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Reply to "Overpaying on a house - how are you justifying it?"
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[quote=Anonymous]We overpaid, and I feel great about it. We had three qualifications for a home and within those limits, there were very few options (basically price, # bedrooms, location). We looked at a ton of houses. Every house we looked at was 1200-1400 square feet (this is in DC proper). One was 2000 sq ft. It was such a HUGE difference that we jumped on it. Our realtor said there weren’t other serious buyers so we should offer $40k below asking. This was in 2020, when rates were low and bidding wars were common. We knew if something weird happened and we lost this house, we might never get as big a place. So we offered asking against the realtors advice. We got the house (realtor was right, there were no other offers), it’s the perfect forever home for our family, and we absolutely love it. Zero regrets. [/quote]
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