affreca: Cat Under Blankets (Default)
[personal profile] affreca
We've gotten the married part out and the job part (at least for [livejournal.com profile] lawnchairof the way, so we've started on the property owning part. First big step was securing a pre-approval letter from the bank (don't worry, we're cheapskate paranoids with math, so it is something that shouldn't get us in trouble). Next step was going to an open house for our favorite prospect (otherwise known as the purple house). Told the realtor what we were willing to pay, and told it was to little (by the owner. Realtor claims to agree with us that the owner is asking to much, but the realtor might be trying to get this one sold as it has been on the market for almost 6 months).

So we decided to get our own realtor. We get to meet with her tonight. We'll see. First house she suggested is outside what we're willing to pay. I don't want someone who keeps trying to upsell me. I know how much we can afford. And the house is one I used to know. In my childhood neighborhood, where a friend from elementary school lived. I want to tour it, even if I don't want to buy it.

Date: 2009-02-26 06:10 pm (UTC)
From: [identity profile] lisichance.livejournal.com
Getting your own realtor is a good idea. Sometimes bureaucracy sucks, but sometimes having that extra link in the chain can get you a much better deal.

I find it weird that anyone with their house on the market that long would balk at lowering the price- unless it's over mortgaged and your offer would not pay back their mortgage.

If you ever decide you want to branch out into owning rentals, I'll sell you my rental house. There's nothing wrong with it, it's just that after working full time in a rental house office, going home and doing more of the same isn't fun.

Date: 2009-02-26 06:29 pm (UTC)
From: [identity profile] affreca.livejournal.com
We don't have anything against buying a house that has been a rental, it just has to fit with all the other requirements we're looking for (3 bed, 1 1/2 bath, large yard and in our price range and not about to fall down).

My theory is that the owner was originally planning on flipping the house to make money, and feels our offer doesn't cover the work she did. However, she only got halfway through the work (downstairs is pretty nice, but the upstairs needs to be repainting and one room needs floor work and possibly plumbing). I'm trying to forget about it because I'm partially in love with the house and need to be strong about what I'm willing to pay.

Date: 2009-02-26 07:55 pm (UTC)
From: [identity profile] lisichance.livejournal.com
My rental is too big, then. Plus, the yard is too small. Ah, well.

What price range are you looking for? And is there a specific area of town you're looking in?

Date: 2009-02-26 08:12 pm (UTC)
From: [identity profile] affreca.livejournal.com
Size is the minimum we want (i.e. slightly better than we currently are living in), but yard is the biggest want. Purple house has more room than we currently need (enough that we would have been willing to have a roomate), but it has 0.8 acre of yard (huge).

Our price cap is $150 K, though we'd prefer something around $130 K. We're not picking about neighborhood, though would prefer not to be in the burby parts of town. I want a house that doesn't look exactly like the neighbors.

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