- This topic has 235 replies, 12 voices, and was last updated 14 years ago by bearishgurl.
-
AuthorPosts
-
November 4, 2010 at 10:21 AM #627612November 4, 2010 at 10:30 AM #626518bearishgurlParticipant
[quote=flu]Just curious scaredy, how does your wife feel about this problem? Would she be willing to walk? Serious question. I mean, I don’t think you’re being finicky this time.[/quote]
scaredy, I understand your wanting an “estate-type” property as they can be very privately situated, unusual and offer a lot of “bang for the buck” (i.e. land and unusual and expensive building materials). If I were in your situation, I would want to find exactly this type of property.
HOWEVER, many of these properties, when kept in disrepair for years, are typically purchased by licensed general contractors who have the equipment, supplies, manpower and the ability to “grease governmental palms” and know their way around an administrative hearing or two. For these individuals, the problems you describe are not insurmountable (as they typically wouldn’t move in the first few mos to a year, anyway).
I’m not saying you can’t overcome these problems. If I was you and REALLY wanted the property and KNEW I would keep it for many years, I would first find out IN WRITING from the horse’s mouth (read: local planning and land use dept) if the property CAN be remediated. If it cannot, then the building(s) which sit on it have no value because they are not habitable (you still need running water for a farm or barn).
If it CAN be remediated, it’s nothing that $$ and time can’t fix, but you will NOT be able to move in right away. I would drive a HARD BARGAIN with that seller and their lender, using your professional’s reports, etc., asking for the ENTIRE AMOUNT of the remediation to be taken off your negotiated purchase price and if the bank won’t accept the deal, WALK.
This way, no one will fix it but you and your licensed professionals. You will stay in your rental 1-3 mos longer after closing and this will not be the end of the world.
November 4, 2010 at 10:30 AM #626598bearishgurlParticipant[quote=flu]Just curious scaredy, how does your wife feel about this problem? Would she be willing to walk? Serious question. I mean, I don’t think you’re being finicky this time.[/quote]
scaredy, I understand your wanting an “estate-type” property as they can be very privately situated, unusual and offer a lot of “bang for the buck” (i.e. land and unusual and expensive building materials). If I were in your situation, I would want to find exactly this type of property.
HOWEVER, many of these properties, when kept in disrepair for years, are typically purchased by licensed general contractors who have the equipment, supplies, manpower and the ability to “grease governmental palms” and know their way around an administrative hearing or two. For these individuals, the problems you describe are not insurmountable (as they typically wouldn’t move in the first few mos to a year, anyway).
I’m not saying you can’t overcome these problems. If I was you and REALLY wanted the property and KNEW I would keep it for many years, I would first find out IN WRITING from the horse’s mouth (read: local planning and land use dept) if the property CAN be remediated. If it cannot, then the building(s) which sit on it have no value because they are not habitable (you still need running water for a farm or barn).
If it CAN be remediated, it’s nothing that $$ and time can’t fix, but you will NOT be able to move in right away. I would drive a HARD BARGAIN with that seller and their lender, using your professional’s reports, etc., asking for the ENTIRE AMOUNT of the remediation to be taken off your negotiated purchase price and if the bank won’t accept the deal, WALK.
This way, no one will fix it but you and your licensed professionals. You will stay in your rental 1-3 mos longer after closing and this will not be the end of the world.
November 4, 2010 at 10:30 AM #627153bearishgurlParticipant[quote=flu]Just curious scaredy, how does your wife feel about this problem? Would she be willing to walk? Serious question. I mean, I don’t think you’re being finicky this time.[/quote]
scaredy, I understand your wanting an “estate-type” property as they can be very privately situated, unusual and offer a lot of “bang for the buck” (i.e. land and unusual and expensive building materials). If I were in your situation, I would want to find exactly this type of property.
HOWEVER, many of these properties, when kept in disrepair for years, are typically purchased by licensed general contractors who have the equipment, supplies, manpower and the ability to “grease governmental palms” and know their way around an administrative hearing or two. For these individuals, the problems you describe are not insurmountable (as they typically wouldn’t move in the first few mos to a year, anyway).
I’m not saying you can’t overcome these problems. If I was you and REALLY wanted the property and KNEW I would keep it for many years, I would first find out IN WRITING from the horse’s mouth (read: local planning and land use dept) if the property CAN be remediated. If it cannot, then the building(s) which sit on it have no value because they are not habitable (you still need running water for a farm or barn).
If it CAN be remediated, it’s nothing that $$ and time can’t fix, but you will NOT be able to move in right away. I would drive a HARD BARGAIN with that seller and their lender, using your professional’s reports, etc., asking for the ENTIRE AMOUNT of the remediation to be taken off your negotiated purchase price and if the bank won’t accept the deal, WALK.
This way, no one will fix it but you and your licensed professionals. You will stay in your rental 1-3 mos longer after closing and this will not be the end of the world.
November 4, 2010 at 10:30 AM #627278bearishgurlParticipant[quote=flu]Just curious scaredy, how does your wife feel about this problem? Would she be willing to walk? Serious question. I mean, I don’t think you’re being finicky this time.[/quote]
scaredy, I understand your wanting an “estate-type” property as they can be very privately situated, unusual and offer a lot of “bang for the buck” (i.e. land and unusual and expensive building materials). If I were in your situation, I would want to find exactly this type of property.
HOWEVER, many of these properties, when kept in disrepair for years, are typically purchased by licensed general contractors who have the equipment, supplies, manpower and the ability to “grease governmental palms” and know their way around an administrative hearing or two. For these individuals, the problems you describe are not insurmountable (as they typically wouldn’t move in the first few mos to a year, anyway).
I’m not saying you can’t overcome these problems. If I was you and REALLY wanted the property and KNEW I would keep it for many years, I would first find out IN WRITING from the horse’s mouth (read: local planning and land use dept) if the property CAN be remediated. If it cannot, then the building(s) which sit on it have no value because they are not habitable (you still need running water for a farm or barn).
If it CAN be remediated, it’s nothing that $$ and time can’t fix, but you will NOT be able to move in right away. I would drive a HARD BARGAIN with that seller and their lender, using your professional’s reports, etc., asking for the ENTIRE AMOUNT of the remediation to be taken off your negotiated purchase price and if the bank won’t accept the deal, WALK.
This way, no one will fix it but you and your licensed professionals. You will stay in your rental 1-3 mos longer after closing and this will not be the end of the world.
November 4, 2010 at 10:30 AM #627587bearishgurlParticipant[quote=flu]Just curious scaredy, how does your wife feel about this problem? Would she be willing to walk? Serious question. I mean, I don’t think you’re being finicky this time.[/quote]
scaredy, I understand your wanting an “estate-type” property as they can be very privately situated, unusual and offer a lot of “bang for the buck” (i.e. land and unusual and expensive building materials). If I were in your situation, I would want to find exactly this type of property.
HOWEVER, many of these properties, when kept in disrepair for years, are typically purchased by licensed general contractors who have the equipment, supplies, manpower and the ability to “grease governmental palms” and know their way around an administrative hearing or two. For these individuals, the problems you describe are not insurmountable (as they typically wouldn’t move in the first few mos to a year, anyway).
I’m not saying you can’t overcome these problems. If I was you and REALLY wanted the property and KNEW I would keep it for many years, I would first find out IN WRITING from the horse’s mouth (read: local planning and land use dept) if the property CAN be remediated. If it cannot, then the building(s) which sit on it have no value because they are not habitable (you still need running water for a farm or barn).
If it CAN be remediated, it’s nothing that $$ and time can’t fix, but you will NOT be able to move in right away. I would drive a HARD BARGAIN with that seller and their lender, using your professional’s reports, etc., asking for the ENTIRE AMOUNT of the remediation to be taken off your negotiated purchase price and if the bank won’t accept the deal, WALK.
This way, no one will fix it but you and your licensed professionals. You will stay in your rental 1-3 mos longer after closing and this will not be the end of the world.
November 4, 2010 at 10:32 AM #626570scaredyclassicParticipantYes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets washing sinks iin the yard, or maybe just paper plates and plastic silverware, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors or the govt might want to get all up in my shit. I need to research the law on humanure composting. I believe because it is not affectingcwater it us no more illegal than letting your dog crap in your yard.
November 4, 2010 at 10:32 AM #626650scaredyclassicParticipantYes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets washing sinks iin the yard, or maybe just paper plates and plastic silverware, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors or the govt might want to get all up in my shit. I need to research the law on humanure composting. I believe because it is not affectingcwater it us no more illegal than letting your dog crap in your yard.
November 4, 2010 at 10:32 AM #627206scaredyclassicParticipantYes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets washing sinks iin the yard, or maybe just paper plates and plastic silverware, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors or the govt might want to get all up in my shit. I need to research the law on humanure composting. I believe because it is not affectingcwater it us no more illegal than letting your dog crap in your yard.
November 4, 2010 at 10:32 AM #627330scaredyclassicParticipantYes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets washing sinks iin the yard, or maybe just paper plates and plastic silverware, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors or the govt might want to get all up in my shit. I need to research the law on humanure composting. I believe because it is not affectingcwater it us no more illegal than letting your dog crap in your yard.
November 4, 2010 at 10:32 AM #627639scaredyclassicParticipantYes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets washing sinks iin the yard, or maybe just paper plates and plastic silverware, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors or the govt might want to get all up in my shit. I need to research the law on humanure composting. I believe because it is not affectingcwater it us no more illegal than letting your dog crap in your yard.
November 4, 2010 at 10:34 AM #626581bearishgurlParticipant[quote=walterwhite]Yes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets was sinks in the yard, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors.[/quote]
Yes, scaredy, you need to know that. Listen to Russell and get your professionals (and the appropriate RIV Co bureaucrats) on the job ASAP!
Your escrow can slow down and wait, along with your lender taking it in the shorts. They have no choice. Your rate-lock can expire (rates are on their way down some more). Tough cookies. This is NOT a laughing matter.
November 4, 2010 at 10:34 AM #626659bearishgurlParticipant[quote=walterwhite]Yes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets was sinks in the yard, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors.[/quote]
Yes, scaredy, you need to know that. Listen to Russell and get your professionals (and the appropriate RIV Co bureaucrats) on the job ASAP!
Your escrow can slow down and wait, along with your lender taking it in the shorts. They have no choice. Your rate-lock can expire (rates are on their way down some more). Tough cookies. This is NOT a laughing matter.
November 4, 2010 at 10:34 AM #627216bearishgurlParticipant[quote=walterwhite]Yes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets was sinks in the yard, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors.[/quote]
Yes, scaredy, you need to know that. Listen to Russell and get your professionals (and the appropriate RIV Co bureaucrats) on the job ASAP!
Your escrow can slow down and wait, along with your lender taking it in the shorts. They have no choice. Your rate-lock can expire (rates are on their way down some more). Tough cookies. This is NOT a laughing matter.
November 4, 2010 at 10:34 AM #627340bearishgurlParticipant[quote=walterwhite]Yes true I need to know it can be fixed. I’ve also been reading that just not using the system for a full year can bring it back to health by giving everything time to decay. Poop in buckets was sinks in the yard, outdoor showers with a camping solar unit. No guarantees that would work but it could be fun.
Still needs to be fixable since it is possible future owners might prefer indoor plumbing to the great outddors.[/quote]
Yes, scaredy, you need to know that. Listen to Russell and get your professionals (and the appropriate RIV Co bureaucrats) on the job ASAP!
Your escrow can slow down and wait, along with your lender taking it in the shorts. They have no choice. Your rate-lock can expire (rates are on their way down some more). Tough cookies. This is NOT a laughing matter.
-
AuthorPosts
- You must be logged in to reply to this topic.