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Started By
Message
House Buying Anxiety
Posted on 7/27/09 at 2:46 pm
Posted on 7/27/09 at 2:46 pm
The wife and I offered asking price on a home. Then we learned that another offer was turned in above asking. Our offer was accepted. Getting anxious as this is by far the largest purchase I've made to date.
House
We can afford it, and the wife really likes. Good idea or bad idea?
House
We can afford it, and the wife really likes. Good idea or bad idea?
This post was edited on 7/27/09 at 2:47 pm
Posted on 7/27/09 at 2:56 pm to jglass3lsu
$344k for 1586 sq ft built in 1953? I don't know too much about Houston real estate, but unless you got it way below list price or you work nearby I'd say you probably could have gotten a much better deal in the Houston area.
Posted on 7/27/09 at 2:58 pm to TigerinATL
quote:
$344k for 1586 sq ft
That's well over 200 a square foot
Posted on 7/27/09 at 3:04 pm to LSUtoOmaha
I guess should qualify our decision making process. We both want to live inside the loop, and would like a freestanding home which does not require renovation.
Posted on 7/27/09 at 3:05 pm to jglass3lsu
If you and the wife are happy, don't look back. Enjoy your new castle!
Posted on 7/27/09 at 3:06 pm to TigerinATL
quote:
built in 1953
make sure whoever does your inspection is good
Posted on 7/27/09 at 3:09 pm to jglass3lsu
Thats a nice home in a nice part of houston and at a decent price for the area. I myself am not buying another new or renovated house again until i build my dream house where i plan on planting my arse for 10-15 years at least.
Posted on 7/27/09 at 3:35 pm to jglass3lsu
Got some really nice upgrades with that house. Congrats.
Posted on 7/27/09 at 3:49 pm to TigerinATL
quote:
but unless you got it way below list price or you work nearby I'd say you probably could have gotten a much better deal in the Houston area.
+1
That price sounds really high.
Posted on 7/27/09 at 3:53 pm to Zach
Over 200/sq ft is pretty much the standard for decent Houston neighborhoods inside-the-loop.
Posted on 7/27/09 at 5:24 pm to lsugradman
For a house almost 60 years old? Really?
Posted on 7/27/09 at 6:24 pm to Zach
The lot accounts for almost 3/4 of the value of the property.
Posted on 7/29/09 at 2:17 am to jglass3lsu
Your exit is TC Jester, not Shepherd. Please alert your neighbors that choose to get off at Shepherd and take the left on 11th and frick up traffic.
Posted on 7/29/09 at 7:56 am to jglass3lsu
quote:
We can afford it,
Evidently many of the decisions you've made in life to this point have been good decisions. Congrats.
quote:
and the wife really likes.
Always a good thing.
It looks like whoever remodeled the home did a really good job. Granite in kitchen is a must, in the bath is lagniappe.
Plantation shutters are ridiculously and surprisingly expensive. Not having to cover those windows = saved $$$.
Really nice yard. Don't know Houston market, but sounds like a very good area, which I find to be better long term than a "good deal" in a lesser location.
All in all, well done.
Posted on 7/29/09 at 2:09 pm to jglass3lsu
BAD IDEA!
...to blast all over your future home address on TD.COM that is.
...to blast all over your future home address on TD.COM that is.
Posted on 7/29/09 at 2:15 pm to LSUtoOmaha
You guys get way too hung up on this price per square foot stuff. The land values in sought after in-town areas in major cities is through the roof.
Posted on 7/29/09 at 2:25 pm to Martavius
quote:
You guys get way too hung up on this price per square foot stuff. The land values in sought after in-town areas in major cities is through the roof.
not to mention getting so ben out of shape on the age of the house. my house was built in the same year and the quality of the materials is 10x's better than that of most new houses.
Posted on 7/29/09 at 2:27 pm to Loubacca
My house was built in 1954 and the wood in the studs is so dense that if you don't drill pilot holes, you can't drive a screw into them. They just break off.
Square corners and what not are a completely different story but that fricker is solid.
Square corners and what not are a completely different story but that fricker is solid.
Posted on 7/29/09 at 9:05 pm to jglass3lsu
Reminds me of my first purchae. Had just moved from BR into Arlington VA. I knew prices would be much higher but was a bit apprehensive about offering $225/sf. I got it and moved in.
My first HOA meeting one of the officers was looking over recent sales and commented that someone had bought a place at an amazingly high price, the highest in the neighborhood ever, in fact. It was, of course, mine. Scary.
But that was in 2002. The current appraised value is about $440/sf even after the bust. A couple of years ago comps were around $500/sf. So sometimes it works out anyway.
Get over the jitters and get into your new home! So long as you can make the payments it's all good.
My first HOA meeting one of the officers was looking over recent sales and commented that someone had bought a place at an amazingly high price, the highest in the neighborhood ever, in fact. It was, of course, mine. Scary.
But that was in 2002. The current appraised value is about $440/sf even after the bust. A couple of years ago comps were around $500/sf. So sometimes it works out anyway.
Get over the jitters and get into your new home! So long as you can make the payments it's all good.
Posted on 7/29/09 at 9:11 pm to foshizzle
Are you still in the Arlington area?
I am interning in McLean right now and have the opportunity to get on full time so I may be moving up to N. VA soon enough
I am interning in McLean right now and have the opportunity to get on full time so I may be moving up to N. VA soon enough
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