We put a bid on a home last week. A older home, one that has been on the market for 3 months, one that needs a new kitchen, all new appliances, new bathrooms, updated wiring, a new garage door, and new driveway pavement. Oh, and the basement had a leak we never did get full details on. Our agent (Frank) presented them with a figure and it was rejected soundly. Very soundly. Their faces dropped, and their eyes clouded with anger.
First they kicked Frank out of the house.
Then their own Real Estate Agent was tossed to the curb.
And there both agents sat for 45 minutes until the homeowners called them back in with an ultimatum: "We will only sell at this amount. Take it or leave it"
And so Frank left it.
"Aren't you going to call your people?" They asked his back.
"I don't need to." he replied. "They aren't going to pay that for a home in need of so much work." He left them slack jawed and angry.
"We're taking the house off the market!" They wailed.
You do that folks. Go right ahead. But I am not paying over $300,000 for a home that needs a minimum of $50,000 in work.
It is still on the market.
Our search goes on.
6 comments:
I'm not a big believer in karma, but with houses, I've learned that, when a sale falls through, it's for a good reason... so don't let it upset you. There is always another house out there, waiting to be discovered (or to be put on the market). And chances are, it will better than the sale that never was.
Sounds like it wasn't meant to be and given the way things went, best just to walk away!
You will find something perfect, don't give up. (Not that you can give up...)
Thanks Geoff and NM, it has been a source of worry, but I am going to try not to freak out until at least June....
Sweet Jesus. Are you living in/near Toronto?
I live in the Durham region, just outside TO. Why do you ask?
HI there! just jumped over here from Pioneer Woman. I was supposed to spend a summer in Newfoundland, living in an apartment looking out at the sea and writing a book. I spent a summer there as a kid and loved it!
Good luck with your house search.
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