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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