We looked every weekend for a solid 6 months to find “the one”. We considered anything with at least 10 acres and if it had a house, the house had to be no more than 1500 square feet (sf). Ideally we wanted around 1000 sf, one that would allow us to pursue our dreams so we looked at every thing within 45 minutes of my work. There some were pretty ones and others were pretty ugly. We were leaving a showing at another house when we saw the for sale sign on “the one”. We pulled in the driveway and walked right past the house to the pasture. I fell in love. The pasture was exactly what I wanted and there was a house! I was ready to make an offer before I even went into the house.
Our lovely and very patient agent (Laura Hall) called the listing agent. The house had been on the market for almost a year with little to no interest because the seller was only selling the house, not the land. WHAT? That’s crazy. We wanted the land. Laura suggested making an offer contingent on the owner selling us all the land. I told you she was great, right? So that’s exactly what we did. We offered slightly over the asking price for the house and all the land. The seller said no at first, it was his family home, but we convinced him we’d treat it good and farm it and he finally agreed to sell.
Once the contract was in place we did a VERY thorough home inspection, including a foundation inspection by a structural engineer and a septic inspection. Based on the results of the inspections (foundation needs work, water in basement, a couple roof leaks, dodgy HVAC, and a potential septic issues) we considered walking away, but we were already planning a gut renovation, so we lowered our offer by 25k to cover the additional systems and braced for a rejection. After a brief delay, he accepted our offer.
As of early April 2016 we own a very neglected 1250sf, 3 bedroom 1 bath brick basement ranch on 12 acres of pretty pasture in east Tennessee. She needs a lot of work – which I’ll detail in a future post – but she’s got potential.Unlike many of the older homes we’ve seen in our price range this one does not appear to have been touched since the 70s (see those vintage windows?). Which means we won’t have to pay to fix someone else’s dodgy DIY jobs.
Next up I’ll share the details of the inside. So stay tuned for striped carpet, lots of paneling, and a weird ‘addition’.