What are your home dealbreakers?
March 13, 2017
We’ve been going over our priorities for a new home for weeks now. There are the obvious ones: near public transit, in good school districts, walkability score, safety.
Then there are the personal things: I don’t want anything with stairs, my joints need to avoid that kind of daily up and down. He wants something facing east.
What’s tough is that this market is unnerving and bizarre. Most listings are in contract within 7 days of the open house, if not sooner, typically sell for 20% over their list price, and it’s not uncommon for them to go for more than that.
It’s such a seller’s market that we’re at a huge disadvantage making offers against people who have oodles and oodles of money. We can’t make an all cash offer, and we aren’t willing to go into a multi-million dollar loan. In some ways, it’s a good thing. We simply can’t be tempted to buy too much house! (And who wants to clean 5,000 square feet of living space??)
I looked into foreclosures but they’re priced just as badly, well north of $500K, and the buyers would have to take on the property as is. It’d be one thing if I were healthy, we can learn to be handy, but since I’m not, and we’re not renovation experts, that’s out.
We’re seeing some trustee sales which mean there’s less information available, but that doesn’t stop people from buying, and some are even buying sight unseen before the listing agent has a chance to host an open house!
Speaking of weird, I’ve even seen houses renovated without things like full showers or ovens. What? Who completely removes an oven from a kitchen? These Bay Area people, I don’t understand them. Who puts in a shower so narrow that I’d be claustrophobic in it? I’m tiny, and can fit into some bizarrely small places, but those showers are scary. Then there’s the places with almost mini-fridges. I think that’s an old timey thing, when fridges weren’t the monsters they are today, but we need our fridge space. We’re big eaters, here!
It’s strange, I tell ya.
The other half of my work this quarter is getting our place ready to sell, which means going through all kinds of disclosures that we’ll have to declare (nothing major, a few dents and scratches), and learning what sellers are required by law to declare.
One of the disclosures stood out to me: sellers must declare whether there’s been a death in the home in the last three years.
Would you be bothered if there had been a death in the home that you intended to buy, assuming it was because of natural causes?
I’m not sure if it would bother me, but I’m not sure we can afford to be picky about that, either 😀
As PiC said, “what are you gonna do when you’re bringing a knife to a gun fight?” (Me: “Bring TWO knives!”) We are enormous dorks.
Edit to add information people have shared on Twitter
Death doesn’t seem to bother anyone but you have to actually asked if meth was ever made in the home, they aren’t necessarily required to disclose that, and you can still get sick even after it’s been cleared out.
:: Would you consider a home that didn’t have a built in stove, oven, dishwasher, or fridge? What would you be willing to give up? When’s the last time you had to go home-hunting?
*Part of Financially Savvy Saturdays on brokeGIRLrich.*