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Anonymous
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 Posted: Mon Nov 26, 2007 9:26 pm Post subject: Thoughts from House Hunting |
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We looked at seven houses (supposed to be eight) this past Saturday and I thought I'd share my thoughts on the day with you. Here goes:
-Most sellers are still not fully reflecting market conditions in their pricing. I've seen about 40 homes since this past summer and I'm pretty familiar with what homes should sell for -- and many are still way over-priced. It's almost as if they know buyers will be asking for deep discounts so they are purposefully pricing their homes higher to compensate.
-For goodness sakes, if a buyer is looking at your home, be sure you're NOT there. Of the seven homes, two still had the owners at home, and as buyers, we just didn't have the freedom to look as closely as we wanted (which means we weren't as interested when we left -- we just blew through them.)
-We couldn't see the eighth house because the guy's wife "couldn't get the house ready on such short notice." (Three days.) No wonder their home has been on the market for six months now.
-There is no perfect home. To try and get the land, the house, the location, the design, and so on to be all something we like is not going to happen. As such, we're sorting through our priorities and ranking what's the most important to us.
-Looking through all these homes makes us really appreciate our home more. We like the design and size of our home. If it was only on more land and in a different part of the city, we wouldn't be looking at all.
-Two of the places looked interesting and we may make a lowball offer on one of them. Our next steps are to ask some questions and see the homes again.
-It's good to have a couple of contenders. That way, the sellers (and our own agent for that matter) know that we have other options and they'll be as motivated as can be.
-One of the homes we like has no one living in it. The owners moved to Texas and, according to our agent, are desperate for an offer. Music to my ears. 
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