We’re going nowhere. Neither of our offers were successful and we can’t compete with irrational buyers/investors who are submitting bids that remove all contingencies. That means if your offer is chosen and you find out, through an inspection, that your new home is built on quicksand, well then you are f*ing screwed.
In the past, we have lost out to multiple sky-high, all-cash offers, but this is a first for us—to compete with zero contingencies that places the investment at serious risk.
We had our hearts set on both properties I posted below, but oh well. Onward and upward. Or maybe onward and downward.
We took a look at a home in beautiful Miraloma Park yesterday. It was in complete disrepair, an absolute fixer-upper listed at $700k. I could barely walk through it without gagging. It gave me the creeps, not to mention the owner’s suicide in the home last year. $700k and it was like a gazillion fraternities had partied in the home for years without bothering to clean up. Dean said, “Think of the potential!” And I quipped, “I’ll be in the car.”