Tuesday, October 24, 2006

Vicarious money pit

Progress in moving into our new house has screeched to a halt, or perhaps more accurately, skidded to a halt, as the problem is a suspect sewer line.

As a standard practice when selling older homes, our heroic Realtor suggests all potential buyers have a "sewer-scope" done, which involves the insertion of a camera into the sewer line to inspect the pipes. (I'd like to have that footage for a goth music video! "This is the pathway to my soul, dark, cold, encrusted with filth...") According to the findings on our prospective home, "concrete pipe broken with holes and missing pipe at 14' on the counter. Unable to proceed past this point."

Now if we already owned the home, this would be very bad news. But now it could actually work in our favor. We have already put an offer in on the house and that offer cannot be modified. So the trust that is selling the house has two choices: spend the $10-15 thousand it will take to fix the problem and still sell it to us at the agreed upon price, or back out of the deal. This second option is not very likely because now that the trust knows about it, the problem would have to be disclosed to any other potential buyers. And it's unlikely that other potential buyers would be as attractive as us due to our sparkling credit and available assets.

For US, the possible outcomes are backing out of the deal, thus avoiding a white elephant (or is it a brown elephant in this case?), or simply wait the two weeks or so it will take to resolve the problem. I'm hoping the latter, because I'd really like to have this backyard and Lisa would really like to have the "tea house" in which to do yoga:

We haven't gotten out completely unscathed, however, because we've started sprucing up the current homestead in advance of putting it on the market. Some landscapers came over yesterday and did a bang-up job on our hillbilly yard. Here are some before and after pics:


So for now, Lisa will have to keep doing yoga in the "Buddy Studio" here at home. But that has its rewards as well:

"You call that 'downward facing dog?' THIS is how you do 'downward facing dog!'"

No comments: