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Last post 9 months ago by watchurai. 22 replies replies.
The Bank Finally Accepted Our "Short Sale" Offer
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dpnewell Offline
#1 Posted: Sun, May 20 2012, 8:59 PM EST
Joined: 03-16-2009
Posts: 6,600
8 year old, 1650 sq. ft. off frame modular (not doublewide), on 1.5 acres in NW NC. 3 bedroom, 2 bath, with large FR and fireplace. 34' x 12' rear deck, 24' x 8' front porch. Located part way up the Blue Ridge mountains, 10 minutes SE of the Blue Ridge Parkway, and 15 mintues west of Mt. Airy (the town where Andy Griffith grew up and based Mayberry on).

Offer was for 40% of current tax value, and over $80k less then orginal listing of less then a year ago (about the price of a luxury car).

If all goes well, settlement will be mid June. It will be our second home for the next couple years as it's cheaper then the rent we're currently paying at the campground. Once we get my parent's situation figured out, our house sold, and my business shut down, we'll be out of Jersey for good. Can't wait!
Newhouse.jpg
errasa Offline
#2 Posted: Mon, May 21 2012, 12:15 PM EST
Joined: 06-17-2004
Posts: 4,907
That's my kind of neighborhood.
Nicar Offline
#3 Posted: Mon, May 21 2012, 12:25 PM EST
Joined: 03-18-2010
Posts: 14,713
dpnewell wrote:
8 year old, 1650 sq. ft. off frame modular (not doublewide), on 1.5 acres in NW NC. 3 bedroom, 2 bath, with large FR and fireplace. 34' x 12' rear deck, 24' x 8' front porch. Located part way up the Blue Ridge mountains, 10 minutes SE of the Blue Ridge Parkway, and 15 mintues west of Mt. Airy (the town where Andy Griffith grew up and based Mayberry on).

Offer was for 40% of current tax value, and over $80k less then orginal listing of less then a year ago (about the price of a luxury car).

If all goes well, settlement will be mid June. It will be our second home for the next couple years as it's cheaper then the rent we're currently paying at the campground. Once we get my parent's situation figured out, our house sold, and my business shut down, we'll be out of Jersey for good. Can't wait!



As long as it has enough space, and it's right price.. who cares if it's either. Looks like a nice spot and sounds like you'll enjoy it. Congrats!!
dpnewell Offline
#4 Posted: Mon, May 21 2012, 12:36 PM EST
Joined: 03-16-2009
Posts: 6,600
Nicar,
I wasn't diss'n doublewides, as we looked at a lot of them. Most of the ones in our price range had been trashed and would have required windows, sheetrock (holes kicked in walls), new kitchen and baths. Many where not set right, where sagging, not lined up front to back, etc. This house was newer, better built, properly set, on a real foundation, better neighborhood (horses, cows & sheep for neighbors) and the foreclosed pervious owners didn't trash it before they left. Shows they had class.

Still can't believe the bank accepted our super low ball offer. As I said, we will have gotten this for the price of a nice car.
dubleuhb Offline
#5 Posted: Mon, May 21 2012, 12:48 PM EST
Joined: 03-20-2011
Posts: 10,899
I would live there, nice!
Nicar Offline
#6 Posted: Mon, May 21 2012, 1:01 PM EST
Joined: 03-18-2010
Posts: 14,713
dpnewell wrote:
Nicar,
I wasn't diss'n doublewides, as we looked at a lot of them. Most of the ones in our price range had been trashed and would have required windows, sheetrock (holes kicked in walls), new kitchen and baths. Many where not set right, where sagging, not lined up front to back, etc. This house was newer, better built, properly set, on a real foundation, better neighborhood (horses, cows & sheep for neighbors) and the foreclosed pervious owners didn't trash it before they left. Shows they had class.

Still can't believe the bank accepted our super low ball offer. As I said, we will have gotten this for the price of a nice car.



So... which gars you get to buy to celebrate.????
riverdog Offline
#7 Posted: Mon, May 21 2012, 1:19 PM EST
Joined: 03-28-2008
Posts: 1,617
Excellent David!!!!!!!!!!!!!!! That's a really pretty area and close enough in to run to the store but far enough out to have privacy. Good on ya my friend.
dpnewell Offline
#8 Posted: Mon, May 21 2012, 2:40 PM EST
Joined: 03-16-2009
Posts: 6,600
^Jamie,
It's about 7 - 8 minutes west of the 77/89 interchange. Probably 30-35 minutes north of you. Guess we'll be neighbors soon.

Biggest problem will be where to look for work. Looks like Elkin, Mt. Airy or Galax, VA. A little too far for Winston, Statesville or North Wilksboro. We trusted God to provide a place for us, and He gave us more for our money then we ever thought possible. I'm sure He'll supply work, too.

I guess working at that competitor's outlet store in Statesville is now out, lol. Didn't really care for their product mix, anyhow.
dpnewell Offline
#9 Posted: Mon, May 21 2012, 2:41 PM EST
Joined: 03-16-2009
Posts: 6,600
Nicar wrote:
So... which gars you get to buy to celebrate.????



I'm more concerned with you being low......
Burner02 Offline
#10 Posted: Mon, May 21 2012, 4:48 PM EST
Joined: 12-21-2010
Posts: 1,861
Congrats on the new digs, beautiful part of the country.
Rclay Offline
#11 Posted: Mon, May 21 2012, 5:14 PM EST
Joined: 10-30-2006
Posts: 1,813
Nice! sounds like a steal. we'll show up and break in the toilet for you. Might want to invest in superflush.

Looks very nice though, living so close to the mountains is a dream.
skarpachi Offline
#12 Posted: Mon, May 21 2012, 8:33 PM EST
Joined: 12-23-2009
Posts: 678
Congrats!

I just went through that whole process within the last year. I put my bid in on the house on Labor day weekend last year and finally moved in around Valentine's Day. So I know exactly what you are going through. Good luck the rest of the way. From approval to move in it was still a 3 month wait.
jimbud Offline
#13 Posted: Mon, May 21 2012, 8:47 PM EST
Joined: 12-18-2009
Posts: 3,626
Congrats! Looks like a great place for a heck of a deal. You're cigar buying prowess seems to have served you well in other areas.... Cool re: Mt. Airy. The Andy Griffith Show is one of my all time favorites. I still record it a few times a week on my DVR. Awesome, relaxing show. I think they still hold a festival there every year.....
TMCTLT Offline
#14 Posted: Tue, May 22 2012, 3:57 AM EST
Joined: 11-22-2007
Posts: 11,442
Dave, that's friggin awesome news...looks like a beutiful area man. Congrats to he both of you!!
dpnewell Offline
#15 Posted: Tue, May 22 2012, 5:09 AM EST
Joined: 03-16-2009
Posts: 6,600
Thanks everyone. We're real excited. My realtor is waiting for some "property reports" that the bank has. Hopefully there is nothing in there that will make us want to back out.
Ram27 Offline
#16 Posted: Tue, May 22 2012, 9:13 AM EST
Joined: 04-30-2005
Posts: 38,595
dpnewell wrote:
8 year old, 1650 sq. ft. off frame modular (not doublewide), on 1.5 acres in NW NC. 3 bedroom, 2 bath, with large FR and fireplace. 34' x 12' rear deck, 24' x 8' front porch. Located part way up the Blue Ridge mountains, 10 minutes SE of the Blue Ridge Parkway, and 15 mintues west of Mt. Airy (the town where Andy Griffith grew up and based Mayberry on).

Offer was for 40% of current tax value, and over $80k less then orginal listing of less then a year ago (about the price of a luxury car).

If all goes well, settlement will be mid June. It will be our second home for the next couple years as it's cheaper then the rent we're currently paying at the campground. Once we get my parent's situation figured out, our house sold, and my business shut down, we'll be out of Jersey for good. Can't wait!







Key word here is ' MODULAR', NOT ' MOBILE'.Anxious






Good luck & congrats...............Herfing

glongoria Offline
#17 Posted: Tue, May 22 2012, 2:23 PM EST
Joined: 01-29-2009
Posts: 373
Congrats. If you have any problems with critters There's a gal on the otrher post that can catch them by hand.
dpnewell Offline
#18 Posted: Fri, Jun 22 2012, 10:45 AM EST
Joined: 03-16-2009
Posts: 6,600
We settled this morning. House is ours. Have to smoke a good one on the porch/deck to break her in.
riverdog Offline
#19 Posted: Fri, Jun 22 2012, 10:51 AM EST
Joined: 03-28-2008
Posts: 1,617
Congratulations neighbor!!!!!!!!!!!!!!!!!!
Mrs.Tank Offline
#20 Posted: Fri, Jun 22 2012, 10:56 AM EST
Joined: 02-15-2005
Posts: 8,662
Nice
chemyst Offline
#21 Posted: Wed, Aug 29 2012, 1:08 PM EST
Joined: 05-29-2006
Posts: 1,670
Get that wood stove cranked up!
It's cold in them thar mountains, in winter.

Lots of potential in that house, imho.
I see a nice deck with awning, heated workshop
w/ smoking room, etc

Any acreage? Trees?

Dantes crew will be down for a herf sometime.

You rich "Yankee"s stealin' from the South, again.
Carpetbagger!

Chemyst Cool
watchurai Offline
#22 Posted: Wed, Aug 29 2012, 1:23 PM EST
Joined: 09-17-2008
Posts: 7,165
SEE what being a tightarse on the bids will win you in the long run w/ the saved pennies?

Nicely done, bro!
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