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Thursday, April 11, 2019

Pig In A Poke

A pig in a poke is an old term - it refers to buying something unseen. A poke by the way is a bag and I have no idea why you would buy a live pig in a bag, but that's just me I guess. So - we have bought a house on the other side of the country - and we have never actually seen it. And I won't say it's the most we've ever paid for a flip, but it's up there which is itself is a bit nerve wracking. Bet you're wondering how. Well, the money end was not a big one - we have a line of credit on this house which is through the bank. We can buy stuff based on using this house as collateral and then when we sell we pay it off and bank the leftover. So, essentially we can do a cash deal with the money being wired to the bank holding the property. 

And we did not really buy it sight unseen, we didn't see it but our friends Kim and Stephen did! We will be living only an hour away from our best friends so when David found the property they went out to see the place. The day they were scheduled to go Portland was hit with a major blizzard which dumped two inches of snow which paralyzed the state. No, I'm not kidding. Kim and Steve are also from LI where anything under 18 inches is considered do-able and don't be a baby so they trekked out despite the underwhelming amount of snow. Steve is a carpenter and Kim said it worked out in their favor - they took pictures of EVERYTHING, including plumbing, septic, the wiring, etc....  and it was truly workable. After we closed they went back out and ran into the owner of the ten cats - yep, that is a problem

Kim let  her know the cats have to go and she was not happy - she was the former renter and has moved in with a relative and is feeding her cats at our house! NOPE. We're hoping she has re homed them,otherwise we will have to have them trapped. Don't think I don't feel bad, but there is nothing I can do about the situation and she's had about 8 months to re home them. As to our house - we sold it in FIVE days. David and our RE Candy decided to list it so we'd have a couple of months to sell it. We had 3 offers - one was ridiculous and they seriously needed to be slapped. Full asking price but then wanted another 30,000 dollars worth of renovations with David providing the labor and us buying the materials - NOPE. Next one was similar but she had the nerve to get upset that we didn't want to work for free - NOPE. The third one came in lower, but wanted really nothing - SOLD. They have to wait til we pass the 2 year mark but that's coming up faster than you think! The first container will be here Monday and we have the basement half full of plastic bins already. The extra time will be nice so it will not be as frantic as it usually is.

2 comments:

Donna. W said...

We’ve bought baby pigs, put them in a funny sack, and brought them home. Of course we saw them, because we put them in our sack. I’d never, of course, buy a pig someone put in a sack if I couldn’t examine it.

Donna. W said...

Gunny sack that is. Stupid spell check wanted either bunny or funny