Saturday, May 31, 2008

Still Looking

House hunting is everything I thought it would be. Real Estate people have there own set of rules that they have brought with them from their home world. Yes I believe that there are aliens among us. Everything they do seems to be tilted. The real cost of things is based on as they say," location ,location ,location." that means the real cost of the property is mainly the ground it sits on. The same house built by the same vendor by the same construction company can vary wildly if it was built in the OC and not the IE. This part I get.
What seems other worldly to me is when they take the same area and use different houses (one is still decked out in its 70's glory, the other has "upgrades") They want you to decide on the price by basing on prices of other homes, or the "potential" of the house. I understand you can do $35,000 in make overs. Why does this make the house worth $100000 more? The cost of the land doesn't change. They tell you 3 other houses in the area sold for (insert $ here) and you should pay what they paid or you're bringing everyone elses value down.
Imagine buying a car for sticker value because somebody else did before you. Oh and we won't tell you if the one they paid for had to have new seats,no radio and 3 cylinders aren't working. They are crazy.
I am not even going to start on the financing part of this, where you qualify for certain amount and have stellar credit but somebody else made bad credit decisions so we are going to make you pay for that as well. Or you must pay more to insure that you can really pay for what you borrowed. If you don't think I can pay don't lend. AUGHHHHHHHH!!!!
Beam me up Scotty. we are going to look some more today as the other home went to somebody else...or did it? Why do they ask for back up offers? If the person whose offer they took was so great why do you want back ups?
Maybe my view will change when I've seen so many properties that they all blur into one and I really start thinking like a Realtor and can even understand their language.
Maybe a 2 hour commute each way from nowhere won't be so bad.

2 comments:

Tamar and Trevor said...

I don't want to rain on your parade but really...a TWO HOUR commute!!! Just keep looking and I am sure something will turn up. I wish I could house hunt with you. I really like that kind of stuff!

Karina & John said...

No one wants to spend 4 hours in a car all day. A little over 2? That's ok...but not 4. You'll find something.