It is an older home (by Pacific Northwet standards), built in 1990, but it seems to be in great shape. As part of the sale, we will do a detailed inspection to ensure that the foundation, roof, plumbing, wiring, etc are all in perfect order - consider this a $500 "peace of mind" insurance.
The house seems to have a colorful history as it currently sits in foreclosure - we are not too happy about that (not happy memories, I am sure). The previous owners also left the house in the final stages of a remodel. Since the bank nows owns the house, nothing has been done for the past 12 months. As a result, some remodel work will need to be completed before we can move in.
The house market in this area is very active; few homes remain on the market after 4 weeks, and most are sold within 2 weeks. Our previous two homes both sold on their first day on the market. Yet this house has been listed since November 2004 and the list price has been reduced by 25% over the course of the past 18 months - a worrisome sign, or a hidden gem?
We made an offer 15% below asking price, and after much negotiation - all centered around the unfinished remodel and the long time that it has been on the market - the seller (a bank in this case) has accepted our offer!
The deal is still contingent on financing and on inspection, but we have our fingers crossed that it will all work out!
Here is a picture of the house taken just yesterday.
More photos can be found on this iWeb .Mac Site.