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But on the good news front, if everything goes well, you could have found a hidden gem that appreciates like crazy once you do the work.
We had well issues, but honestly, I don't know why nobody jumped on our house before us, it was priced well, on a very desirable street, bungalow, etc. We bought six years ago and I figure we've almost doubled our money on the house. We just can't sell because we don't have anywhere else we'd prefer to live. You could be in exactly the same situation where you are sitting pretty.
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