I am very excited right now! I have always had a dream of being able to purchase a home for my parents. My parents home is in terrible condition and has been since I can remember. They were looking for a small cottage in a wooded area with full amenities. Now I am not in a position to purchase a home for my parents but I am in position to make financing available to them in order to facilitate the acquisition of real estate.
My parents could not find anything in their price range (60k) that they really liked. One day I was looking through the local MLS service website for a client of mine. He too was looking for a property in a relatively low price range. I accidentally stumbled across a perfect home for my parents. It is a small 2 bedroom home with full amenities. The entire inside is completely finished with knotty pine, The kitchen floor is flagstone tile, everything on and in the property is included with the purchase price; It is absolutely gorgeous. As soon as I stepped out of the car when I went to check it out with my parents and the Realtor all I could smell was fresh air, pine, and the sweet smell of blue berry bushes. Fishing, hiking, canoeing, and camping are all available on the property. 10 minutes away by car there is a golf course, recreation center, and VFW (perfect cause my dad is a vet). The property is in Mountain View, NY.
I cannot emphasis how much I love this place. The best feature of the property is its price. It had been on the market 632 days prior to my parents scheduling a viewing. The price was reduced twice and no one took any interest in the property. The price tag was $49,900. With 6% seller's concessions which is what I can approve my mother for and what is written into the contract the price is only $52,800.00.
My mother did not want to negotiate the price, she feels like she is getting a steal of a deal and I agree. We are closing on the 8th of Oct. I am going up with her for the following weekend to help her move in. If it is still nice outside I am going to camp out back at the base of the mountains. I cannot wait.
Although I am not purchasing the property for my mother I feel like in a way I am accomplishing my long time goal of providing a better home for her.