Immadismom
DIS Veteran
- Joined
- Sep 7, 2014
DH and I have been looking for a house since mid-January. We’ve been renting a house for 8 years, but our landlord is selling it when our lease ends at the end of May. He has said he’d work with us on time if we need an extra month-ish of time to finalize our new location.
The housing market STINKS! We have had to expand our radius a LOT to get any hits in our budget. We’ve seen at least 20 houses, if not more. We’ve been outbid on two. We’re REALLY kicking ourselves for not bidding $10-15k more on house #1 (we bid $16k over asking, as it was) because it was perfect in every way (Size, location, features). Not positive that would have gotten us the house, but would have been a better shot. Now, nothing else has lived up to house #1.
We have 4-6 weeks left to find something before it’s panic time and we have to look at renting something else for another year.
I feel like our realtor is super frustrated with us. We almost cancelled a showing this afternoon because we just weren’t feeling it. But she did a FaceTime showing with us instead, because she felt the house could be “the one”. It was ok. But we didn’t get that feeling we have had on the other two we’ve bid on where we could see ourselves living there. It was simply ok. And in this market, we both feel like that’s not enough. In a normal market, this house would be $300-325k. It’s listed at $435k. Our realtor does feel it’s overpriced for the condition of the house, and recommends an offer of $400k. BUT….this is a big but for us….we will be going into this house (or any house an the moment) knowing we’ll have to stay there for quite some time to be able to recoup our investmeant, as we’ll be buying at the top of the market. This is not our dream location, by any means. We’re already settling on the location, because we’re priced out of where we’d prefer to buy.
With all of this said, do we keep on trecking & hope for something we really like/love? Or do we settle for just ok, since we’re having such a hard time finding anything?
The housing market STINKS! We have had to expand our radius a LOT to get any hits in our budget. We’ve seen at least 20 houses, if not more. We’ve been outbid on two. We’re REALLY kicking ourselves for not bidding $10-15k more on house #1 (we bid $16k over asking, as it was) because it was perfect in every way (Size, location, features). Not positive that would have gotten us the house, but would have been a better shot. Now, nothing else has lived up to house #1.
We have 4-6 weeks left to find something before it’s panic time and we have to look at renting something else for another year.
I feel like our realtor is super frustrated with us. We almost cancelled a showing this afternoon because we just weren’t feeling it. But she did a FaceTime showing with us instead, because she felt the house could be “the one”. It was ok. But we didn’t get that feeling we have had on the other two we’ve bid on where we could see ourselves living there. It was simply ok. And in this market, we both feel like that’s not enough. In a normal market, this house would be $300-325k. It’s listed at $435k. Our realtor does feel it’s overpriced for the condition of the house, and recommends an offer of $400k. BUT….this is a big but for us….we will be going into this house (or any house an the moment) knowing we’ll have to stay there for quite some time to be able to recoup our investmeant, as we’ll be buying at the top of the market. This is not our dream location, by any means. We’re already settling on the location, because we’re priced out of where we’d prefer to buy.
With all of this said, do we keep on trecking & hope for something we really like/love? Or do we settle for just ok, since we’re having such a hard time finding anything?
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