On a path a Michelle Jones type situation

We Tried to Buy A House

We tried to buy a house on Thursday. It was put on the market early Thursday morning. By 4:00pm we were there looking at it, by 7:00pm we had submitted an offer. We offered full asking price and very few concessions from the seller so the assumption is we were simply outbid. Asking price was the very top of our price range so we couldn’t go any higher. It was a very lovely house; I’d describe it as 85% perfect for us. We are disappointed.
I was quite sick on Thursday, the drive down to Louisville about did me in, so I’m not sure if it was the illness or plain nervousness that made me so nauseous while we were writing the offer. As we sat filling out pages and pages of paperwork I grew very nervous and fearful of the whole buying process, but now I’m just disappointed. Part of that disappointment is simple anxiety over our apartment lease ending in about 6 weeks and us not having anywhere to live after that. Part of it is that we’ve been looking for weeks and this was the first house that we’d even considered actually purchasing. I keep reading that now is such a great time to be in the market to buy a house but it’s not turning out to be our experience at all. Part of the problem is that Louisville is such a great town that comparatively speaking there are very few houses on the market and they maintain resale value very well.


1 Comment

I think the “bad housing market” is v true in the many areas that bubbled while interest rates were superlow. Now that they’re just low, we’re seeing genuine high-growth areas (like where I’m at, and Lville too) maintain a fast market. Sorry this one didn’t work out. But- fast market means that something else could come up in the next couple of weeks w/time to close before you’re out of a lease!

Posted by neogrammarian\ on 7 June 2007 @ 10pm