We just made our first bid on a house. I don’t think we’ll get it (in the hour or so it took us to bid, three other bids came in) but it was good practice.
Update: As predicted, we did not get the house. Despite our bid $10k over the asking price, our agent reported that it sold for “significantly higher.” Welcome to Seattle’s real estate market!
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11 Responses to “Gulp”
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Hey there. I'm Ariel Meadow Stallings, a native Seattleite who's written my way up and down the Left Coast. Electrolicious is where I post daily randomata, but I also write for a living. My first book, Offbeat Bride, was published last year.
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Glace
March 12th, 2005 at 4:07 pm
That looks lovely inside!
Erin
March 12th, 2005 at 5:20 pm
LOL! I just posted the *exact* same entry with the *exact* same title (Gulp!) about a week ago!
In our case, they did accept our bid, we signed the P & S last thursday, and close at the end of the month. We did mortgage stuff the other day - and man, THAT is a GULP!
Best, best of luck!
dave
March 12th, 2005 at 6:27 pm
Good luck.
megasoul
March 12th, 2005 at 8:19 pm
sooo cute! love it. fingers crossed…
Ariel v.
March 12th, 2005 at 10:36 pm
Oooh, very cute. I briefly lived about 6 blocks from there, on S. Redwing, and the proximity to Seward Park was a total plus. I’ll keep my fingers crossed for you!
Irene
March 13th, 2005 at 12:48 am
The house looks adorable. I hope you get it!
Terry
March 13th, 2005 at 12:32 pm
GOOD LUCK! the house looks fabulously adorable!
allie
March 14th, 2005 at 8:38 am
Ariel-
Out of curiosity, do you & Andreas have a decent amt of savings to put towards a home, or are you planning to use the FHA/VHA type of loans that require little to no $$$ down? Chris & I are *just* at the beginning stages of home-purchase discussion, and I figured you guys were probably in a similar boat as us.
Ariel
March 14th, 2005 at 9:19 am
Thanks to wedding gifts, we have about $25k to put down. I thought this was a HUGE amount of money, until I realized that in Seattle it’s really only about 5% of most of the houses we’re looking at.
dave
March 14th, 2005 at 11:16 am
Sorry you didn’t get it. The very concept of buyers bidding over houses above the asking price is completely foreign to me. Where we live, you generally get a house for about 10% off the asking price. That, and our houses cost less than half what they do where you are. I guess not *everything* about the deep south sucks.
Sharyn
March 14th, 2005 at 11:54 am
It’s not always just about the money. I lucked out with my house because, out of the multiple bidders, I was the most flexible about the move-in date. Whatever the case househunting can be a stressful process. Good luck!