you!!

[doctorsbaby]

That house is gorgeous! And way different than the standard Vegas house. We've recently started looking, finding a large house on a large lot is hard to do, much less finding something so custom. We have looked at some of the new construction and they are selling 3-4k sq foot on 1/2 acres for more than that in some communities in the SW part of town. Plus they don't have the beautiful mature landscaping.

[80sjunkie]

I'd pay slightly over appraisal for a "forever home." What I don't understand is why 40k? Wouldn't say 20K over the other offers be enough?

[vegas]

May 17, 2012 12:08:14 GMT -5 80sjunkie said:

I'd pay slightly over appraisal for a "forever home." What I don't understand is why 40k? Wouldn't say 20K over the other offers be enough?

They got an offer of just over list, cash. The realtor won't say how much, but my realtor gets the feeling that it's between 410-420. There's really no incentive for someone to accept a fiananced offer of 440K when they have a cash offer of 420K, especially for a short sale. If the bank is likely to accept the 420K offer anyway, the extra 20K won't matter. I need to make it matter if I want them to accept it. Not sure if that makes sense.