Tuesday, March 24, 2009

Offer submitted on Masters Lane lot.

We have officially put in an offer on the Master's Lane lot. We can breathe a deep sigh of relief that we are now in the queue for purchasing the lot.

$1,000 dollars in earnest money (check only) and we have "spent" our first of what will be very few dollars on this project. The realtor has warned us the owner is difficult to get in touch with and slow to respond, but as long as the offer is in, we're fine. The asking price was $170,000- YIKES! I can't believe a piece of land can cost that much. We offered him $118,000. The realtor told us that the owner had gotten two other offers of $135,000 that he refused but that was a year ago and the markets were optimistic and looking up then. Wish us luck. We're really starting to fall in love with the property.

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