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House Buying Anxiety

Posted on 7/27/09 at 2:46 pm
Posted by jglass3lsu
Member since Jan 2007
883 posts
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?
This post was edited on 7/27/09 at 2:47 pm
Posted by TigerinATL
Member since Feb 2005
61685 posts
Posted on 7/27/09 at 2:56 pm to
$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 by LSURussian
Member since Feb 2005
127355 posts
Posted on 7/27/09 at 3:05 pm to
If you and the wife are happy, don't look back. Enjoy your new castle!
Posted by AUFanInSoCal
Orange County
Member since Nov 2007
1616 posts
Posted on 7/27/09 at 3:35 pm to
Got some really nice upgrades with that house. Congrats.
Posted by Fat Man
Gotta Luv Cov ... ington
Member since Jan 2006
7063 posts
Posted on 7/29/09 at 7:56 am to
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 by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40518 posts
Posted on 7/29/09 at 2:09 pm to
BAD IDEA!






...to blast all over your future home address on TD.COM that is.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/29/09 at 9:05 pm to
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.
Posted by TX Tiger
at home
Member since Jan 2004
35706 posts
Posted on 7/30/09 at 12:58 pm to
quote:

House Buying Anxiety
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.

Go for it. I don't know if that's considered the Heights or not, but that's what housing is going for out there. Probably $250K for the lot and $95K for the improvements.
That's the going rate out there.

BTW, there's a great coffeehouse; Waldo's at 1030 Heights Blvd. In the back, there's a sign nailed to a tree, "Tigers Fan Parking."


Good luck with the house....and enjoy!
This post was edited on 7/30/09 at 1:00 pm
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