Tuesday, April 1, 2008

Scratch that. House buying take 2.

Last week we exercised our option to not buy the first house we were looking at. While the payments would have been a dream, it just had too many issues under the surface that the seller was not willing to work with us on. And, since it had a nice little crack in the brick work on one side it was going to need a structural engineer report at which point the odds were that it would need to be addressed before purchase and the seller wasn't willing to do that so we would have wasted about 2k at that point and we wanted to cut our losses and move on.

We set out Saturday morning to look at 3 houses in the next 10k category.First one was in a great neighborhood but the floor plan looked like something a child had put together... it just didn't work. The second one was in a great neighborhood, nice curb appeal, impeccably maintained, new cherry wood cabinets, wonderful landscaping with little gardening surprises around every corner etc etc etc. So we loved this one, it even had all the little pull out shelves in the kitchen. There were little extras throughout the house. So we put an offer that was just slightly below asking price since it was priced a little higher than the other previously sold homes in the neighborhood. So how did they respond? ... they flat refused the offer, no counter with a higher price. well hm! So we wrote up another offer for full price and sent it off Saturday night. And we waited, waited and waited. We hadn't heard anything as of noon Monday so we checked in with our Realtor and at the same time she was checking in with the sellers Realtor. Turns out despite the fact that the offer was faxed and emailed... it was not received. The sellers had been thinking that since so many people were looking over the weekend that they would get other full price offers. As of Monday noon, we were the only one and they had refused it... imagine the mental turmoil that must be going on in their heads! hahahaha. OK so we resent the offer Monday and it is currently Tuesday morning. We'll see what today brings.

There was a third house we looked at that day, but after seeing the second one we didn't spend more than about 2 minutes walking around it.

In the meantime, a friend who is looking to get in on a sweet pre-forclosure deal may need to sell in a hurry and just happens to be in a neighborhood we have been looking in and is a touch larger than the house we put an offer on. So it all seems to be some pretty interesting timing but we'll wait it out and see.

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