Skip to main content

Backed out of real estate offer and regret it

My husband and I have been casually looking for a new home for almost a year now. We either dont love the home or get significantly out bid with terms we can't compete with. We finally found a home that is in our preferred neighborhood and didn't get bid up. It actually feels like we were getting in under market value which obviously never happens in this market. It does need some major repairs (windows, siding, doesn't have any overhead lighting), but we can find most of this with proceeds from our current home. I started looking at new daycares for my son and just never felt the same love and excitement that I have for our current daycare. I freaked out about moving my son (for more context he just got a little sister a couple months ago so this feels like another big change to not be confident about) and backed out of our deal in the last couple hours of inspection period. I woke up the next day and regretted it. It feels like I'll never find this good of a house/deal again for something we could picture our life in. Was I overthinking the daycare piece? Our current neighborhood is SO walkable and family friendly, but we started looking to move because my commute is over an hour each direction. I would be about 10-20 mins closer (depending on traffic) in the new home, giving me a little more time to spend with the fam or take care of myself. I know my current home is not the forever home, but feeling extremely emotional about another family living "our life" in it.

submitted by /u/Own-Special-7757
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1g7tqh8/backed_out_of_real_estate_offer_and_regret_it/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

How to get started?

Hi! I’m 23F and I just graduated college with an english degree (😅) but i’ve been working in nonprofits since I was 16 and lucked into an amazing first job with an one of the biggest and best real estate non-profits! I love my job so far, but it’s my first time being surrounded by such wealth (and very hard working, deserving individuals.) To be quite honest, I‘ve had a rough few years juggling multiple jobs to finish school, and the idea of myself not living paycheck to paycheck seems light years away. This is all being said, I guess I’m posing the question towards the group of what I can do now to start building that kind of future for myself. I find real estate very interesting, and i’ve loved learning about all the machinations behind development- I’m just not sure where to begin within the industry (investment/rentals are definitely not an option for me yet). I’m also looking to go back to school, but being that I don’t know where to start, I wouldn’t like to begin classes aga...
Post a Comment
Read more