Saturday, January 21, 2006

January 21st, 2006

Well we had the full inspection last Thursday. It confirmed some things that we had been told already in the mini inspection that we had prior to making an offer. Basically they are things that you would exepct in a 50-year old house that probably hasn't had serious maintenance in 15 years and has been empty for 7 months. There's poor drainage (from clogged gutters and bad grading) and some water leakage in places like the chimney flashing and some rotted wood (base of garage frame and one window sill). Some stuff to bring it up to code (no GFCIs etc) but nothing huge. There's certainly plenty of work but I am still excited about getting in there plus checking my rental lease - I had forgotten all about the $2,000 secutiry deposit I paid - so that'll buy a few repairs!!

Bob is on the road so he will read the inspection tonight and then we'll confer. We want to close on Feb 24th so if we decide to go ahead I can chat with our broker tomorrow and then shop for mortgages Monday and Tuesday. A local bank - Ridgefield Bank - has given us the best offer so far - if they come through with the 2nd mortgage for just prime seeing as I have a brokerage account with them.

So I've been making up a project list and looking at the new kitchen plan and trying to read up on home repair! We both want to just get in and get on with it. Still keeping fingers crossed as don't want the sale to fall through.

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