House Shopping Is Disappointing- The Fruit Tree House

I thought I was going to keep an objective view on this whole house shopping ordeal, but honestly, it’s a pretty emotional process. We are about to invest most of our savings into this place. Most of our savings people!

So, here we go. We went house shopping on Wednesday. Saw about 5-7 houses. Honestly, I lost track, but the first one we saw was the one. This makes me really sad when I write we didn’t get it. As first time home buyers we were afraid to make a commitment, and were actually surprised when we found a house we loved so much. So, we scheduled a showing again for Thursday afternoon. Oh, how I wish we had sent over a contract to the seller, and locked it in. Someone saw the house Thursday morning and made an offer later that day. The antsy seller accepted it before they got our offer. And so we became the backup offer. The probability of us getting the house as a backup buyer is 5%. Not counting it. And it was all due to timing.

So why was the house so nice?

  • Brand new a/c and heater
  • Kitchen had its own nook
  •  There was a bedroom upstairs with a loft, which we could use as our master, and be separated from the entire house.
  • Two bedrooms were downstairs with their own bathroom. This would be awesome for guests.
  • Quiet, picturesque neighborhood.
  • Easy commute
  • Right next to a huge park with running trails and ponds.
  • Ten minutes away from a community college (tenants in the future?)
  • Great price. Priced at $10K below other homes we saw in the area and so much nicer

Here are some pictures:

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Lesson learned. When you feel in your gut, just get the house under an active contract. Just do it. You can back out 7 days afterwards.

Any of you have similar stories???

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  • Oh we have totally been there. Just get the first offer in so we can get a spot in line. *Sigh* It sucks. But another one will come along!

  • I’ve been there, and there’s good news: there’s never a ‘perfect house’ and you will find another one that you love, too. This looks like a beauty, though.

    I wouldn’t beat yourself up about hesitating. I’d rather hesitate and miss than jump in and find out later that I’d totally been played (which happens far more often…..).

  • The seller I bought from was reviewing offers the evening I looked at the place. I wasn’t willing to act that quickly, so I didn’t. I did like it though. I got an opportunity to submit an offer a couple days later and I jumped on it then and got it! Having pre-approval, 20% down and a stable job really made my offer attractive.

    There were a few nice, comparable places that came on the market while I was under contract with my place. I think the biggest lesson I learned in my hunt was that there will always be another place…it could take a while before you find it though.

  • We had three different houses under contract, and all fell through for various reasons, before we finally landed our first and current home. We submitted offers on several others and missed out, and even had a couple that we fell in love with only to find out the listing agent didn’t properly update our realtor or the listing, and we spent the afternoon falling in love with someone else’s house!

    It’s a tough process, definitely. It took us over a year to finally get our home (which was a 9 month ordeal as a short sale, then a foreclosure). The whole process can be a bit of a roller coaster.

    But in the end I’m positive you’ll find a house you love, probably much more than this one!

  • Ugh, I am so sorry to hear that! You never know when someone will swoop in and buy the house you want when no one’s looking. I’m sure that another house you like will come along!!!

  • who knows, for all you know, the house could have some serious issues that aren’t apparent on an eyeball look through! so be positive that another one will come around. Good luck!

  • Oh no! I’m sure you’ll find something even better, though!

  • Just bought a house with two compromises. Price and a non-spa master bath. We missed out on 2 houses we fell in love with before that. The first one was because we wanted it to be 10k cheaper and someone else bought it. The second one was so expensive that it frightened us. Finally we just realized that to get what we wanted we had to pay the price for it. Still crazy expensive, but you do really get what you pay for…just have to pray nothing cataclysmic happens in the next 30 years…

  • I’m so sorry to hear that. I really hope you find something even better. I’m sure no words I say are very comforting. :(

  • Creepy, sounds like you are describing my exact house! Including the pictures iwth the brick fire place and siding. We made the loft into our master, too. That’s too bad that you didn’t get it. I’m sure you’ll find something you love just as much though

  • I’m really sorry to hear that. I’m pretty sure you’ll find something you’ll like more. Just keep searching.

  • I probably shouldn’t tell you this, but here’s how you can still get this house.
    What’s going to happen next is the buyers who beat you to it are going to ask for a bunch of stupid crap to be fixed. Trust me it always happens. This will annoy the sellers. In the meantime, submit a NEW backup offer that is more aggressive. Make it clear you won’t be asking for any repairs, but you’ll just want a quick inspection to make sure there aren’t any major flaws. Put a very short close date on it and be very friendly and professional.
    This will cause the sellers to refuse the offer from the first buyers and you’ll slip into the first position.
    This almost always works if you’re willing to step up on your offer.

    I should have mentioned in my recent first time buyers advice that you should always get an offer in asap. It’s very easy to get out so there’s no risk in tying up the property with paper.

  • Oh dear. I’m sorry you lost it, but perhaps with Pretired Nick’s advice you can still snag it.

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