New Hopeful Not Good

We just got back from OR. We viewed 5 properties, Griffin being one. The Griffin house was spectacular but the access and property way too steep. Yes, it is on a mountain. It is ~20 degrees colder than the valley. It would be great if we were 20 years younger but we will be in our 60's when we fully retire and this property is not a good choice...

New hopeful found!

Here is a link to a pdf of pictures:

Griffin Lane Pictures

Contract Canceled

Well folks, we canceled the contract. I talked with the BLM folks (Bureau of Land Management, Department of Interior) and they said that the house will have to be removed or at least the part that hangs over the property line. Feel bad for the owner... Glad I ordered a survey...

I guess someday I'll update this blog when we have a new property on contract.

Property Survey Bummer

We had a survey of the property started because we noticed that Google Maps showed the house very close to the property line and we plan to build a drive through garage near the house. Well, as it turned out the house is actually ON the property line. The property that it encroaches on is government property so we are now in the process working with the government to get this fixed. The onus is actually on the seller but we want to be involved because this may be an opportunity to pay less for the property.

We are also having fun with the loan company, USAA. They want current updated statements of some of the accounts and some of the accounts issue statements quarterly. The next statement cycle will be early May (first quarter 2011). Working with our financial adviser to get statements.

Loan Approved!!!

USAA has approved the loan and is moving forward. They expect to be ready for closing no earlier han 21 March.

Contract Accepted!!

Seller accepted the contract we sent. Unfortunately the document resolution is too poor to be usable, will have to wait till the seller can get us a better quality document...

Contract!!!

Well, we just signed a contract for $525k on the property. Let the bidding begin!!