As much as I loved the house, and the land was good in that it had a good mix of pasture and woods. We put in an offer at less than the list price and asked for closing costs and waited.
When we did hear back, it wasn't good. Reverse mortgage...the bank would have to approve.
Last thing was there was a big doubt that the bank would take our offer and wouldn't pay closing costs. We already know we'd need to build fences and do something about adding a commercial kitchen and to find out that they wouldn't be able to accept our offer as it was, and we'd have to offer more which would put us at the top of our price range....well, it's a no go. We won't be pursuing that property.
When we did hear back, it wasn't good. Reverse mortgage...the bank would have to approve.
Last thing was there was a big doubt that the bank would take our offer and wouldn't pay closing costs. We already know we'd need to build fences and do something about adding a commercial kitchen and to find out that they wouldn't be able to accept our offer as it was, and we'd have to offer more which would put us at the top of our price range....well, it's a no go. We won't be pursuing that property.
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