Tuesday, May 19, 2009

House Update

Here's the skinny on the house situation...we are 0 for 6. Yes, we've made 6 offers and had no luck! The housing market is ridiculous right now.

House #1--great house, near train tracks that haven't been used in years, found out city is going to revitalize the tracks to use for the Trax system. We pulled out of that offer
House #2--owners decided to rent it instead of sell it and hope the market gets better next year so they can sell it for more
House #3--waited 1 month to find out there was a lien on it that can not be taken off for some reason, so it cannot be sold. Note: It was built at the end of 2007 and has never been lived in
House #4--next door to house #3, has been sitting unoccupied since 2007, found out our offer was accepted while I was on the runway flying to Utah to look at houses again because nothing was working out. Pulled out of the offer because after looking at houses again we realized it was priced too high for the market
House #5--looked like we were going to get an acceptance then they decided to try to refinance.
House #6--Bank owned, won't take anything less than what is owed even though the realtor said the appraisal won't support the amount owed.

I think we are in the lead for the worst luck buying a house. Actually, it seems lots of people are in the same boat. The market is crazy. Good thing we have a couple of tents and some sleeping bags.

I think the plan now is to rent for a month and try again once we are out in Utah to find a house before school starts. I'll keep you updated.