Thursday, March 6, 2014

Disappointments in House Hunting

To make a long story short, this isn't going to be our house. Here's the deal: The asking a price is about $40,000 higher than the other houses on this street. Forty thousand! Take a minute to think about the stupid-crazy things you could do with forty thousand dollars:


Why are they asking so much? I have no idea. Some things inside this house are nicer than the other houses on the street, but there are location-related drawbacks specific to this house that bring its value back down to reality. Our offer was realistic, and I was surprised by the seller's response: She won't accept less than asking price, period. Um, has she looked at the comps for that street?! We're not willing to overpay, so it's back to the drawing board and the open houses. 

I'm actually surprised by how not disappointed I am. I loved the house itself, but I'm not sure I'm ready to move to the suburb where I grew up. Even though we hit a dead end, something good did come from this: I am so fired up now! Making an offer was exciting and empowering, and I feel ready to take on the real estate market in a way that I didn't before.

2 comments:

  1. There are a couple of houses nearby that are overpriced compared to comps that I'm slightly interested in, and it just makes me shake my head. I understand people not wanting to lose money, but why not be realistic about what you can get? And why be emotionally attached to a house?

    I bought a house that I paid too much for because I was a giddy newlywed, and now I'm a twentysomething divorcee who is a landlord because that house won't sell for what it's worth. I know better now!

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  2. House hunting is tough in Nashville right now; tight inventory in a lot of locations. We looked at our house two days after it came on the market and made our offer the same day; if had waited longer there was no way. Good luck!

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