Yeah, it sucks when you find the right house and don't get it. Happened to us at least a half dozen times. Market is more buyer-friendly now, but, well, as you learned...
I found it helped to continually remind myself that there are plenty of houses out there, and other ones will be right, just in different ways.
Feel free to contact me offline if you need more information regarding "the rail line". Could be a mix of positive and negative, depending on its location and future use.
Our current house was either the sixth or seventh we put in an offer on (as opposed to the Glendale house which was the only one we bid on and wanted). Some were more ideal than others. There was one we really liked and it looked like we were going to get and just before the offer was accepted someone came in with a bid significantly above ours and it went away. When I first saw this house, I dismissed it, the sellers were asking for two much and the tennants hadn't moved out so it was a mess. When Judy saw it she agreed it was overpriced but we decided if we could get it for our price, we'd love it. We made an offer at what we thought was reasonable (which was about 100k under asking) it put the sellers into short sale territory, but we were able to make it work.
Short version, love in a house isn't always at first sight. It sounds like you have good advisors who can help you turn a like into a love...
One of the distinct rarities was the West LA location and the CashFlow aspect; not willing to settle down otherwise. That's the real 'rare opportunity' and the idea of having to wait till the next one (if there is one) pops up isn't pleasant; but it's what must be done. (The property had gone months without a bid, so it's even more *headdesk*)
Sixth?! Did you get outbid on the others; or did others just beat you to first bid? I hadn't realized there was that much jumping around ...
How did you deal with the home that you initially wanted being snatched away?
It sounds like you have good advisors who can help you turn a like into a love...
When you put it that way; yeah, I suppose I do. Another thing to be thankful for.
A number of them were situations where they were taking all the bids on the same day. We stuck to our budget and what we felt the properties were worth (taking into account any repairs and upgrades we would need to make) and others clearly had higher valuations in mind.
The one we liked most we just got scooped. There had been several offers and ours was the best. We were in a counter offer situation when someone came in at 50k above us (if I recall) and we weren't willing to get into a bidding war about it.
It sounds like you're looking for the kind of place my brothers each bought a few years ago (they're both in the market for SFRs now for various reasons.) They've both been happy with the duplex setups (they're very different duplexes, despite being a block apart).
Our house was the third house we had put in an offer on. The first had really cool entertainment possibilities to it, but the sellers were greedy and just wanted more than our offer. (They ended up selling it several months later for the same price we had offered them). The second had a lot of possibilities in terms of improvement. There were a ton of people bidding on it, and we failed to put in the highest offer. I tried a letter to the seller, but no luck. Our current place, we put in a bid the day after I saw it. (Got my mother and Cort to check it out the next morning and rushed right down to the realtor). Even then we ended up competing with another couple trying to buy it. We agreed to limits on that, and fortunately we were able to get it in the end
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I found it helped to continually remind myself that there are plenty of houses out there, and other ones will be right, just in different ways.
And I was right.
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Jim, thank you. I just felt a weight being lifted; you're absolutely right.
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Short version, love in a house isn't always at first sight. It sounds like you have good advisors who can help you turn a like into a love...
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Sixth?! Did you get outbid on the others; or did others just beat you to first bid? I hadn't realized there was that much jumping around ...
How did you deal with the home that you initially wanted being snatched away?
It sounds like you have good advisors who can help you turn a like into a love...
When you put it that way; yeah, I suppose I do. Another thing to be thankful for.
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The one we liked most we just got scooped. There had been several offers and ours was the best. We were in a counter offer situation when someone came in at 50k above us (if I recall) and we weren't willing to get into a bidding war about it.
It sounds like you're looking for the kind of place my brothers each bought a few years ago (they're both in the market for SFRs now for various reasons.) They've both been happy with the duplex setups (they're very different duplexes, despite being a block apart).
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