Friday we contacted the Realator and made a bid on the lot. We had done our home work on the property. While it did have a beautiful view, woods for him, rolling hills for me and a pond for both of us it also had a few draw backs. For starters about 5 feet down we would hit rock thus making a septic tank as well as a basement cost about $10,000 more than the estimated price if we did not hit rock, no city water as of yet which would mean another $7-10,000 to put in a cystern or dig a well.
We caught the realator in several lies she was saying that the current owner of the property was paying for the city water lines to come through when in fact the state gave the city money to put in the water lines as well as telling us that someone else was interested in the lot (after hearing the details from her we realized it was our cousins who were interested in the lot next to it.)
To top all that off the lot was listed for $5,000 above the appraisal value and they only came down to $2,500 above the appraisal value. We have a feeling that the lot is not appraised at the correct value and we definitely don't like being screwed up the you know what from the get go.
While we do regret that we did not get this particular lot, we are also very relieved because we feel that this would have had the potential to become a deal gone wrong. It is actually a plus as it gives us more time to iron out our house plans so that we are ready from the get go:)
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