Offer Acceptance
Wed, Dec 20, 2017Well, he countered quickly. He came back at full price, but with a caveat. According to the seller, the HOA recently increased HOA dues by $50/mo for a 10 year period. This is to pay for repaving some older original roads in the community that are deteriorating (they are ‘hardpack’ now). He offered to discount the sale price by the amount of this special assessment. There was some feedback passed along that he was firm on price, and was willing to hold out for spring to get it.
I think it’s easy to forget the forest for the trees in these kinds of situations. We had found a really good lot. One far better than any others currently for sale. The area will always have a fixed number of lots. There aren’t going to be additional plots of lands going up for sale around the lake since its national forest land. And as time goes on, getting a vacant lot will become more difficult. As it stands now, once a house is on it, we won’t be able to afford it anymore anyway. Most houses in Morgan Creek are valued at $1M or more.
So we could continue to try to negotiate back and forth over what was just a few thousand dollars at this point, or accept the counter and move forward with our plans. And like I said, we were already prepared to pay full price. We wanted this lot.
The counter offer came in at 1pm, and we accepted at 3pm. Assuming US Bank pulls through for us, we’ve got ourselves a lot!
We’re headed to the Windermere office on Saturday to hand over escrow money and sign some paperwork.
Now that this part is over, we need to move fast on everything else. We want to begin construction in the spring and try to get the place waterproof by next snowfall. There is so much to figure out, and we don’t even know everything we need to do yet!
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