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I have a small but respecible sum of money that I have sweat, scraped, cried, bled and been abused in order to carefully horde. It's not a lot, but for someone who's been out of work almost as much as she's been in since graduating, I'm rather proud.

On one hand, I have a car in desperate need of replacement. I have found a vehicle that is acceptable, that is just beyond what I'm comfortable paying, but is not un-do-able. I have a down payment on said vehicle, and many of you heard me talking about it. The idea of owning it is growing on me.

On the other hand, as you know, my paternal grandmother passed away this past christmas. There was no real will. It is somewhat important that this piece of property remain in the family, (as it is land-locked on 3 sides by family, who are in no position to buy it themselves.) There is only one person in any position to contemplate buying it from the "estate." Yep, that would be me.

Now, I know there are many heated feeling on property ownership here, so let me point out a few things about this property:

pros:
sentimental value
I just painted it 3 years ago or so.

nutrals:
near my parents

cons:
needs a new roof
needs a new septic
needs a new well
needs new electrical
needs some new plumbing
might need a new sill (yes, the whole house. This is the part upon which the rest of the house rests.)

So, from the way I see it, I have a few options:

a. Let the family fend for themselves and sink the savings into the down payment on the vehicle, (the only way I'm going to be able to afford said vehicle.)

b. Split savings and put half toward house and half toward a new-to-me car that has not been found yet.

c. Gimp along in The Cow, sink the savings into the house.

If the house comes into my posession, the idea is to pay the morgage, and allow HorseChaser to live there and pay the utilities. It would require a great deal of work, is all.


Ideas, Thoughts, Comments?
I'm all ears.

- K.

Date: 2007-02-23 06:15 am (UTC)From: (Anonymous)
remind your family that wants the money that the place is in bad shape, so isn't worth much. See how much they'd end up getting if were to have been split equally if it went for it's fair market value. Tell the 3 people that live around it that you need to buy the house, and a new car. They'll probably be able to scrape something together. Worst comes to worst, you could turn the basement into a root cellar after you tore down the house...

Date: 2007-02-23 06:16 am (UTC)From: [identity profile] garou43.livejournal.com
so, uh, I forgot ot log in, I guess...

Date: 2007-02-24 04:10 am (UTC)From: [identity profile] kragore.livejournal.com
only you would point out the benifits of ex-cellar turned root cellar. :)
- k.

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