That makes our decision easy!
Adam and I saw a house last Wednesday and had been on the fence how we should proceed. The house was about 100K over what we had agreed to buy the Kimball house for. Big increase, I know. And this house had already come down about 50K from its original listing price. I have been continually pushing our upper range up to see just how much it would cost for us to find a house that we LOVE. And, my mom had said he could have a loan, which would have made this feasible. This house was new construction 2 years ago - it was part of 16 units known as Quincy Court and this was the first resale. Based on the price the current owner had gotten it at, he must have been one of the first to sell. His initial listing price, which was $175,000 over what he had paid for it, was much too high. Even at the adjusted listing price, he was going to net about $120,000 - not too shabby for a two year investment.
Pros: 3,000 square feet, with garage and a logical layout. Nice kitchen. Tons and tons of storage. Gated backyard (very safe). Two large guest bedrooms. Taxes of $129/annually -- can you believe that?!?
Cons: Walk-in Master Closet could barely be considered a Walk-in. Master bathroom was tiny and only had one sink. Carpeting on the second & third floor. No recessed lighting. Walls were very banged up and would all need to be repainted. Odd/illogical lightswitch situation.
So, we couldn't decide if our expectations were unreasonable or what. Lots of cons were things that the Kimball house had, for 100K less.... granted, that house was only 2,000 square feet. We were debating have my mom come down and look at it.
Well, I spoke to our realtor today, who I get the feeling is getting frustrated by how picky we are, and we learned that the house sold. So, that's that.... I guess we don't have to worry about if we want to buy it or not.