So we've been on the house hunt since February.
We've had zero luck. It's awful. It sucks!!!!!!!! What makes it harder is watching friends in places put an offer on the house and get it. I don't know all the details of thier home purchase, of course, but I feel like their purchase process has been easier than ours has been.
Here's our history. Keep in mind, these are only the houses we've put an offer on. We've looked at probably 18-20 houses. (We looked at 12 houses within the first week Dave was home from deployment.)
Mid-February: Hanford Dream-House - $265k
3 bedrooms, 2 full baths, bonus room in basement, pool
I found my dream house. And it's in HANFORD. Who knew?! Priced at the very top of our budget, this house had it all. Located walking distance to Downtown (Superior Dairy, Thursday Night Markets), built in 1911, purchased from second owner in 2000, the house was rebuilt from the studs up in the keeping with the original design of the time period. There were even some old original doors with original glass doorknobs. GLASS DOORKNOBS! It was on a half-acre with a fenced off garden, pool, covered patio. A single car detached garage - which may have been part of the original NAS Lemoore barracks). The only house I will love in Hanford. Since Dave was still deployed, I inserted a contingency that the approval of the house was based on Dave seeing it within 15 days.
......Le sigh.......
Not accepted. Contingency and VA loan were stated as reasons.
Late February: Conklin Approved - $235k
4 bedrooms (one without a closet), 2 full baths, open floor plan, pool
This foreclosure had the Conklin's approval since it was one block away. Needed some TLC, but in general good repair. A good easily rentable investment.
Outbid, possibly a cash offer.
Early March: The Random One - $225
4 bedrooms, 2 full baths, pool
A Short Sale. This one was not in the neighborhoods we'd been looking in, but it met all the other prequalifications. A nice house that needed some work on the back yard (who puts gravel throughout one-fourth of the backyard?). We put in an offer (total low-ball offer), went to Hawaii, three days in the vacay, we get a counter offer with notification that the seller's have received another offer that was higher than the counter offer they offered. UGH. We decided to significantly - when I say significantly, I mean SIG-NIF-I-CANT-LY - increase our offer.
Outbid. Currently the back-up offer.
Early April: Superb Rentablity with Conklin Approval - $220
3 bedrooms, 2 full baths, pool, hot-tub, open floor plan
So this one is an interesting one. Another Short Sale. By a CDR/squadron CO. They were only $40k underwater, so we were confused as to why it was a short sale to begin with. It also was priced low for the neighborhood/amenities to create a mulitple offers situation. Well, congrats, jerks. You did. The house was listed on Friday, seen by four potential sellers. By Monday there were three offers. The buyer countered all offers asking for "H&B," highest and best offers. I'm not gonna lie. We offered a significant amount of the asking price and included all closing costs. We thought we had a strong offer. And it was. But who can compete with an all cash offer. UGH. FOR SERIOUSLY!?
Outbid by all cash offer.
So that's our story. I know that "normal" length of time it takes to find a house is six months. And we aren't there yet. But I am sooooo flippin' tired of getting outbid. On every house we've been one of at least three offers! Seriously!! I have to remind myself that Hanford, because of its proximity to NAS Lemoore, is not representational of the rest of the market. I feel like nowhere else are people fighting to get a house. This market feels more like 2007 than post-crash 2012.
That's the rational side of me.
The emotional side of me is more like this: Is our realtor actually doing her job? Is she representing us well? We are a NO-RISK LOAN. Really - the loan agent double ran our credit because she hadn't seen anything that high in a while. And we were the first offers on each of these houses. How is that fair? That people who are Johnny-come-lately get the house that we saw first? It's not fair. Also, I think that most realors as skeezeballs.
Additional worries include the spring-summer bump. Housing prices go up. Poopface.
We've had zero luck. It's awful. It sucks!!!!!!!! What makes it harder is watching friends in places put an offer on the house and get it. I don't know all the details of thier home purchase, of course, but I feel like their purchase process has been easier than ours has been.
Here's our history. Keep in mind, these are only the houses we've put an offer on. We've looked at probably 18-20 houses. (We looked at 12 houses within the first week Dave was home from deployment.)
Mid-February: Hanford Dream-House - $265k
3 bedrooms, 2 full baths, bonus room in basement, pool
I found my dream house. And it's in HANFORD. Who knew?! Priced at the very top of our budget, this house had it all. Located walking distance to Downtown (Superior Dairy, Thursday Night Markets), built in 1911, purchased from second owner in 2000, the house was rebuilt from the studs up in the keeping with the original design of the time period. There were even some old original doors with original glass doorknobs. GLASS DOORKNOBS! It was on a half-acre with a fenced off garden, pool, covered patio. A single car detached garage - which may have been part of the original NAS Lemoore barracks). The only house I will love in Hanford. Since Dave was still deployed, I inserted a contingency that the approval of the house was based on Dave seeing it within 15 days.
......Le sigh.......
Not accepted. Contingency and VA loan were stated as reasons.
Late February: Conklin Approved - $235k
4 bedrooms (one without a closet), 2 full baths, open floor plan, pool
This foreclosure had the Conklin's approval since it was one block away. Needed some TLC, but in general good repair. A good easily rentable investment.
Outbid, possibly a cash offer.
Early March: The Random One - $225
4 bedrooms, 2 full baths, pool
A Short Sale. This one was not in the neighborhoods we'd been looking in, but it met all the other prequalifications. A nice house that needed some work on the back yard (who puts gravel throughout one-fourth of the backyard?). We put in an offer (total low-ball offer), went to Hawaii, three days in the vacay, we get a counter offer with notification that the seller's have received another offer that was higher than the counter offer they offered. UGH. We decided to significantly - when I say significantly, I mean SIG-NIF-I-CANT-LY - increase our offer.
Outbid. Currently the back-up offer.
Early April: Superb Rentablity with Conklin Approval - $220
3 bedrooms, 2 full baths, pool, hot-tub, open floor plan
So this one is an interesting one. Another Short Sale. By a CDR/squadron CO. They were only $40k underwater, so we were confused as to why it was a short sale to begin with. It also was priced low for the neighborhood/amenities to create a mulitple offers situation. Well, congrats, jerks. You did. The house was listed on Friday, seen by four potential sellers. By Monday there were three offers. The buyer countered all offers asking for "H&B," highest and best offers. I'm not gonna lie. We offered a significant amount of the asking price and included all closing costs. We thought we had a strong offer. And it was. But who can compete with an all cash offer. UGH. FOR SERIOUSLY!?
Outbid by all cash offer.
So that's our story. I know that "normal" length of time it takes to find a house is six months. And we aren't there yet. But I am sooooo flippin' tired of getting outbid. On every house we've been one of at least three offers! Seriously!! I have to remind myself that Hanford, because of its proximity to NAS Lemoore, is not representational of the rest of the market. I feel like nowhere else are people fighting to get a house. This market feels more like 2007 than post-crash 2012.
That's the rational side of me.
The emotional side of me is more like this: Is our realtor actually doing her job? Is she representing us well? We are a NO-RISK LOAN. Really - the loan agent double ran our credit because she hadn't seen anything that high in a while. And we were the first offers on each of these houses. How is that fair? That people who are Johnny-come-lately get the house that we saw first? It's not fair. Also, I think that most realors as skeezeballs.
Additional worries include the spring-summer bump. Housing prices go up. Poopface.