Reply to We've seen 20 houses, offered and outbid on 2, we are still looking

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Reply to "We've seen 20 houses, offered and outbid on 2, we are still looking"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We viewed 100 houses before got one. It was 2020. Our budget was 1.2-1.3. We looked at houses between 900 - 1.3. Outbid by 10 times. Finally got a house for 1.2, which required about 200k in fixing up, and came with a tenant living in it for another couple of months after closing. 
Now all remodel is done under budget. Our house is appraised for 1.75. We are happy living here forever.

So my advise is: keep looking and keep compromising. You will get there.[/quote]

Good advice. Find something good enough and make it great. [/quote]
I think this is good advice but would add the caveat that [b]if you have kids don’t buy a house made before 1978.[/b] [/quote]

In this market, you are going to have to do work on the house unless you have an astronomical budget. Fresh paint is one of the cheapest things you can do. And really, that’s all that’s needed. Paint and being mindful of sanding and watching for chips/peels. Maybe replace a few doors or end of life windows if they are painted with lead-based paint. Encapsulate anything asbestos.

- Always lived in pre-1978 houses [/quote]

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