No Thanks!

So we almost made an offer on a house in Alameda on Friday. We wrote the offer, had the deposit check, and got the preapproval letter. Then our realtor called me and told me that the seller didn't want to entertain our offer because it was too low. The house was a fixer upper and we wanted to make sure that we could afford the mortgage and the renovations. We thought that since the house had been on the market for over a month which is a little long in the Bay Area, they might be willing to accept a lower offer. It was a little disappointing that they didn't even want to counter. So, we're back to square one.

However, the good thing is that we are ready to go for the next offer we need to make. It was a good exercise for us to go through to make sure that we know what has to happen and what the paperwork looks like.

I always think that things happen for a reason. So it's probably a good thing that this didn't go through because there were so many renovations. We also had a contractor give us an estimate on the costs for renovating and the costs don't seem as much as we had thought. We have been watching a lot of HGTV which also gives you this false sense of how long it takes and how much effort it takes because they seem to be able to make these amazing changes in a few days and since the episode only takes half an hour, it doesn't seem to take long at all!