Housing Update
So, still haven’t heard back from the place I mentioned last post. They’re going to be reviewing offers today at 8pm and will let us know tomorrow. They said they will definitely counter, so I figured might as well keep the line in the water & keep looking.
With that, I found another place, just a stones throw away & yes, this time I took photos:
http://www.wdr1.com/gallery/album09
By total coincidence, their asking price is the same as the townhouse. The area is roughly the same, meaning I have to decide do I want a 1940s 3/1 house (roughly 1,000 sqft on 6,800 sqft lot) or a 1980s 1,70 sqft 3/3 townhouse?
Advice is welcome.
Update: So I decided to not only pass on the house, but houses in general. A house would be nicer from an investment point of view, but I realized, I just wouldn’t be as happy there. And this is more about where I want to live than an investment. I’m going to live there for 2-3 years at least, so being happy with it is the most important.
On the townhouse front, they came back yesterday with an counter reducing their price just a tiny bit, so I countered back going up just a tiny bit. A fair size gap still separates us in price. The seller’s agent let my agent know that they would review the counter today and that there was an offer in higher than mine. This mythical Other Offer has been out there from the beginning, but we both doubt it’s actually there. Hopefully, we’ll find out soon enough.
8/1 Update: Looks like there actually was another offer and apparently better than mine. In a nutshell, “no townhouse for you”!
July 28th, 2005 at 8:04 pm
I’m going to assume it’s 1700 sqft and not 170. I think you actually take up more than 170 sqft even if you don’t lift your arms.
I think you need to figure out what you spend most of your time doing. If you want to garden, build a volleyball court or a jacuzzi then the house might be better. But a 1000 sqft is pretty small.
For me it would be an easy choice. I want more interior space, don’t want to care for a yard, and having only one bathroom for Laurel and I would not do at all.
But that’s me. You might want to take stock of what you spend most of your time doing and what kind of space you need for that.
July 28th, 2005 at 11:32 pm
Spot on, Mr. Walker. I actually came to basically the same conclusion for similar reasons.
July 30th, 2005 at 4:36 pm
I hope the negotiations go your way. Also congrats on making the decision on which kind of place to get. In the end all the advice in the world unless it’s “do what makes you happy”.