House Update.

So, inspections are done, and turned up nothing that would give me cause to “run, don’t walk” away.  It’s a 25 year old home, and as such has things that need doing.  I made a list, checked it twice, and submitted an amended contract to the seller.

And waited nervously.

One of the things I did want taken care of was the roof, which had about a year-and-a-half of viable life left to it, and showed damage from hail and trees.  This was a point of contention with my insurance company, and as such an important issue with me… an expensive issue.  The seller has to be well aware of the condition of the roof (as it was quite obvious), and the property was a rental, and I’m sure he was reluctant to put any more into it than was strictly necessary.  So, my request for funds for a new roof were likely not to be a surprise.

So, along with the amended contract I submitted a letter from my insurance company basically stating that any policy they issued me would indeed be very temporary, and replacing the roof was a condition of a long and healthy relationship with them.  I also got quotes to have the roof redone and submitted those as well.  I asked for the sum of cheapest of the two quotes to be paid into escrow, to be paid directly to the roofer upon closing.  I also asked for a number of other necessary repairs.

They agreed to pay in full for the roof repair, and offers a sum of cash to cover the cost of the other repairs, and I could do them myself.  Deal!

I’ve signed off on the above amendments to the contract, and sometime tomorrow it should be filed with the title company.  Once that happens, I am on the fast track to actually buying this house.  Now I need to lock in my interest rate and finish the mortgage process (which I was pre-approved for).

Should all go well, I close on April 30th.  I’m more than a little excited.  Nervous too.  But hell, I’m one door-slam away from going homicidal on my downstairs neighbors, so this is for the best.