Houses Revisited

[days_unfolding]

Tonight, I went to drive by the two houses in Lincoln that I previously mentioned, plus one that is halfway between the two in price range. The "incredibly cute, but expensive house" was perfect, exactly what I would want in a dream house. The "halfway in price" house was also really cute. It has hardwood floors and a deck, which I would enjoy, but it also is the smallest of the three houses. The "very cheap house" is nicer in person than in the picture, but it does need a good coat of paint (no surprises there). It doesn't have a garage, so I'd have to have one built. (I wonder what they'd do if I offered 20K instead of 25K. The house has been on the market for 100 days.)

I've been selling myself on living in Lincoln. It has quiet side streets with lots of trees, which I like. The houses are all different, and most of them are old. And people are quirky in their decorations of their house and their yard, which I also like. And of course, I would love to have a house (and a short commute).

The next step would be to see what kind of mortgage I could get because that would decide a lot of things.

Comments

[(Anonymous)]

I guess it all boils down to supply and demand. But, its hard for me to imaging how a livable house can be sold for so little.....

[days-unfolding.livejournal.com]

Well, I'll find out the shape that it's in when I do a walkthough. Not this weekend though; too much to do.

[days-unfolding.livejournal.com]

Oh, and actually I want to do a walkthough when it's raining to see if the roof or basement leaks. Given how much it's been raining lately, it shouldn't be that hard to do....

[days-unfolding.livejournal.com]

And it is supply and demand. There's another house that is the same price and one that's even cheaper, but they're both tiny. Looking on Zillow, there are a ton of houses that have been on the market over 100 days (and sometimes significantly over). There are plenty of houses in really good shape in the $60K to 70K range. This house needs paint and doesn't have a garage, so I'd suspect that most people wouldn't want to deal with one that needs work when so many are in good shape. And most people don't move into Lincoln, so they have a limited market.