On Friday I heard from my realtor that I lost out on the 7th house I'd placed an offer on. That means 8 offers, 7 rejections. This house was a little different. Not only was it a time consuming short sale, it was also a home that required bank approval. My understanding was that the owners had declared bankruptcy. Apparently, when you declare bankruptcy and want to see your home the bank has to give the O.K. This is just my understanding of the situation - which could be far from correct.
http://www.redfin.com/CA/Gilroy/8300-Forest-St-95020/home/1210513
I was thinking I might actually have a chance at this house. I offered almost 20% over asking and I was hoping the complications of short sale and bank approval would put other buyers off. No such chance.
This house was significantly nicer than many I've made offers on. The sellers had gutted the property - not only taking all of the appliances but also just about all the light fixtures, as well as some of the faucets and shower heads - but it appeared to be well cared for with newer paint inside, carpet that looked like in might just need a good cleaning, and dated but livable kitchen tile. The landscaping had to be redone as well, but this is really not a problem for me. The picture on the website shows a nice green lawn, but that photo must have been taken months ago. Now there are waste high weeds browned in the sun. The backyard revealed a similar scene littered with a few condom and snack food wrappers but all of this is so superficial for a home like this. Was it my dream home? Not by a long shot, but I have yet to see a home that is my dream home. Every home I've looked at I know I will have to work to make my own. I'm okay not getting my dream home as my first home, maybe it would be nice if my 3rd or 4th home was my dream home.
I would have been really happy getting this house, though.
So, 7th rejection out of 8. I'll suck it up and see what I hear on number 8.
Monday, August 17, 2009
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