FINALLY, the Bank responded! Now the fun stuff starts.

By
Home Stager with Colorado Premier Staging, LLC

It's been quite a roller coaster ride with the bank owned property we have been trying to purchase.  We had the winning bid, so we had the inspection and radon testing completed.  Ouch!  The radon level AVERAGED 19.5 (safe level is below 4), the furnace was shot - wouldn't even turn on and the roof had hail damage.  Obviously these were issues that were not obvious when we did our walk through for our initial bid.  So, we went back to the bank and said - Whoa!  We need to renegotiate or we'll have to bail.  Well you would have thought we were from outer space or speaking Greek!  

We have spent the last several weeks either trying to get an answer or to see the logic behind the answers that we were getting from the bank.  Like, "When the appraiser comes back and tells us that there is a problem with the roof or furnace, then we'll talk a price change." 

What???  When does an appraiser ever check to see if there is damage to the roof, if the furnace works or what the radon level is.  Well, our fantastic Realtor, Sandi Hewins, continued to persevere.  She asked that same question, continued to push the issue and ended up getting some folks riled up when she asked for the form to get our earnest money back.

11:30 a.m., Wednesday morning the bank came back with their "final offer".  They gave us 5 hours to respond.  (This is after taking over 2 weeks to respond to our requests.)  Their offer was still too high for the repairs required so we countered with our "final offer".  (Within the 5 hour period by the way.) 

Finally today, they came back and accepted our offer.  Phew, now that the hard part is over we can get on with the fun stuff.

Let's see, we need tools to remove the 30 + year old carpet and linoleum,

Gotta find the number of the radon remediation guy,

Check out roofing companies, see if we can get it done for less,

Call the heating and air conditioning guy,

Buy DYI book on how to remove cork and mirror tiles from the walls .............

 

 

Living Room

 

 

Have you thought about starting a new career?  Are you good and redecorating your home and your friends' homes?  Want to work for yourself? We can get you started in a career in Home Staging.  http://www.coloradopremierstaging.com/services.html -Get your FREE DVD Today!


Teri Clardy, PMP &
APSD Certified Home Stager, Vacant & Distressed Property Stager & 
APSD Home Stager/Stager Pro Trainer
 
Colorado Premier Staging, LLC
"We Specialize in Staging Vacant & Distressed Properties"


Posted by

If you are in the Denver Metro Area, give us a call. We can help with all your Home Staging needs including Vacant Home Staging, Curb Appeal and Color Analysis.

303-263-5354

 
Teri Clardy, PMP &
APSD Certified Home Stager, Vacant & Distressed Property Stager & 
Home Stager Trainer
 
Colorado Premier Staging, LLC
"We Specialize in Staging Vacant & Distressed Properties"
 
 
 

 Are you ready to start YOUR  new career in Home Staging?

Get your FREE CD Today!

http://www.coloradopremierstaging.com/services.html 

 

 
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Anonymous
Michele Norris, Incline at Tahoe Realty

Hi Teri,

What a tale. Wow. Hopefully you're get a great deal, in the long run. Nice to hear that your Agent really went to bat for you. Keep her! Michele

Aug 13, 2011 04:28 PM #1
Rainer
161,490
Teri Clardy
Colorado Premier Staging, LLC - Littleton, CO
APSD Certified Home Stager Pro

Thanks Michele, So far it looks like it should be a great deal.  Of course as the old saying goes, the proof is in the pudding.  So we'll see what happens when we actually get to fix it up.  And we will definitely keep Sandi!

Aug 14, 2011 03:12 AM #2
Rainer
151,481
Wendy Tomm
Beyond the Walls - East St Paul, MB
CCSP, RESA-PRO, BBB - Wpg Realtors

Nice story and heck this one has it's work cut out.

Nov 22, 2011 01:44 AM #3
Rainer
161,490
Teri Clardy
Colorado Premier Staging, LLC - Littleton, CO
APSD Certified Home Stager Pro

Thanks Wendy.  We're making progress!!

Nov 22, 2011 04:45 AM #4
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Rainer
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Teri Clardy

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