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Last week we put in an offer on a house on a couple of acres. The house would require a lot of work to be habitable. I like the house more than M, but he is reasonably pleased with the workshop/garage the property is also sporting.
The problem is, the bank (it's a bank owned foreclosure) has never laid eyes on this place and has an overinflated idea of it's value. M, on the other hand, seems to have a very good handle on just how much time and money this place will cost us if we acquire it.
Thus, this afternoon, when the bank's counteroffer turned out to be only a token reduction in price, and M was adamant we would be wasting our money to up our offer more than a very little bit, I realized I'd have to reconcile myself to letting the house go.
I love the idea of that house on that land, but it would be a lot of work, and we do have a great setup where we are now (even if I wouldn't mind an extra room or two for all our stuff).
We did have our realtor counteroffer their counteroffer, I just don't think it will do us any good.
Sigh.
The problem is, the bank (it's a bank owned foreclosure) has never laid eyes on this place and has an overinflated idea of it's value. M, on the other hand, seems to have a very good handle on just how much time and money this place will cost us if we acquire it.
Thus, this afternoon, when the bank's counteroffer turned out to be only a token reduction in price, and M was adamant we would be wasting our money to up our offer more than a very little bit, I realized I'd have to reconcile myself to letting the house go.
I love the idea of that house on that land, but it would be a lot of work, and we do have a great setup where we are now (even if I wouldn't mind an extra room or two for all our stuff).
We did have our realtor counteroffer their counteroffer, I just don't think it will do us any good.
Sigh.
