Alot going on.

Well I haven't posted in a while and there are alot of updates going on as of now. For starters we are under contract on the house as of Wednesday. However not to get all your hopes up we have found some major problems with the house and are considering options at the moment.

We had a heating/plumbing guy look at the house on Thursday. The result of that inspection is that easily put, the entire heating system needs to be replaced. The house was not winterized as we had previously thought, while doing the inspection a few pipes were leaking water (not a great sign) as well as the furnace appears to be falling apart from the inside out. A few of the pipes just fell apart when touched. There are also some busted pipes in the upstairs baseboard. Our initial estimate on fixing it all is $8,000. Which some may not need to be done right away. We were planing on leaving the upstairs alone for the time being which means it wouldn't need to be done right away. The upside to all this is that if we were to buy and fix the heating, our oil would (theoretically) be alot less then not doing it, just because of a newer and more efficient furnace. Also there is a tax credit for installing a new one (need more details on if the one quoted would qualify). 

So all in all there are alot of pros/cons to weigh. We have until the 20th to make up our mind if we want to stay in contract or back out as a result of this. We are considering re submitting a bid and starting from scratch on the price of the house. We are continuing to look around and we will see how it goes.