Quote:
Originally Posted by Urrtoast
...lol a million for a house... hahahaha right keep dreaming ...lol
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Late last year I started looking for detached homes in North Van. One popped up, I was out of town and the price was right, I sent my parents to see it. My dad is in construction so he took a quick look around, wasn't much to see the house itself is a raging piece of shit, but the land was still worth it, 50x100 foot lot. Location is decent (just off lonsdale and within 3 blocks of the highway).
I put in an offer without any conditions, and no further inspection. The offer was for full asking. Sellers accepted and I took possession 30 days later which ended up being January 1 of this year.
The price was a hair over 1 million. (less than 1.1).
Realtor I dealt with phoned me two months after I got the place and told me if I wanted to sell it I could get 1.3 for it, I said no. I'm holding on for the ride.
I took a big risk not putting a condition of financing, and it worried me slightly. But in the end I got the mortgage I needed and everything went smoothly...
So far the only hiccup has been that the house has Knob and tube wiring (which gives you an idea of how old and crappy it is). Oh well, plan is to tear it down and build a nice house when I have the funds available.