So unfortunately, Jordan and I had to let the house go that we had put an offer on. The list was for $250,000 which was our offer but to get the house where it needed to be would have been about $90,000 in renovations (with a LOT of sweat equity). After doing an appraisal, we found out that it would only add about $20,000 worth of market value.
We didn't think it would be 100% of the reno, but it needed to be at least 50% to make it worthwhile.
So...we move on.
Jordan has two houses lined up for us to look at on Sunday.
Sounds like you've made the right decision.
ReplyDeleteI hadn't been reading blogs in a while, life got super busy, but I always enjoyed yours... CONGRATULATIONS on the baby :):):) really happy for you guys!
Thanks so much! Life is crazy right now, but we're really enjoying it.
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