Real Estate

Wow, it's been a while since my last posting. Lots of things happened between now and then but I guess it's too late to go back and summarize it now so let's focus on what's going on recently.

As many of you know, we have been searching for a house/townhouse for quite a while... We begin our searching when mortgage rate is in low 4% to now just peak 7%. We went to countless open houses and private showings every weekends at the end we still couldn't find anything we both like and within a reasonable affordable price range. We start to wonder... Will we ever find something we like and still be able to afford it? Yes, we did find several properties we like after we refine our search criteria and focusing on townhouse only. Now we are in a different stage of frustration and stress of buying a property... Dealing with multiple offers and the negotiations comes with that!

We are not the only buyer in this crazy housing market and a good property always attracts multiple offers and a bidding war starts. We got frustrated when our better than full price offer wasn't good enough because there is a way better than full price offer out there. Another time, the seller's agent juggled more than one offers and played the game of poker - raise your bet or fold. Each time we walked away with bitter taste in our mouth and felt defeated but we also learned some valuable lessons and tricks so we won't make the same mistakes next time.

So did we finally found our dream house and got it? Soon I can tell you that :)