We've seen 32 houses in a little over a month. That is obscene, compared to the posts I've read about first-time home buyers. Two bids so far and no luck. I've picked out yet another slew of potentials online today. Please, please let one of them be it.
Picking up where we left off, our highest and best offer was competitive for the market, but not for the law firm that holds the property. They countered with $290,000, which we would not meet. The house was not worth that price, considering the unknown amount of work that it would need to pass inspection. It was a gamble we could not make, regardless of how beautiful the house COULD be.
We saw 6 yesterday. While they all could have worked, none were it. Our lack of particular interest in any of these houses has got us very frustrated and confused. We don't want to settle for any house. We'll be living there for at least 5-8 years, and I'd rather not be hating it once we move in. We have a little bit of time, time enough to where we can still be discerning about where we live.
Back to the drawing board, for what we want and what we will need in our future home.
1) We are no longer factoring in my mother moving in with us. While it is a generous offer, and one that we will offer again, we can't risk our credit or having to make super high payments just to accommodate IF she decides to move.
2) Closet space and openness are a key requirement.
3) Basements aren't a must, but an escalated list price better have one. If one house has a finished basement for $260K, and another has no basement and is listed for $270K, that has to be taken into account.
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