For the last four months, we've been trying to buy a house in Princeton, in part because that's where Luke has gone to school since he was in kindergarten and so we want to keep him with is friends, and in part because if I have to stare at this condo parking lot for much longer, I may go AWOL.
In case you are unaware of what the realty market is like in Princeton, the median range to purchase a home is around $750,000. I made that number up, and so it could be higher, maybe more like $1 million at the minimum. Just know that most of the houses you see are millions of dollars.
|Here is an example of a house in Princeton that would probably be listed at $3,590,000|
We found a house that was much less than that, still a reach for us, but not impossible. Then, we had the inspection, and the guy found quite a few things wrong; nothing calamitous, but we also weren't in love with the kitchen and would need to buy a dishwasher and to rearrange the room so that the oven and the fridge weren't touching and knock down a few walls and we would also be looking at sharing one bathroom and having no closet space and one bedroom with no closet at all. The shared living space was small, and the floors were uneven and you could tell that he owned a dog. The basement was a disaster, rickety with low-ceilings, and there was no driveway. At the same time, two other houses came on the market for only $7,000 more than the original house, and these places were way better. Like, had actual dishwashers and parking spaces, sun rooms, extra bathrooms, nice basements, were built in the last fifty years and the roofs didn't need to be replaced. So, we got out of the first house and made a bid on one of the other properties. Our realtor said it was a competitive market and so we should bid above the asking price, but within our comfort zone. Since we were already outside of comfort zone financially, we should've said no, but we bid d$15,000 more than asking price, and they didn't take our offer. So then, we raced to bid on the other property, the cute little Cape Cod, and the guy accepted our offer!!! Yay!
I will write more about this tomorrow.