I’m still waiting to close on the property. I made the initial offer on farm and land around June 15, with my pre-approval letter from the mortgage company in hand. Since then, I’ve hired a HUD inspector to get an engineers report for the farmhouse, I’ve had the water tested to make sure I can farm, I’ve now got a commitment letter from the mortgage company, and I’ve got the insurance quote; I just need to sign the check. The survey is about a week from completion. Taxes are filed for past years. I’m ready to close.
My attorney can’t even agree to my signed contract. There’s some bad blood between my attorney and the sellers’ family, personal family squabbles dating back to the 1960s. So my attorney is digging his feet in, just like ~ well, a stubborn goat ~ just to BE a stubborn goat ~ and it took about 45 days of wrangling just to get a signed contract. Yes, I understand that attorneys are cautionary, in general, and must advise always on the side of caution. It’s just that I’m not risk averse, after all I’m buying a farm ~ HELLOO? It actually seems riskier now to keep listening to my attorney than to just go ahead with the deal.
This deal should be simple. I want to buy, the seller wants to sell. I’m not lying about anything. I have a bank to stand up and say I’m trustworthy. The seller isn’t lying about anything. He’s disclosed the condition of the house. He’s disclosed the usage of the property for the past 40 years. I can SEE that the house needs work. The seller has all the documents in his possession which show he really and legitimately owns the land and can sell it. The house has tenants, so it’s habitable. So where’s the drama in all this?
Just another preview of whats in store. I know I’m buying a house in a county that I know very little about, from people who’ve known each other their whole lives and hated them the entire time. I just don’t want to get swept into the drama.