Monday, July 13, 2009

Denied

Damn.

We didn’t get the house. There wasn’t even a bidding war. In the end we just couldn’t agree on price. And, to be honest, the seller didn’t even try.

It’s too bad. I won’t deny I’m a little bummed. Once you get to the stage where you’re willing to make an offer on a place you start to envision yourself living there and you can’t help but get emotionally attached. Thankfully our cold money grubbing hearts were still functioning and we didn’t chase after the price. Which means that we still have enough sense to realize that the allure of home ownership ain’t worth draining our bank accounts over.

I really thought we had a shot at the place.

The house is significantly overpriced given its condition and the neighbourhood. It’s been sitting on the market for two months and already had one considerable drop in price. We probably would have been willing to meet his selling price if the place didn’t need so much work done to it.

I suspect that that owner has a number in his head that he’s not willing to go below, even if that number scares most potential buyers off.

Who knows, with so few houses on the market these days maybe he can afford to wait until the supply dries up so much that someone will have to meet his price because there are no other options available.

Meanwhile, we’ll keep looking and hopefully we’ll have a little more luck with the next place that tickles our fancy.

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