Well it does appear that my home purchase just fell through. I put the offer in on this place in January. Yesterday the “negotiator” placed a counter offer that was some 20-30 thousand above the original asking price. Not my original offer, but the original listing price.
I was asked if I wanted to counter offer something higher than my original offer. I suppose that they expected me to do this.
After thinking about it, I said No.
There were a number of things that made the home itself a bad deal, but the biggest thing was that there were very large HOA fees attached to the home, and these fees never go away. And the HOA restrictions were not light. I was consigned myself to the fees with the fact that the home itself was pretty much a bargain.
My Agent was very surprised and sent me an email trying to explain how the price was set by looking at other home that have sold in the area, etc etc etc….and such. She thought I had fallen in love with the home and would be willing to pay much more for it, since on my loan application it indicates that I qualified for a much larger loan than I wanted. This just SMACKS of the old attitude of “get the most you can” which is why so many people are struggling in large palatial like homes they can not keep up with..
I said No again.
I feel some freedom here in that I can save some more money, rent for one more year, and be in a much stronger position, as the market for housing will probably continue to go down in Florida.
I feel some annoyance for a few reasons.
* The realtor never called me to discuss things with me, only sent me a few emails, so I don’t think she ever worked too hard on this sale. So I won’t be using her again.
*There will be no kittens in this apartment! It is just too small.
* I was kind of looking forward to decorating and spending some of that money I have been saving.
I gotta admit though. NOW, I do have a lot of liquid cash saved…I might just take a trip somewhere that requires a passport!!!!
I am pleased that I was able to say no and not feel a complete loss, as I had been planning on owning that home for 3 months. But I do feel a little loss!