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House bidding update
Dec. 20th, 2021 04:18 pmWhen last I posted (Friday) I was contemplating doing another bid on the house we looked at last Monday.
On Saturday morning, it having been more than 24 hours since bidders 2 and 3 stopped bidding and counterbidding one another, I did that bid, offering 295,000 SEK. Bidder 1, who has always been prompt with their replies to bids, replied a half an hour later saying 300,000 SEK.
I debated my pros and cons the rest of the weekend and bid 305,000 SEK this morning. Almost immediately thereafter came a text message from the realtor saying bidder number 3 was dropping out. A few seconds later came a new person on the scene (bidder 4), who said 310,000 SEK.
I debated with my self a bit more. A bit later there was a new text message from the realator saying that bidder number 2 had dropped out.
Two hours later the realtor called to say that it is only me and number 4 still interested, and wondering if want to bid again? I told him I am still considering it and would get back to him. He made polite noises and confessed he's hoping to get this wrapped up soon.
Then Keldor and I discussed it, and considered a point my sisters had raised: that there is a risk that a house I could love might come on the market at a price I can afford (remember that this house is in town on a small (by my standards), and not out in the country with a couple hectares of land, which is the biggest downside, and why I hesitate before each bid).
During that conversation he pointed out that this house looks so bad just now, with the late owner's automative repair dirt and parts everywhere, that even if the only "renovation" we do is cleaning it up and having a garage sale to get rid of the stuff we don't want to keep we would still be able to sell at a profit, just not as high of a profit as is possible if we take the time to we modernize the kitchen and replace the tub. Therefore, if the perfect house comes up we could still offer on another place, conditional on selling this one.
That viewpoint removed the last of my hesitations, and I have bid 315,000. It has been 2.5 hours since that bid, and no reply yet. I won't go higher than 325,000 myself (never mind that asking price was 350,000), so if the other guy replies with that much or more than the project is his. If not I might have bought a house.
In the meantime, we had fun at Frostheim Julfest yesterday and have decided to run a smithy course on knife making. Anyone who wants to listen to the theory lecture over zoom (which will precede the hands on part) is welcome to join us in zoom 5 January
Edited to add: about a half an hour after posting bidder 4 replied with a bid of 320,000. Since that is still under my max of 325,000 Sek I went ahead and promptly bid once more. No reply yet in the first five minutes since then, so they must not be playing eith their phone like I am. (Or they could be done bidding.)
On Saturday morning, it having been more than 24 hours since bidders 2 and 3 stopped bidding and counterbidding one another, I did that bid, offering 295,000 SEK. Bidder 1, who has always been prompt with their replies to bids, replied a half an hour later saying 300,000 SEK.
I debated my pros and cons the rest of the weekend and bid 305,000 SEK this morning. Almost immediately thereafter came a text message from the realtor saying bidder number 3 was dropping out. A few seconds later came a new person on the scene (bidder 4), who said 310,000 SEK.
I debated with my self a bit more. A bit later there was a new text message from the realator saying that bidder number 2 had dropped out.
Two hours later the realtor called to say that it is only me and number 4 still interested, and wondering if want to bid again? I told him I am still considering it and would get back to him. He made polite noises and confessed he's hoping to get this wrapped up soon.
Then Keldor and I discussed it, and considered a point my sisters had raised: that there is a risk that a house I could love might come on the market at a price I can afford (remember that this house is in town on a small (by my standards), and not out in the country with a couple hectares of land, which is the biggest downside, and why I hesitate before each bid).
During that conversation he pointed out that this house looks so bad just now, with the late owner's automative repair dirt and parts everywhere, that even if the only "renovation" we do is cleaning it up and having a garage sale to get rid of the stuff we don't want to keep we would still be able to sell at a profit, just not as high of a profit as is possible if we take the time to we modernize the kitchen and replace the tub. Therefore, if the perfect house comes up we could still offer on another place, conditional on selling this one.
That viewpoint removed the last of my hesitations, and I have bid 315,000. It has been 2.5 hours since that bid, and no reply yet. I won't go higher than 325,000 myself (never mind that asking price was 350,000), so if the other guy replies with that much or more than the project is his. If not I might have bought a house.
In the meantime, we had fun at Frostheim Julfest yesterday and have decided to run a smithy course on knife making. Anyone who wants to listen to the theory lecture over zoom (which will precede the hands on part) is welcome to join us in zoom 5 January
Edited to add: about a half an hour after posting bidder 4 replied with a bid of 320,000. Since that is still under my max of 325,000 Sek I went ahead and promptly bid once more. No reply yet in the first five minutes since then, so they must not be playing eith their phone like I am. (Or they could be done bidding.)