Thanks Curtis!!!
Full stone Michigan Basement that is in good shape, no wet spots or any issues visually.... Its actually clean too!!

We offered 80K but she came back with 147500.... Maybe we ticked her off so were going to wait and come back with 110 or 120 whichever we can afford and let her sit on that for awhile... NOTHING is selling in the area and homes for sale are popping up everywhere!! We spent most of friday night driving around looking at homes for sale... they are either too much or they are shat holes.

As far as size eventually we'll have a family so that extra space will be needed!!

My banker just had a kid so there is a hold on the paperwork to see if we can get approved and what the numbers will be.


here are some more pics:


parlor will be torn down



in the big barn



lagoon & back of barn concrete



hopefully we'll get the home

 

Man for that price, i wouldnt even negotiate....

It would be 1.5m-2m here, and 30 people fighting over it! Man thats nice! Your offer seems too low though, most times 10-15% less is considered a genuine offer, coming in at 90k wont get her attention at all.

 

You really have to understand our economy around here right now. As Ian said earlier nothing is really selling around MI. I would offer up 92 - 97,900 don't make an offer an even xx,000 ammount. always put a simple xx,798 or something to attract their attention to the actual number instead of maybe going in 1 ear and out the other with no stop in-between other than to say NO!

Good Luck Bud

 

In Mitchell, SD that would be pretty close to what that type of acreage would sell for. The assessed value and the appraised value are usually two very different numbers. My house (pretty crappy) appraised for 52,000 when I bought it, and only assessed for 28,000 with .6 acres when I bought it 7 years ago and I financed 49,500 of 50,000 purchase price. My point I guess is that usually the assessed value for taxes is usually way lower than what you would likely have to pay on an older residence.
Like they said, farmers are notorious for doing lots of their own stuff. If there are additions, there is a good chance that it was cobbled together. I personally wouldn't blow insulation in the walls (too much settling, just my opinion). I would replace the windows with some good Andersens or something of similar quality (DO NOT go cheap with windows and doors, it will bite you later) and reside the house with cement board siding and some quality housewrap. Later you can tear the plaster and lathe off of the inside and reinsulate, poly, and sheetrock the walls. Also, if the heating system needs work, think about going with an electric heat pump and switching most of mechanics to electrical. I guarantee propane isn't going to get cheaper ever.
Just my thoughts. Oh, and take a carpenter in like has been said to look at the foundation before anything. That is one of the most important parts of the house.

Josh

 

Its been on the market for a year and NO offers, the realtor said shes shown it a couple times but no real intrest..... thats how I came to the low ball number. Granted if the economy was greater it would surely sell but we'll let her sit on it and pay the morgage as well as her rent or 2nd morgage.

Amber wont let me look at a house thats a foreclosure and the water pipes burst.... unfortunately its across the road from our office manager whom shes not fond of. granted it has a actual pond and only 2 acres plus a garage that needs to be torn down... but if we could get it for around 40k then put 20k into it I think it would be nice..... but she says no

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farmer renovations- the barns are cobbled as far as shelves and stalls but the house is in good shape.

If we were to own the home Id start upstairs and gut it room by room, new insulation, sheet rock, ADD A/C duct work, and electrical.

 

I still think its a hell of a buy...man I wish I could find anything close to that up here.

 

Me too. I might have to think about moving.

Just need to find a job.

That looks like an awesome place. Good Luck...

 

one thing if you are going to do siding is look into insulation factor, cost, and value, and the ability to make it look good.

i would have gone with Hardy board on my 1904 house but NOTHING was straight/square/plum/ or flat enough to make it look good. granted the hardy would have held more value in the future but the labor would have been twice as much as it would require installation labor then caulking and painting. then painting however many years in the future when it needs it......

i opted for vinyl siding, the second to the thickest available on the market. we also put 3/8 inch foam insulation board up first and then the vinyl. total cost was less, cost was way less for materials and to me it made a world of difference in the total look of the house being able to float out the vinyl to eliminate the waves in the walls and the electric bill has also decreased too.... we are averaging 80-90 bux a month with everything electric, central h/a, stove, dish washer and water heater....... we blew in insulation in the attic though and that seemed to help alot too.....

i'd weigh all options before you decide on one thing or another..... and it never hurts to think outside the box on some things......

oh and i'd be on that house like a pack of dogs on a 3 legged cat......

 

anything new ?

 

we made another offer last week, and the Realtor commented about a "Short Sale" for the seller.... She was going to talk with her and find out if that might be possible but so far no word back.