Monday, April 6, 2009

New developements, kind of.

The lawyer we talked to a couple of weeks ago suggested that we ask the state for some kind of payment plan. We’ve tried it before, and were told that the state is not in the real estate business. But, we decided what heck! Why not try again? The worst thing that could happen is they’ll say no again. Well, she didn’t say no this time. Wonders of all wonders! She told us to send an offer. So, we did. We based it on the $15,000 they had previously offered. The reply was nope, if you’re going to make payments we want $30,000. Ok, I get that $30k seems reasonable for a house on one acre. What she does not fully understand is that this place is not worth that much money. It is a 70’s vintage trailer that is in pretty bad shape. Plus, it’s kind of a funky neighborhood. We had a realtor out here about 2 years ago and she said she might get $20K. It could take another $5,000 - $10,000 to make this place worth much more than $15,000. And then, of course, there’s the economy to consider. So, we’re mulling it over. I think we’re going have to make a counter offer. We’re only at the beginning of this stage of the game. It’s exhausting, but were still in it! We’ll see what happens next.

2 comments:

Mayberry said...

Good luck! Hope everything works out for the best....

Abraham said...

Acquire evidence. Pay for an appraisal. Get a realtor to give you values. Look at comparable sales. Check out what similar places are assessed at by the municipality.

Check out this website - http://www.zillow.com/