A Happy Opportunity

We may have found our new house!

I know that I'm very lucky. My grandfather has offered to let me borrow against my inheritance for a particular property. Why bother with the bank at all? Well, my inheritance doesn't go very far with the recovering housing market.

This house though, is very economical and within the inheritance amount. The bank won't even lend to us with how cheap the property is.

Here's the good: It's on two acres (my preferred size), it has two complete hook-ups, which means we can live on one hook-up while we build our other house, it has a huge single wide trailer currently on it can be made livable fairly easily, the kitchen is huge, and the lot is relatively clear of cactus.

Here's the bad: The floor needs to be rebuilt in half of the kitchen, along one wall in the living room and in the spare bathroom. Additionally, there's a whole in the ceiling (but the roof looks fine), it needs a new cooler, the kitchen has no counter space (but is big enough to build an island), the carpet in the second bedroom needs to go, the property needs to be fenced and...oh yeah, there's no electricity.

Okay, well, there's electricity to the box, but the electricity from the box to the house has been cut because it wasn't up to code.

So we have an electric inspection in a few days. We're going to get an estimate on the repairs involved and then hopefully next week we'll be ready to make an offer!

I'm so excited. I've been looking at houses for so long (3 years!), I just keep anticipating getting a call from my realtor that someone has bought it our from under us. That shouldn't happen though, because she has the only copy of the keys. Still, in the back of my mind, I'm worried about someone buying it sight unseen.

Pictures will be posted if we decide to put in an offer!