Haven’t updated in a while, so I guess I’m overdue.
Not much has been happening since returning to work, but there was a bit of house angsting.
There’s a house a few streets over that had been for sale last October for around $250k that we passed over because it was rather terrifying and needed a *ton* of cleanup. Well, some company bought it (at around $240k), cleaned it up, and put it back on the market last week at $435k.
Since we’ve been looking at houses, the rule has pretty much been “no flips”, because we have no way of knowing whether the work was done well or not, and flips are usually overpriced with rather shoddy workmanship. So it was rather a surprise when we went to this house and… rather liked it, even though it certainly met all of the usual “overpriced and badly renovated” bullet points.
The price was a no-go for us, but we spent a while pondering anyway if we should make some offer on the house at a number we could actually stomach.
But that turned out to be unnecessary, as another house came on the next day that was amazing… and had been lived in for many years. The price was right, and the neighborhood was awesome. We spent the time walking through the first three floors going, “Yeah, yeah… this is our house.” But then we saw the basement, which was the wettest basement we’ve seen in any house yet, and needed a lot of work. And the house was situated on a semi-main road, so the traffic noise was problematic. So, in the end, we passed on the house due to the traffic noise. And that was unfortunate, because the basement was fixable, and the rest of the house was pretty much perfect.
Another house soon came on the market that looked reasonable. Actually, it was situated between two (similar) houses that recently sold: one that we saw and passed over because it was in such bad condition, and another that looks like it would have been amazing, but came on during the few days before our wedding, when we had exactly zero time for house things. But the asking price of this one is crazy (higher than its neighbor, even though it has had significantly less done to it), and they are refusing to show it until late June even though the listing came on already. So who knows.
Our agent seems to have taken a strong disliking to the owners of the house, so I’m kind of hoping we end up hating it. (Certainly, pricing your house ~$60k too high and prematurely listing it don’t exactly give potential buyers a good first impression of you or your property.) It also seems strange that three houses in a row would sell within 2 months or so of each other. Makes you wonder what’s wrong with the area.
We’re going to follow that and see it once we can, I guess.
We saw another house today that meets pretty much all of our requirements (neighborhood, nummber of bedrooms and bathrooms, yard, parking, layout, workmanship)… except for price. For some reason, the owners of this place thought they could get $750k for a 4-bedroom 2.5-bathroom house?! It doesn’t even have a finished basement, or any particularly amazing renovations that would justify such a crazy asking price. (It does have a large yard and 2-car garage though, but that’s not sufficient justification for pricing $200k higher than the market for that area.)
Our agent agreed that the pricing was insane, so there’s nothing for us to do here now. We may follow it to see if they come to their senses and lower the asking price by $200k or so. But that would still be on the higher end of what we would be willing to pay, so meh.
So the search continues. But at least the number of “good” houses we’ve seen lately is promising, compared to the state of the hunt at this time last year.