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    Remodeling: Buying and Updating a Foreclosure
    Remodeling: Buying and Updating a Foreclosure
    Remodeling: Buying and Updating a Foreclosure
    Ebook30 pages37 minutes

    Remodeling: Buying and Updating a Foreclosure

    By Joy V. Smith

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    About this ebook

    One woman and her family sold their home finally--after dropping the price a few times--and then had to find a new home so the new owners of her old house could move in; and then they had to remodel and landscape a really neglected house. Their story is told in diary format and should be helpful to anyone coping with a remodeling project. You have to be flexible and realize that schedules change, materials can be out of stock, deliveries can be delayed, and suppliers can make mistakes.

    LanguageEnglish
    PublisherJoy V. Smith
    Release dateJul 6, 2011
    ISBN9781452433189
    Remodeling: Buying and Updating a Foreclosure
    Author

    Joy V. Smith

    Joy V. Smith has been writing stories since she was a kid and made her own little books. Her stories and articles have been published in print magazines, webzines, and anthologies; and her SF has been published in two audiobooks, including Sugar Time. Her books include Strike Three, Sugar Time, Taboo Tech, Detour Trail, Building a Cool House for Hot Times without Scorching the Pocketbook, and a collection of her published short stories: The Doorway and Other Stories. Her ebooks include Hidebound, Velvet of Swords, Cold New Planet, Pretty Pink Planet, Hot Yellow Planet, and Remodeling: Buying and Updating a Foreclosure. She lives in Florida with Samwise Gamgee, a Chihuahua cross, and Pemberley, a tortoiseshell cat.

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      Book preview

      Remodeling - Joy V. Smith

      Introduction

      Our house was on the market for a few years--and we had dropped the price more than once in this depressed real estate market--when we finally got an offer. It was lower than our current list price, but it was for cash, and as our realtor told us--in this market and with cash you can still buy a good house. (We had wanted to build, however.) Still, we were ready to move on--before another long summer of mowing five acres in the hot Florida sun.

      Our closing went pretty fast and so did our house hunt, though I had despaired after looking at the first two houses in the in-town neigborhood where we wanted to relocate. The house we liked was a foreclosure that needed a lot of work. It had been empty for a long time, and as we learned from neighbors, had been a rental for a while--which explained all the mail we received addessed to a whole bunch of different people.

      We made an offer to the bank, and they sent us a counter-offer immediately. We went with that. Sold! This closing also went fairly quickly though we'd been warned that it could take a while. At least it wasn't a short sale, which I learned could take weeks or months and end in a refusal and loss of months of time that could have been spent looking... Now began the packing and culling. Here's the short story of the whole selling, buying, and remodeling process.

      Selling our house: Report #1

      Monday, January 17, 2011

      Our house has been for sale for a long time--a very long time, but after dropping our price once again this month, we had two lookers scheduled for the same day, Saturday, January 15, 2011. The first party made a verbal offer for cash, but it was lower than our asking price. We did query the realtor about a counter-offer, but apparently the buyers weren't interested, and they gave us a deadline on the same day. And so the second showing was cancelled. I wasn't even home, so the family had to track me down via phone, and we discussed all the variables. What is the right thing to do?! Well, January 17, Monday, we signed the acceptance papers at Exit Realty (a beautiful old home); and the house inspection was scheduled for Jamuary 20, Thursday, but Mr. Carroll, who is a contractor, will do his own inspection. The closing will depend upon that. And then we start looking at houses and making more

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