Discussion Forum - Northstar Chevelle Club

Derek69SS · Founding Member

Need to buy a go-kart now...

Dave Seitz · Mega Poster

http://minneapolis.craigslist.org/dak/spo/2862339887.html

OscarZ · Treasurer

Congrats on the house! I'm sure you'll need to buy more than one go-kart though!

SteveS · Super Poster

Congratulations! Got a link to it again? I can't remember the details.

Let me know when you get the heavy stuff moved, I'll stop by to help with the light stuff like last time .

Derek69SS · Founding Member

Link may go dead once the offer papers get signed...

http://www.smtidx.com/live/IDX/details.php?id=4032378&type=re&sort=1

SShink · 3K+ Club

Very nice Derek! Does the hot tub stay?

Derek69SS · Founding Member

Hot-tub stays. I didn't really care much about that, but Jenna really wanted it... she has wanted one for a long time, but I was always too cheap to agree to buy one.

Derek69SS · Founding Member

little refresher here...

http://wikimapia.org/#lat=43.8919934&lon=-92.9381025&z=17&l=0&m=b

1450ft from driveway to kart track.

I could drive the kart to the track.

SteveS · Super Poster

Looks very nice, you're going to like having a shop with everything in one place.

If you zoom out on the wikimap link, they must have spliced a spring and fall map together. Very green by your place, but 100 yards west from the cart track it looks like desert

Dave Seitz · Mega Poster

What are all the trees? and are they on your property?

Derek69SS · Founding Member

10 acres of woods is not part of the property, but the owner allows access to it an let them have trails mowed through it.

Tanaman · Member

I used to drive by that place all the time when we lived in Blooming Prairie. It looks like a really nice place and that karting track gets pretty busy some nights.

Lost in the 60s · President

GOOD DEAL !!!! I guess there was reason all the others fell thru. See if you can get a 2 fer deal on a couple nice karts. I LOVE driving them...

Any tentative closing/moving date to put on the calendar ?

Derek69SS · Founding Member

Signing papers is on-hold for the time being... just found out it's classified a "100 year flood plain" and that the lenders may require flood-insurance.

They're working on the paperwork to get it re-classified, and we're going to hold off on signing anything until that goes through, which could be 30-60 days. In the mean time, we're not binded by anything and are free to continue looking. More delays, and the deal's not dead yet, but we're playing it safe.

John D · 2K+ Club

So the property is basically the box defined by the tree-line on the north 1/3 of the wooded area?

Dave Seitz · Mega Poster

I think Chad has a Legends car for sale talk to him, that would be a fun ride to start Cale in.

Derek69SS · Founding Member

Well, now things are getting interesting... we decided to hold off on signing any papers when we found that it was on a flood plain, and they immediately dropped the price to $167,000. Now, less than a week later, they dropped it again to $160,000.

Our offer WAS $160,000, minus the refridgerator

Lost in the 60s · President

Derek69SS wrote:
Well, now things are getting interesting... we decided to hold off on signing any papers when we found that it was on a flood plain, and they immediately dropped the price to $167,000. Now, less than a week later, they dropped it again to $160,000.

Our offer WAS $160,000, minus the refridgerator
Seems they are willing to sell it to ANYBODY who doesn't care about the flood plain for the 160k.
Can you work a contingent signing ? Sign an agreement to buy it after the paperwork has been approved to remove it from the flood map. That would keep you as first buyer but able to back out if they can't get the classification changed.

Chris R · 2K+ Club

Were there any buyers before you that wanted the place as well. Therfore offered more money then you? Im wondering if the buyer(s) before you got stopped with the same roadblock when they decided to take your offer.

Which your now coming to the same realization at the other buyer(s), which leaves them to drop the price if they want to sell.

Derek69SS · Founding Member

There have been no other offers.

I could do a contingent offer, but that would lock us into this one and unable to act if something better comes up in the mean time.

We're really thinking about building since we can't find anything that's exactly what we want... have a couple sites in mind, both around 8 acres.

Bowtieman427 · Active Member

you can write whatever you want into the contract. Make sure you write in an out. If you are working with a realitor let them know what you want and if you find something better before closing you can act on it and have an out for it. This will also make them work a lot faster to get it reclassified. You are concerned because time if of the essence and really do not know if it can be reclassified. If they can not get it reclassified it will be very hard to sell. because of recent events in SE MN. Way I see it given their perdiciment you hold the cards and should be able to write in what you want. If your realitor is unwilling to see this find another. Let them know you ready to walk away.

Bungy L-76 · Active Member

I'm going to refer back to an earlier post I wrote about your property search.

Bungy L-76 wrote:
.....or they pi$$ and moan and pass an ordinance that you can't tear it down after you've already bought it.
All I know is, any property you look at, if the words "flood zone" come up, RUN!

-- Edited by Bungy L-76 on Saturday 15th of October 2011 01:39:24 PM

Derek69SS · Founding Member

Bungy L-76 wrote:
I'm going to refer back to an earlier post I wrote about your property search.

Bungy L-76 wrote:
.....or they pi$$ and moan and pass an ordinance that you can't tear it down after you've already bought it.
All I know is, any property you look at, if the words "flood zone" come up, RUN!

That's exactly what I've done. If they can get the flood maps revised, I might be interested, but there's no guarantee that they'll even be able to do it.

gearlube · Active Member

Is flood insurance really that expensive? Couldn't you write it in the contract that they cover it for a little while?