Pessimistic? Perhaps. But Maria and I are still recovering after our bid wasn't accepted for a beautiful home in Pasadena.
We first saw it on Saturday, and immediately knew it was right for us. 1910 Craftsman, completely redone, with a beautiful, huge yard in the back and views of the mountains. We immediately made our bid, $5,000 over asking price.
To sweeten the offer, Maria baked cookies and we wrote a letter detailing how much we loved the place. (We even brought cookies over to the seller's neighbor, Frankie, who we had met when scoping out the house on Saturday. Frankie kept his fingers crossed for us.)
Alas, eight other people loved the place too. Even though the house hadn't even been put on the market yet, the owners received nine bids by Sunday afternoon!
Later that evening, we got the call we didn't want to get. Alas, the seller's broker said we did everything right -- the cookies and letter were a nice touch -- but someone had bid $67,000 over the asking price!!!
Whaaaa? Obviously we couldn't compete with that. And I can't be too upset -- hell, how can you blame the owners? That's a sweet deal, and more than double what they paid for the house just four years ago!
Welcome to the housing market in Southern California.
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