Not Actively Looking

We’re still house hunting…  In the course of our house hunt, we offered on a number of houses.  We’ve lost out on each one.  One of the houses is back on the market only a few months after it was initially purchased.

They bought it at $380,000 cash.  Public records showed that purchase price and I knew the winning bidder was an all cash offer.

They painted the cabinets in the kitchen and put in granite counter tops.

They refinished the hardwood floors and painted the rest of the rooms.

They listed it for sale again a few days ago at $425,000.

 

That’s the way the housing market is going in California.  I wouldn’t be surprised if the market crashes again.

In the mean time, we’re still looking and have offered on a few.  We’re being priced out of the market.  So, the new plan is to keep our pre-approval current, but stop “actively” looking unless something good really pops up.  By “actively looking” we mean looking at multiple houses every week, even ones in not so good neighborhoods.

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