So last week I was busy writing. That is my job, by the way. I write kid and youth bible study curriculem for my old job. I love it and it allows me to stay home but last week was a writing week because I had a manuscript due. I have to be honest, it was also busy praying, thinking and deciding on a big purchase. A new house. Hold your horses, read the title, we don’t have a new house but I thought I would share the story. We ALMOST bought a house at a real estate auction. We didn’t but it was in my grasp. Here is the house…
….and here is the story. My husband and I were driving around in the area that we would one day like to purchase a home. We were not looking to buy yet, but we were driving up one of the streets that has the most wonderful old homes. You know the kind of streets they show in movies. It has character, trees, people walking their dogs. I have been told this street is the street to come down if you want to see Halloween or Christmas decorations We drove up the street with the intention of thinking….someday but probably never. We couldn’t afford one of these houses right now. Then we saw the sign. The picture doesn’t show it but there was a sign in the yard for a real-estate auction. We looked it up on my phone…thank you smart phone…. and there it was, going up for auction with no reserve.
What is no reserve? That means the house does not have a certain price it has at least get to in bidding. It means that the house could go for $1 or $1 million..wherever the auction takes the house price. We called immediately to go see the house. A week later, we were in the house. REHABTASTIC! Awesome. It did has some negatives but location was the key and if we got it at the right price we could right some of those wrongs. Let me show you first rehab that would have been done. The Carpet:
The good news was there was hard wood floors underneath.
Here were the Pros of the House:
- Big but not huge. The picture looks really stately but its an old house so it really wasn’t that big. Very manageable and one that we could grow into
- Location, Location. People give their right arm to get into this neighborhood.
- This house needed lots of work so we knew it would not be valued the same as the other houses. The houses around it were selling for much much higher than what we thought it would go for. This had the potential (at the right price) to be a great investment.
- I could make it my own. Many of the houses in this neighborhood have been renovated.
- It had built-ins and tons more built-ins. Awesome
- Hardwood floors….everywhere. They just needed to be refinished after we pulled up the carpet.
- Large Rooms
- It had Central Heat and Air. Most of these old houses have radiant heat. That was a huge cost we didn’t have to put into the house
- It had a new roof.
- The kitchn was a small galley kitchen. These are expected in these homes. People didn’t want big kitchens in the 1920s. We were thinking of opening up the wall between the dining room and kitchen to make the kitchen feel more open.
- One bathroom upstairs….no master bathroom. There WAS room to put a master bathroom so we were thinking that would have to happen.
- Three bedrooms. I would like 4 to have room to grow with guests. There was a study on the main floor that could have had a sleeper sofa for our guests. There was also a bathroom off the study if we ever wanted to close make it a fourth bedroom.
- House had the most awful textured plaster. I don’t mind plaster but the texture was bad. It is also extremely expensive and time-consuming to change to drywall. This was almost the deal breaker but we thought we could change it over time and I had other ideas to camouflage it.
- The house had old wiring. We would have to fix this. It would be a huge cost.
If the price was right the Pros far outweighed the Cons. IF THE PRICE WAS RIGHT being the key phrase. We decided we were going to try for it. We looked online to get the auction details and saw that my husband was going to be out of town that weekend….and he could not change it. He looked at me and here was our convo:
Lee: “You can go and bid.”
Me: ”WHAT! I don’t know what I am doing.”
Lee: ”You can do it, I will help you.”
Me: ”I don’t think I can. What if I don’t understand them and put in a wrong bid.”
Lee: ”Just pay attention and ask the auctioneers what the bid is before you bid. Come On, it’ll be good for you.”
Me: ”Okay, I will do it.”
So stay tuned until tomorrow. I am going to tell you how little ole me almost bought this house.
Thanks for reading,