Eight for Eight

Just heard back yesterday night on the the 8th house I had an offer on and I didn't get it. I'm sad on this one because it had lots of the elements I was looking for, the boyfriend and I both liked it (perhaps the boyfriend even more than me?), and once again the things that needed to be worked on once I moved in were really minimal.

http://www.redfin.com/CA/Gilroy/7521-Church-St-95020/home/686340

I also was only able to offer asking which made me know from the start that this home was definitely a long shot. The house was zoned for "R3" which meant that it could have three units on it, which I'm sure was a boon for investors. There was a little studio unit in the back that was about 80% done. At one point it had been red tagged for not having a permit, but it appears that situation was taken care of.

Who ever owned this cute little place and lost it to the bank was either a flipper or someone in the construction field who was looking to do things right. The boyfriend loved the water heater and heater set-up. The house wasn't completely done. The back deck probably needed to be replaced and the unit in the back needed to be brought along if it was ever going to be used for more than storage or a workshop. The street was busier than I would have liked, but there is something about trees lining a busy street that gives it more of a protected, insular feel.

The house was not only a historic home but it was also across the street from the Gilroy Museum. I have a soft spot for some of the historic homes. I like the little bungalow houses with built-ins but many of them just don't come anywhere near meeting the FHA standards I have to deal with. This house I really thought might be able to meet those standards.

Well, back to looking. There isn't anything out there right now that is in my price range but I'll keep on keeping on. Wish me luck - you never know what the banks will foreclose on next!