Thursday, March 17, 2011

House Hunt

I've become obsessed with our house hunt - which is funny really, because its not so much of a hunt anymore as it is deciding to actually DO something about it.

I've been "eh" about every house that has come up for sale in our target area since August, when we put in an offer on one. Good thing we didn't get it, because now that I think about it, I'm pretty "eh" about that house too.

So, a big horrible national company is building 12 new houses down the street from the house we offered on last summer. We've been talking with the sales rep on and off for a while, asking questions, thinking, asking more questions, looking at the plans but I wasn't really ready to decide.

Building a new house is rife with problems, like, it takes forever. And like, you have to pick out every single little detail (ever seen me try to order at a restaurant where I have more than 2 choices? Its not pretty.). And then you have to like, pay for those little details. Particularly when you like the expensive details. And then when you are done, you have a spec home. A spec home that has to be painted and decorated and landscaped and breathed life into.

But shit, let's face it. 98% of the east coast is spec homes. Even my friend's charming downtown house, with hardwood and crown molding and pocket doors was ordered from a Sears catalogue. Most of them have turned out ok.

So I've been going back and forth on this for a while. Do I sell out and build a new home, when there are hundreds of houses sitting there waiting for a new owner? Do I buy a house I don't like that much and spend weekend after weekend after weekend fixing it up?

Then, they dropped the prices by twenty grand.

Hello. Game on. Now the decision isn't really whether to build new, its whether to build the reasonable house, or build the ridiculously too big for two people house (perfect for entertaining!).

I really like the ridiculously too big for two people house...

The sales lady is putting the pressure on; telling us she's got "holds" and contingent contracts on several lots already and that they are going fast. My ass. But, even though I know she's exaggerating (or maybe just flat out lying), I'm starting to get panicky. I mean, there really are only 12 lots; and they have just made it a really, really good deal.

So Sunday, Prof and I are going one more time to look at some models and try to figure out what will work the best for us. And then I guess we might actually start the process, and buy ourselves some fancy new digs.

1 comment:

Anonymous said...

Do NOT put money down on a house just because of the feeling of pressure that there are "only" 12 lots or this or that... The market is still VERY soft, and it's anyone's guess whether it still has some more downside (I think it does) or not. Yes, buy if you find something you like and you feel good to go. But do not buy if you're not quite ready... You need to 'feel' it.

But frankly, interest rates aren't likely to go lower, and the market will eventually start a climb back someday. If you do find something you like, really get serious about it...