Are we crazy for paying this price?

[applejack]

My husband and I have been looking for a home for about 6 months. This is the third time we are in escrow. We have a hard time agreeing on which type of house to purchase because he is adamantly opposed to living in a suburban or “boring” house, while I hate to pay so much extra to live in one of the “unique”, tiny homes with “character” (aka, work necessary!) in the urban neighborhoods. We finally found one which we thought was a good compromise: contemporary design, in an older neighborhood (Normal Heights), and it is a foreclosure down about 35% since it’s last sale in 2007. However, I recently brought my family to look at it and they had an extremely negative reaction. We are one day away from releasing contingencies so I need to decide ASAP. I am freaking out!! My husband and I are first time buyers. My family thinks the price we are paying is outrageous for the the type of house it is, even though it is about 150$ less per square foot than the average for the neighborhood. Also, I am having a baby in 2 weeks, so that probably adds to my insanity!

Sorry for the long post. I am freaking out!!

[sdrealtor]

Where is your family from? Are the familiar with SoCal home prices? Could they be reacting to the current state of the home and not what it will be like when put back together?

Its a big house for the area on a large view lot. I saw pictures from the prior sale and it looks really cool. The current pictures and state dont do it proper justice. With that said it is on the high end of prices for that area but most houses in that area are older, smaller, smaller lots, no view and are hard to compare. Without spending the time to run comps I cant say for certain but on the surface it doesnt look like a bad deal.

[sdrealtor]

Where is your family from? Are the familiar with SoCal home prices? Could they be reacting to the current state of the home and not what it will be like when put back together?

Its a big house for the area on a large view lot. I saw pictures from the prior sale and it looks really cool. The current pictures and state dont do it proper justice. With that said it is on the high end of prices for that area but most houses in that area are older, smaller, smaller lots, no view and are hard to compare. Without spending the time to run comps I cant say for certain but on the surface it doesnt look like a bad deal.

[sdrealtor]

Where is your family from? Are the familiar with SoCal home prices? Could they be reacting to the current state of the home and not what it will be like when put back together?

Its a big house for the area on a large view lot. I saw pictures from the prior sale and it looks really cool. The current pictures and state dont do it proper justice. With that said it is on the high end of prices for that area but most houses in that area are older, smaller, smaller lots, no view and are hard to compare. Without spending the time to run comps I cant say for certain but on the surface it doesnt look like a bad deal.

[sdrealtor]

Where is your family from? Are the familiar with SoCal home prices? Could they be reacting to the current state of the home and not what it will be like when put back together?

Its a big house for the area on a large view lot. I saw pictures from the prior sale and it looks really cool. The current pictures and state dont do it proper justice. With that said it is on the high end of prices for that area but most houses in that area are older, smaller, smaller lots, no view and are hard to compare. Without spending the time to run comps I cant say for certain but on the surface it doesnt look like a bad deal.

[sdrealtor]

Where is your family from? Are the familiar with SoCal home prices? Could they be reacting to the current state of the home and not what it will be like when put back together?

Its a big house for the area on a large view lot. I saw pictures from the prior sale and it looks really cool. The current pictures and state dont do it proper justice. With that said it is on the high end of prices for that area but most houses in that area are older, smaller, smaller lots, no view and are hard to compare. Without spending the time to run comps I cant say for certain but on the surface it doesnt look like a bad deal.

[applejack]

Thanks for your response, sdrealtor! Yes, my family is from San Diego. For my family, suburbs and family is the most important thing. They kept saying how we could get such a better house in Carlsbad or 4S Ranch or Rancho Bernardo for that price. It is true, for that price we would have a lot of options in the suburbs, and I have struggled with that — but my husband just will not accept a “standard” house! So, that really limits our choices. And, I am having sticker shock myself because we were initially looking in the 6-650K range.

[applejack]

Thanks for your response, sdrealtor! Yes, my family is from San Diego. For my family, suburbs and family is the most important thing. They kept saying how we could get such a better house in Carlsbad or 4S Ranch or Rancho Bernardo for that price. It is true, for that price we would have a lot of options in the suburbs, and I have struggled with that — but my husband just will not accept a “standard” house! So, that really limits our choices. And, I am having sticker shock myself because we were initially looking in the 6-650K range.

[applejack]

Thanks for your response, sdrealtor! Yes, my family is from San Diego. For my family, suburbs and family is the most important thing. They kept saying how we could get such a better house in Carlsbad or 4S Ranch or Rancho Bernardo for that price. It is true, for that price we would have a lot of options in the suburbs, and I have struggled with that — but my husband just will not accept a “standard” house! So, that really limits our choices. And, I am having sticker shock myself because we were initially looking in the 6-650K range.

[applejack]

Thanks for your response, sdrealtor! Yes, my family is from San Diego. For my family, suburbs and family is the most important thing. They kept saying how we could get such a better house in Carlsbad or 4S Ranch or Rancho Bernardo for that price. It is true, for that price we would have a lot of options in the suburbs, and I have struggled with that — but my husband just will not accept a “standard” house! So, that really limits our choices. And, I am having sticker shock myself because we were initially looking in the 6-650K range.

[applejack]

Thanks for your response, sdrealtor! Yes, my family is from San Diego. For my family, suburbs and family is the most important thing. They kept saying how we could get such a better house in Carlsbad or 4S Ranch or Rancho Bernardo for that price. It is true, for that price we would have a lot of options in the suburbs, and I have struggled with that — but my husband just will not accept a “standard” house! So, that really limits our choices. And, I am having sticker shock myself because we were initially looking in the 6-650K range.

[nocommonsense]

You guys are having a baby soon; the price is 300K higher than your initial target; your family hate looking at it… My gut feeling is don’t do it. Why pay a “shocking” price for something your family had “an extremely negative reaction” to? If you hate it already before buying it, my guess is you’ll have an enormous buyer’s remorse afterwards.

In a crazy situation like this one, more often than not the best action is do nothing, definitely not making a HUGE commitment like this.

[nocommonsense]

You guys are having a baby soon; the price is 300K higher than your initial target; your family hate looking at it… My gut feeling is don’t do it. Why pay a “shocking” price for something your family had “an extremely negative reaction” to? If you hate it already before buying it, my guess is you’ll have an enormous buyer’s remorse afterwards.

In a crazy situation like this one, more often than not the best action is do nothing, definitely not making a HUGE commitment like this.

[nocommonsense]

You guys are having a baby soon; the price is 300K higher than your initial target; your family hate looking at it… My gut feeling is don’t do it. Why pay a “shocking” price for something your family had “an extremely negative reaction” to? If you hate it already before buying it, my guess is you’ll have an enormous buyer’s remorse afterwards.

In a crazy situation like this one, more often than not the best action is do nothing, definitely not making a HUGE commitment like this.

[nocommonsense]

You guys are having a baby soon; the price is 300K higher than your initial target; your family hate looking at it… My gut feeling is don’t do it. Why pay a “shocking” price for something your family had “an extremely negative reaction” to? If you hate it already before buying it, my guess is you’ll have an enormous buyer’s remorse afterwards.

In a crazy situation like this one, more often than not the best action is do nothing, definitely not making a HUGE commitment like this.

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