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VENT & VIBES - House Hunting (a little long)
I don't post much these days because work is so busy AND MH and I are lookign for a new house. Sorry if it seems I only come to you ladies when I need something from you all.
MH and I put our condo on the market at the beginning of December and accepted an offer about two weeks later. We sold it for $4K less then we really wanted but figured we would make that up and then some on a deal for a bigger house. Its supposed to be a buyer's market right???? Boy were we WRONG. So since our home search started in November all the homes in nice neighborhoods, not on busy double or single yellow lined roads OR away from major highways are all gone. We bid on a house last week that had been sitting there since October....the day we submitted our offer two others also bid on it. It finally sold for OVER asking which was $20K more then our highest and best. It needed a ton of work.
Now we are in the same situation again...we submitted on a house that just went on the market last Wed. There are now a total of FOUR offers on this house...all of them came in at the asking price AND with the same terms. &%#$(*#)$*%#. I even submitted a letter with our offer hoping to appeal to seller's connection to the house they have lived in for over 40 years. But they came back to all of us asking us to submit our best and highest. So we went as high as we could possible go which is only $6K over asking. We should have an answer back by 11am. I guess someone will always have more money then you. I feel like we're going to be up against the same 3-4 buyers everywhere we go.
I'm discouraged and a little stressed as my due date is only 3 months away and we don't have a home yet. I think I got us into a big pickle. I'm trying to stay positive and remind myself that things are meant to happen and if we don't get the house its for a reason. But its hard to stay optimistic.
Please send vibes that we find the perfect house for us before our little one arrives.
Heather and Mark | Lanikuhonua 8-14-08
Re: VENT & VIBES - House Hunting (a little long)
GL on your current offer, I hope you get it!
But if you don't, no worries - I'm sure "your" house is out there waiting for you! You may not recognize it right away, or it may not have exactly everything you ever wanted, but you'll love it because it'll be your first home as a family!
Best of luck to you!!!
I was just talking to my realtor (who is also a friend) on Sunday about the market and he said that all houses are now getting multiple offers. The prices are low enough that so many more people can afford to buy now. He has one client who he's written 7 offers for, and #7 was finally accepted. Hang in there.....the prices are great, but it's so competitive that I imagine it's frustrating. Reminds me of when I bought my first house in 1999 and I got beat out of each and every offer I put in. It was discouraging, but I loved where I ended up when my offer DID get accepted. It'll happen!
I completely understand how you feel...when we were looking for a house the exact same thing kept happening. A house would sit untouched for months, we put in an offer & so does 5 other people. The house we ended up buying was a house we had seen a few months before but just wasn't that interested. Then a few months later, after no luck, we decided to give it another look. DH brought our contractor to see it before we put in an offer & the same day another couple showed up to see it. Vacant for months...we show interest & people are tripping over themselves to put in an offer! Long story short, we put in an offer & the seller accepted. He said the other people just didn't get the offer in in time. So somehow it all works out. But I completely understand your frustration...I was about ready to settle on renting forever, but we stuck with it & eventually we got what we were looking for.
Good luck on your current offer & if not this one, another one will be right around the corner!
I hope your current offer goes through!
I have been hearing similar stories around here. I thought my friend was nuts for paying full price and closing costs on his new house, but he then went on to explain that he was outbid on at least 5 homes before that one. The only ones that don't seem to have that problem are the new homes and pricey homes in the area.
It will all work out! We fell in love with our house but couldn't afford anything near asking price and went ahead and lowballed anyways (market was much different a year+ ago and it was overpriced... now it seems like things are offered at more realistic prices so you can't negotiate too much, it all evens out in the end). It was immediately rejected and we continued to look. Over a month later she came back with a counter offer and we eventually were able to make a deal. But the point is, sometimes things don't work out immediately, but eventually everything works out!!
Like the other girls said, the right house will come along. Everything happens for a reason! Just keep telling yourself that.
The condo next to us went up for sale and my co worker was going to buy it. Before her realitor got back to her, the for sale sign is down and the lock box gone. It sold FAST! She keeps getting beat out by investors who are buying anything that's a good deal at all.