Offer accepted!

"Neil drives a beetle and a fancy beetle" (1500sand535) 02/09/2018 at 12:36 • Filed to: None

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Clown shoe for your time

Some of you may have seen some of my posts recently getting more and more bitter about the home buying process. Yesterday a house popped up in the neighborhood we really wanted to be in and it seemed to be priced below comps by 10-15 and lately houses in that neighborhood have been going for even 5-10 higher. Of course this is entry level home shopping in a sellers market so we set up a showing for 4 hours after it got posted.

Well, when we saw the house we thought it might even be worth more; all brick, 1950s(newer for the neighborhood but not out of place), central air, new furnace, 7-8 ft basement ceilings with a fully compliant bedroom(egress window); fully finished second bathroom; 2 car garage(with a woodstove). And just generally treated well and nice workmanship. Not super artificially updated but nice.

Anyways, we lost out on one house, let’s call it Washburn, a month ago in the same neighborhood that although less lived in and had the compulsory updated kitchen: I didn’t think stacked up. Although admittedly Washburn looked better from the street. The same weekend we passed on a house, let’s call it Upton, listed just above what we did offer on Washburn 2 blocks away that had a competitive bid situation.

So, as we are leaving last night my wife and I scraped every last penny together and made an offer that most likely would not have won those other Washburn or Upton. We even wrote one of those kind of cheesy letters and included a picture. Three other offers rolled in and we didn’t feel very hopeful.

Our offer got accepted this morning. Part of me feels like we went too high, but knowing we lost out on Washburn that I thought had less going for it with an offer that was in total $5000 less and didn’t even bid on Upton because it was too high; if we were too high, it wasn’t by much. So now we have the inspection and 5 week close period. And I will avoid ever buying a house again if I can help it.

Relief.

Party-vi > Neil drives a beetle and a fancy beetle 02/09/2018 at 13:10

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Congratulations! Here’s to a good termite inspection, as I replaced half of my fucking kitchen wall after a bad inspection missed the demolished portion inside my wall under the sink.

ITA97, now with more Jag @ opposite-lock.com > Neil drives a beetle and a fancy beetle 02/09/2018 at 13:14

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Congrats! Good luck on the inspection and appraisal part of the game. We’re selling our house and buying another one right now, too. I can’t fathom the home prices in that part of the country, or imagine how a competitive bidding situation comes to work out, or folks offering asking price or more.

The thing that amazes me about the process is that it actually works. When I think about all the stuff from so many different parties that has to happen on both ends of a sale, it always strikes me as a system that shouldn’t work but somehow does. I guess everyone wanting a piece of the action is enough to make it all work.

PartyPooper2012 > Party-vi 02/09/2018 at 13:26

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Termites/carpenter ants/water damage... they can all go fuck themselves right quick.

I went to change one window on an extension (1 store room basically). Once we removed the trim, there was no wall it was attached to.... Had to reframe whole fucking thing. Most expensive window on the planet.

Side note - if you see any dirt up against wood/siding structure, assume its all rotted to hell

punkgoose17 > Neil drives a beetle and a fancy beetle 02/09/2018 at 13:35

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Congrats! Good luck on the rest of the process.

Chariotoflove > Neil drives a beetle and a fancy beetle 02/09/2018 at 13:43

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Fantastic!

smobgirl > Neil drives a beetle and a fancy beetle 02/09/2018 at 14:09

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That sounds awesome! Seems like the house has some character but should be pretty low maintenance. Best of luck with the rest of the process!

(And thanks for the clown shoe!)

Mid Engine > Neil drives a beetle and a fancy beetle 02/09/2018 at 14:24

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I guess I missed earlier posts, what city are you in?

Future next gen S2000 owner > Neil drives a beetle and a fancy beetle 02/09/2018 at 15:09

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I must be the only person that doesn’t like old houses. 1990+ please and thank you.

Get a good inspection. The negotiations aren’t over. Good luck.

Neil drives a beetle and a fancy beetle > Mid Engine 02/09/2018 at 15:13

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Minneapolis

Neil drives a beetle and a fancy beetle > Future next gen S2000 owner 02/09/2018 at 15:17

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I’m impartial to age and more concerned about location and quality. There are probably a handful of houses in the neighborhood newer than 1990s. There is one brand new house and it sticks out like a sore thumb. I’d be surprised if the inspection came back with much but you never know.

Neil drives a beetle and a fancy beetle > ITA97, now with more Jag @ opposite-lock.com 02/09/2018 at 15:19

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We are thankfully living with family right now. Selling and buying at the same time must be hard. You are right it seems like a miracle that people make it happen.

Duck Duck Grey Duck FTMFW! > Neil drives a beetle and a fancy beetle 02/09/2018 at 15:59

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Yay Minnesota!