Thursday, September 30, 2010

Officially in Escrow!!!

We have been looking for a house since we got to Chico since the market has been so good.  It's a great time to buy, and we didn't want any great deals to pass us by! Through our looking process, there's been some ups and downs.  We first found the house of our dreams!! It wasn't without projects, but it was a beautiful house on 2 acres.  We were outbid and the house went for over asking price.  I think I cried. Second house we found was on 1 acre.  It needed lots of work. It could have been a great investment, but again, we were outbid.  Finally, we found this house on 39 Forest Creek Circle.  It's a foreclosure, and the former owners have made it known that they were not happy about being foreclosed on (holes in the wall, missing door knob, broken window, etc.)  The benefits of this house are that its way under market value because its been trashed.  It's less than a mile to Bidwell Park, which is a huge point of resale.  It's on 1/4 of an acre and is over 1800 square feet. Once fixed up, it will sell easily. Also, its very centrally located in a nice quiet neighborhood. We'd love a house out in the country some day, but this house, once fixed up, will surely make us money and allow us to buy our dream house.  Our plan is to live in it for 5 years, give or take.

SO, we found out from the bank yesterday that they had accepted our offer! We have a 45 day escrow, so here we go!!  The pictures below show the house's "character" (I mean all the wild colors they chose for paint....we have some work to do).

As you can see, the landscaping needs a little bit of help.  The backyard is worse, although there is a pomegranate tree and an orange tree! 

 This is one of the bedrooms (it has 4 bedrooms). Yes, it's painted black!! Complete with a Rockband sticker. Oh dear. You can't tell here, but the carpet is.....well....... lets just say you wouldn't want to walk on it with bare feet out of fear of contracting a disease. =) Got to love it!


This is the view when you walk in the front door.  Straight ahead is the living room, to the right is an office, and down the hall to the left are all the bedrooms. Even from this view you can see rooms with 3 different colors...ha!

The kitchen is in decent shape.  We will eventually tear out the lovely tile, and probably re-face the cabinets. All in all, the kitchen is pretty decent.

 Oh the mustard colored laundry room.  Again I ask myself, really?  Mustard colored???

This is actually the dining room. It's huge.  I'm not sure what we are going to put in here yet. We don't even have a dining room table or enough furniture to fill up half of the house.  Ha!  It will be a bit empty for a while. This room is in good shape with new laminate flooring.

 Another bedroom, complete with tan and red walls. Paint please?

 Alas, the dark DARK blue room with a broken window. Such a beauty. We'll have to fix this immediately.

This is the hall bathroom.  It needs some help.  The only thing in decent shape are the floors and the toilet.  We'll eventually replace the tub, counter-top/sink, and cabinets.

My favorite bedroom: the hotdog bedroom.  Who wouldn't want to paint their room ketchup and mustard colors???

Master bathroom.  We think we'll do some major remodeling here- maybe knock out a wall if we can. The shower is covered in black mold, so we'll need to replace it......and a lot of other things in this room.

Master bedroom - colors are actually somewhat normal here: tan.  We'll still be repainting. The whole house needs some patches. Thank goodness my brother David patches and paints professionally for a living!!  Yippee for borrowing his paint sprayer!!!

Thanks for rejoicing in our new purchase.  Now the next challenge...making it through escrow. We'll keep you updated.

5 comments:

Morgan said...

Congratulations Tara (and Dave)! I love it!

MamaGord said...

Maybe the old owners were Chico Highers?

Congrats on the new house!

Erica said...

Congrats!

Heather said...

Can't wait to see it once you make it 'yours'! Congrats and you need to have a housewarming party after you settle in to help fill your empty spaces!

Natalie said...

yeah, project! I'm sure it will look great when you are done. Maybe Rob and I can stay there next time we visit Chico!