I am finding that to be true.
I am the owner of a Century 21 franchise, and I have been in the real estate business for the last 14 years - you'd think I lived in one phat house. Not so. We bought our little Victorian charmer a few months before Amber was due to arrive, as it was more reponsible to buy SOMETHING than to raise a child in an upstairs apartment. Now said child is 12, Roger and I are face-to-face with the fact that we have outgrown our little home, and we are looking to either buy or build. We are the worst clients EVER. I've seen every house on the market - and nothing is good enough.
Appropriately, I got an email this week with the following images:
Your house as YOU see it...
As your LENDER sees it...
As your BUYER sees it...
As your APPRAISER sees it...
As the TAX ASSESSOR sees it...
All very true. I'm already tired of looking. And Roger is getting excited about the shopping/buying/building prospect - almost as excited as he got when I told him that I was buying him a bass boat, just "go pick it out."
I think I'll surprise him with a new truck.
3 comments:
Hi, just popped over for a read of your site. I liked your comments and the pics. Cheers ;-)
As a practical observation, when interest rates rise, asset prices ( including resdential real estate ) tend to drop. So it might be prudent to wait a bit until the air has been let out of our housing bubble. You can refinance a mortgage and pay a low interest over most of the life of you loan, but you can not reduce the purchase price on the house you buy or build.
So do you buy a high priced house and get a low rate or wait and get a lower price and a higher rate? Unless other factors outweigh...wait. The higher rate will be temporary.
Advice from Joe H.
Wait a minute! I thought you guys were building a house. What happened Tiff? If you have changed your plans (and I don't mean blueprints) you have a duty to keep us informed!!!
Unless of course I missed that post, then I take it all back.
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