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Thank you. And thank you, everyone, for being here while I vented and asked questions. This really helped. Now keeping my fingers crossed, everything works out...
If I knew the home was "the" home for me, I would have no problem making an offer after one viewing. My husband is another story...he wants to think it out and see it two or three times.
As a first time home buyer I don't think I would have bought our has after 1 look (we looked at it 2 times before putting in our offer). I could see with our next house though being able to walk in and making an offer after 1 viewing. In our mind we know exactly what we want in our second house and if we find it I have no problem making an offer right then.
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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Quote:
Originally Posted by zinc
In California at least, there is a 17-day "buyers remorse" period, so there's no down side to putting an offer in, as you can cancel for ANY reason without penalty within that time frame, and I split my down payment money into three ernest money deposits.
Wellllllll, the standard CAR (CA Assn of Realtors) form does have a 17 day inspection period (it's actually 7 days for the seller to provide you with information and 10 days for the buyer to act on it and perform any other inspections they require.
It's fairly easy to walk away by either refusing the information provided, or telling the seller you were unhappy with the results of inspections, but it isn't actually a "buyers remorse" situation.
Our home in TX, when we bought it, my husband saw it once for 15 minutes, took a bunch of photos, and brought them home to me (I was 8 months pregnant and couldn't fly). We bought it without my ever setting foot in it.
We just sold this same home to someone who NEVER saw it in person, just photos and video taken by his agent. It was obviously enough info for him to pick our home over countless others in the same area at a similar price.
Our new house in PA--we saw it twice in one day and put in the offer. We were on a short house hunting trip and needed to make a decision ASAP, but i had already done a ton of research on the net to we felt pretty prepared.
Absolutely I would. The house I live in now I walked through it in about 5 minutes, went back to my office and wrote up the offer. It got countered and I accepted, deal done w/o ever going for a 2nd look. The one before that, I saw, was there about 15 minutes, brought the wife by to make sure it was what she wanted, and bought it.
Yes, we've put in offers after one look. Once we bought a home 2500 miles away based on the agent's recommendation and lots of pictures and investigation on our end. Worked out great in all instances.
At the heart of this question are two conflicting sets of wisdoms:
a) Look before you leap. (measure twice, cut once)
b) He who hesitates is forever lost. (you snooze, you lose)
Most of us are hard wired at birth to be predisposed to one mindset or other, and we live our lives and make our decisions accordingly.
I've always been a leaper. Despite some bad moves, there are far more times where it paid off in big ways than not. If the opposite were true, I probably would have corrected by now, but most of my best investment deals were ones that I made on the spot with little to no deliberation or analysis, beating out the more careful and prudent competition.
Steve
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