So I've been mostly using redfin to find a house. It's slow going, but it is really picking up. I met a realtor I like and she appears to really know the area I am interested in buying. She's been buying and selling since the 90s in the area and can easily name streets and values and locations. Even gave me an honest opinion about schools/location/value and how it affects home prices. We haven't meet yet and are meeting tomorrow in person.
She insisted on showing us 3 homes to see how we react. And she wanted to meet DH and I both. She's basically going to evaluate how we react.
Unfortunately a couple of red flags went up. Sigh. I am probably going to get a lot of hate from realtors from saying this but I have the emails between this realtor and myself proving it.
She suggested that we use her mortgage person because they will help us win in a bidding war situation. She is doubtful we'll be able to be picky because we are only putting down 25-30% cash and to be really competitive we need to be at 50% down or all cash. She said she usually waives the inspection and mortgage contingencies.
These things has already brought out the worse in my DH. I'm wavering. We might have to step back out of this market and rent for a number of years just because we can't afford to do these things. We discussed it last night and the truth is that my DH says we're being responsible by not letting go of things we think protect us. I think we need to hear her explanations of why she suggests these things to people and it's possible we won't work with her. Solely because we can't stomach the terms.
Right now I shudder at the thought of renting for another few years. I already miss having a dog and want another but we had made an agreement that we would wait until after we moved into out house so we wouldn't have to deal with our landlord and another pet deposit. Or finding another rental that takes dogs. And I don't really want to move the kids.
But what should we do? Just look and see if we can win something? Do it our way and hope we can buy and still stick to our terms? How much do we risk? These next six months is going to be stressful.
another one bites the dust
January 20th, 2017 at 09:33 pm
January 20th, 2017 at 10:25 pm 1484951114
January 20th, 2017 at 10:53 pm 1484952814
January 21st, 2017 at 12:31 am 1484958671
January 22nd, 2017 at 06:54 pm 1485111251