Skip to main content

Making an Offer at First Sight

On Sunday I went to two open houses in one of my ideal neighborhoods (the uncool parts of Brooklyn that are not Cobble Hill, Williamsburg or Bushwick). Both homes were clearly out of my price range but I was curious to see what I could get in a higher price point. Sadly, I realized that even with a larger price bracket, I wouldn’t get a larger, more updated house.  Even at my price point, I can only afford an attached fixer upper in this part of Brooklyn.  If I’m extremely lucky I would get three decent sized bedrooms.

I liked house # 1, still, I couldn’t imagine making an offer on this property. It had a lot of pluses. It was a two unit property known more commonly as a Mother/ Daughter. The top floor or first unit had two bedrooms, with a kitchen, dining area, living room and bathroom. The second floor had one bedroom, living room, kitchen and bathroom. Each unit had its own entrance.  There was even a patio and garage in the back. I liked the layout of the house.  I liked the idea of living in one unit and renting out the other.  But I strongly felt it was overpriced.  In fact, it was listed at $129,000 over my budget. My realtor felt that it would sell for above the listing price.  There was a lot of interest in this property and a large amount of people came to view it. So, my realtor’s assessment is probably correct.

House # 2 was listed as a short sale several months ago.  It was purchased by a developer, I guess you could call it a flip.  I hated house # 2. The workmanship was shoddy and the cosmetic choices were poor.  My number one pet peeve in viewing homes are developers who reorganize pantries or kitchen cupboards into bathrooms. Essentially a bathroom in your kitchen. Why would they do this?  The house had an updated kitchen with three super small bedrooms and a tiny basement. It’s only saving grace? The house was semi-detached and on a corner lot, allowing lots of light into the ultra-small space. Despite the lack of living space, this property was listed for almost $200,000 above my price point.

I walked away from these two properties feeling very disappointed about housing inventory. I also had a clearer picture of what I do not want in my house. Thirdly I realized that there are many buyers out there, and some of them have cash, it’s supper competitive, therefore whenever my ideal house comes on the market, I need to be ready to make an offer at first sight, even sight unseen.  And I’m not sure that I’m willing to do that just yet. Yes, I am a serious buyer. I would like to purchase a home in 2018, But I’m not willing to make an offer on a house after a ten-minute viewing. I would need to see that property again at a different time of day.  I need to walk the block.  Feel out the neighbors, check crime stats. How close is the bank, the post office, a supermarket?  And how long will it take me to get to work.  The search continues.


Popular posts from this blog

Welcome to My Blog!

Hello, my name is Marissa. I’m new to blogging. I don’t have a degree in design and I’m not a professional decorator. I just love decorating.
I love home improvement and design shows. I love HGTV and 
My favorite shows are House Hunters, The High Low Project, The Property Brothers, Love It or List It and Property Virgins.
I’m also in the process of buying my first home, a cooperative apartment in Brooklyn, NY. Buying a home is a giant step but it’s also an expensive one too.
I have big plans for my first home. However I'm now realizing that most of the work I planned for the home, I can't afford.
I have been looking for a home for several years, but seriously looking for about a year. Most of my friends live in Brooklyn. I live and work in Brooklyn so it only made sense for me to stay here. But Brooklyn real estate is not cheap.
My Coop wish lists were: a two bedroom apartment, with lots of closet space, natural light and windows in the kitchen and bathroom. I…

House Renovations

Despite closing on my home last month, I haven't yet moved in. When I first made an offer on the house, I did not think that I would begin renovations immediately.

I knew the house needed some updates.

 But I could live with an outdated, functional kitchen for a while. once the sellers vacated the property, I was finally able to assess the property without their furniture blocking and cover any damages.  I hired a painter who was also a licensed contractor who noticed that all the walls in the house were bulging. The second bedroom where the children slept had a leak which caused the baseboard to rot and the wall to swell.

The house was inspected twice and at no time did the inspector report rotting baseboard and leaking in the walls.

I was not happy. Would knowing all these things deter me from purchasing this house? probably not.  However, the last thing I expected to do so soon after spending almost ten years of savings on closing cost and a down payment, was start an expensive…

My Urban Cottage

I’ve finally moved into my first home.  I’m bursting with excitement and happiness to share all my design and décor ideas that I’ve been pinning from google images and home décor magazines for many years. I am now the proud owner of what I’m calling my “urban cottage”, a small three-bedroom, two-bathroom ranch house in New York.  I’m so excited to make this home my dream home.  
For the past several weeks the cottage has been under renovations. Within days after closing we realized that there was leaking behind a wall in one of the bedrooms (which wasn’t noted on the home inspection report). Apparently, there was an issue with the gutters and instead of falling away from the house when it rained, the water was seeping through cracks in the brick façade. Thankfully we were able to identify the source quickly and fix it.
Initially, the renovation work was estimated to take about five weeks, however it’s ended up at nine weeks. And as I’m writing this now, my kitchen is still unfinishe…