Thursday, April 11, 2013

It pays to be patient

We are buying a new house.  House shopping can be fun.  It can also be frustrating.  This is supposed to be a buyer's market, so I anticipated getting a good deal.  However, a lot of people paid too much for their home and now they just won't be reasonable about the current value of their home. 

My plan was to look at a few homes and then buy one.  That was not how it worked out.  We saw so many homes that had major problems but were priced as if they were move-in ready.  We put in offers on several homes.  One was a foreclosure and, even though we put in the highest offer, we were beat out by a cash offer.  It just didn't seem to be coming together.

The last offer we put in on a house was also rejected and I was beginning to think I would have to pay more than I was willing to pay.  Our realtor told us to stick to our plan and I'm glad we did.  The owners called back a few days later and accepted our offer.  It really does pay to be patient.

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