I think our house is over priced
Jane Smith
7 years ago
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Denita
7 years agolast modified: 7 years agoJane Smith
7 years agoRelated Discussions
I KNOW our Realtor thinks we're nuts!
Comments (15)Tinker if this is what you want to do, I say go ahead. You have outlined your situation and it sounds like you understand full well what you're getting into. That said, a couple of stories: We have lived in the same neighborhood for 15 years. We rented for about 6 or 7 years, then started to house hunt--only in our neighborhood. We found THE house. We bid higher than reasonable and were confident we would get it, and didn't. It was bought by a developer for 30% more, who reconfigured the antique house so that the lot could be split and added two really ugly condos. We were aghast, and I can't believe I still have to look at that thing every day (we pass it on the way to dd's school). It was the best thing that ever happened to us, because we learned that you can lose your dream home, and life goes on, and unbelievably, better dream homes came along. We bid on 3 more "dream homes" in our neighborhood, getting a little more cocky and skeptical every time. I live in the fifth house we tried to buy, 4 years later, and we're very happy with it. We got a great deal, and it's head and shoulders above the first house we went for. So, as much as this house speaks to you, keep in mind, other houses can still do that too. I recommend taking 48 hours and looking around in some other places, with a different realtor. Look on craigslist--you will see things that don't show in mls listings. I have a friend that was house hunting in two of the most expensive towns in our area, my modest mid-range town wasn't even on her list. But she stumbled on a listing in Craigslist, and now has twice as much house, just as good a commute, and far better schools than she expected. Before you commit to this house, think outside the box. Heck I wish 2000 people like you would descend on Galveston, TX and invest in those crumbling victorians. Or Brunswick, GA. Just look at this: http://www.realtor.com/realestateandhomes-Detail/817-Egmont_Brunswick_GA_31520_M63142-27459 or this: http://www.realtor.com/realestateandhomes-Detail/815-Albany_Brunswick_GA_31520_M60146-44621 I'd buy the second house just to get a tree like that. Finally, if you are open to spending that kind of money on preservation, from a stewardship standpoint, it makes more sense to spend the money on a house that won't be torn down when you move on. Could you look in a more historic district where these types of homes are valued? If you can live with the idea of your work being undone, then I guess you're ok, but knowing with certainty that the work I put into my house would be ripped up would drive me nuts. But that's just me....See MoreOur full price offer may not get the house
Comments (39)You're probably right about the water heater being pre existing, because it's been documented to have problems. I think the warranty is meant to cover things that you discover are wrong with the home after you take possession and not things that are discovered in the inspection. If it was only the hot water heater that needed to be replaced I'd just suck it up and replace it myself. Since the seller isn't willing to give on even meeting you halfway on the garage I'd do an analysis and see if the home is still a good value even needing $4000 of work. The home may be at the top of your price range, but is the home priced $4000 under it's comps or is it also priced at the top of it's comps....See MoreI KNOW our Realtor thinks we're nuts!
Comments (31)You are always going to have folks who THINK new is better. It's the way they are wired. A good many of those folks are in the real estate profession. They are looking at things from the point of the bottomline. Not always the best place to measure success from. I'd start by finding a different contractor. When it comes to contractors you generally have two types the one ones who like new because it's fast and easy and it fattens their wallets with a quick turn around and the the ones who are masters and will work with you to save what they can. Generally speaking the latter is more costly but they also have the advantage of being better problem solvers and better at their craft. There seems to be a point of pride they carry which the gut and build guys just don't have. That house has character. It has a good location and if you can afford to fix it up so it maintains that charm then I'd go for it. You fell in love with it as it is. Fixed up and maintained somebody else in the future will love it just as much if not more. My biggest rule in home ownership is go with your gut. If your gut tells you it's better to save it than flatten it them do it....See MoreSo happy! Sold our home fsbo in 2 1/2 weeks, for over asking price!
Comments (5)Awesome! I sold two houses FSBO and it was a great experience---the title companies make sure everything goes smoothly at closing (at least ours did :) )...See MoreDenita
7 years agolast modified: 7 years agonosoccermom
7 years agoJane Smith
7 years agolast modified: 7 years agodchall_san_antonio
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7 years agolast modified: 7 years agoJane Smith
7 years agolast modified: 7 years agoJane Smith
7 years agodchall_san_antonio
7 years agoJane Smith
7 years agolast modified: 7 years agohomechef59
7 years agolast modified: 7 years agomorz8 - Washington Coast
7 years agoskatermom
7 years agolittlebug zone 5 Missouri
7 years agolast modified: 7 years agoJane Smith
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7 years agoH B
7 years agolast modified: 7 years agoncrealestateguy
7 years agomorz8 - Washington Coast
7 years agolast modified: 7 years agoJane Smith
7 years agoUser
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7 years agolast modified: 7 years agonosoccermom
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