Part 1: What is a perc test? We covered ‘contingencies’ in an earlier post “Not Your Average Conditions”, and ended the most recent post with the term ‘perc test’. In that earlier post, we stated our purchase contract had a contingency to perform a perc test before completing the sale. What is a perc test?Continue reading “The Perk of the Property”
Category Archives: Realestate
Bermuda Triangle
Our recent survey led to a discovery of a secret place where no one on earth owns, our very own Bermuda triangle of sorts. We’ve mentioned the plot is old, and in the original deed we found out that it was part of 210 acre farm that was divided roughly 3 ways amongst the farmersContinue reading “Bermuda Triangle”
Survey Says?
When one buys a home, one gets an inspection; when one buys land, one gets a survey… and you get what you pay for. We hinted in a previous post that we thought we had purchased 67 acres, based on the last known survey. However, we knew it was important not to have blind faithContinue reading “Survey Says?”
“Jack” Pot
Our realtor and lawyer recommended a few local surveyors and perc testing companies; but even with leads in hand, this next step proved more difficult and time consuming than anticipated. The few vendors that actually answered our calls informed us that the sheer volume of home and land purchases during the year had outpaced allContinue reading ““Jack” Pot”
Wait for it…
The housing and land market continued to be on fire throughout the fall with no signs of slowing and yet everything told us to pause and hold fast. We made the decision to wait until after November 3rd before making any major movement financially. This was the first exercise in patience in the process andContinue reading “Wait for it…”
The Future is Financed?
Raw land purchases are usually a ‘cash is king’ proposition and we were prepared, to an extent, because of savings and “Crunching the Numbers”. However, before parting ways with a large amount of savings, we had other concerns to mull over. One obvious factor was the land was more than twice the size of whatContinue reading “The Future is Financed?”
Into the Woods
Over the course of the fall we took 2 more trips (more prepared than just flip flops) to the property to explore the woods and get a better understanding of the land and possible journey ahead. Through early September into late October we saw two different landscapes: a lush forest in late summer and aContinue reading “Into the Woods”
Tenir Bon House 