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So, thought I would give an update.
We are now making another offer on a house.
Again, we expect that it could be a bidding war.
We know our top number.
It will be an offer with almost zero conditions, just something that says they are unaware of any issues with well or septic.

I doubt we will get it Our gut is our top dollar amount is less than the market will offer in a bidding war.
We shall see.

Have looked at other houses.
One was basically a complete reno. It had been a wonderful house, but, illness and neglect, and a pet that didn't make it out often enough, means that floor covering had been removed in most rooms. Lots of money to replace windows, kitchen, bathrooms, basically a complete interior redo., for a house that was in a lovely area across from a conservation area, but, when we were there, we found out how busy that road was..and fast.
We considered putting in an offer, but, decided against.

I am not a fan of this bidding war stuff. If someone lists for a price, and you offer it, dang, wish they would accept.
 
The guy at work who got married last month is house hunting now (they currently have an apartment not far from me). Not having much luck so far from what I hear. London market may not be as hot as some cities but it's hot enough to make it rough for a young couple just starting out.
 
It is my understanding that the market is harder in the 400k range for house prices.
Crazy.

I have a friend whose son is looking for something similair to what we are looking for but, about 200k less than we are willing to go.
Crazy time.
 
House hunting is a real challenge. I used to day dream that I could have any house I wanted because they were all cheap! I expect we will need to sell this one and move into an apartment of some sort at some point in the future. I have been watching the local market with a wee bit of concern - it seems no one wants an affordable, structurally sound house that they can move into and slowly work on! We aren't 'into' keeping up with the Jones's so our place is on the old fashioned side - no updated kitchen/bathrooms, no 'latest colour' paint etc. No point in worrying about it now - we just aren't interested in spending money for things we neither want or need.
 
Pinga said:
So, thought I would give an update.
We are now making another offer on a house.
Again, we expect that it could be a bidding war.
We know our top number.
It will be an offer with almost zero conditions, just something that says they are unaware of any issues with well or septic.

I doubt we will get it Our gut is our top dollar amount is less than the market will offer in a bidding war.
We shall see.

Have looked at other houses.
One was basically a complete reno. It had been a wonderful house, but, illness and neglect, and a pet that didn't make it out often enough, means that floor covering had been removed in most rooms. Lots of money to replace windows, kitchen, bathrooms, basically a complete interior redo., for a house that was in a lovely area across from a conservation area, but, when we were there, we found out how busy that road was..and fast.
We considered putting in an offer, but, decided against.

I am not a fan of this bidding war stuff. If someone lists for a price, and you offer it, dang, wish they would accept.
Click to expand...
Often sellers are advised by agents to list under value in order to create interest and cause a bidding war in hopes of going over what they may have listed for in the first place.
Fortunately in some areas this practice is slowing down.
 
Pinga said:
So, thought I would give an update.
We are now making another offer on a house.
Again, we expect that it could be a bidding war.
We know our top number.
It will be an offer with almost zero conditions, just something that says they are unaware of any issues with well or septic.

I doubt we will get it Our gut is our top dollar amount is less than the market will offer in a bidding war.
We shall see.

Have looked at other houses.
One was basically a complete reno. It had been a wonderful house, but, illness and neglect, and a pet that didn't make it out often enough, means that floor covering had been removed in most rooms. Lots of money to replace windows, kitchen, bathrooms, basically a complete interior redo., for a house that was in a lovely area across from a conservation area, but, when we were there, we found out how busy that road was..and fast.
We considered putting in an offer, but, decided against.

I am not a fan of this bidding war stuff. If someone lists for a price, and you offer it, dang, wish they would accept.
Click to expand...
I read some of the stuff regarding the market in parts of ON. When not involved, easy to get a laugh at it. Stuff related to someone putting in an offer before the offer date (bully offer). Some complain about this. That's how it works in almost every market though outside of ON and Vancouver - all offers are 'bully offers' as there is no 'offer date'.

Good luck with getting the right place!
 
Good luck finding the right house @Pinga

I really think real estate is such a crap shoot. Our house was in a desirable area and we were surprised that we had so many showings and no offers. Apparently people looking for houses in that area wanted move in ready. Our house was move in ready. It just didn't have the most fashionable colours or fixtures. A colleague was selling her totally renovated house in an older neighbourhood and people were disappointed there was no work to do. :confused: @KayTheCurler you may find someone who wants a house they can renovate and make their own.
 
I'm not stressing about it. I realised that I could give a young family a very good deal and still not be out much actual money. Got the place at an unnaturally low price. Lived in it with only basic repairs for fifteen years (could be more). Will move into a cheap apartment.
 
That is great, Pinga!
I wish I was close enough and able to drop in with a housewarming gift and get a tour. I guess I'll be a have to content myself with your descriptions and pictures. Where is it? What do you really like about it? When do you move in?
 
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