Buying a Condo Update #2

Photo Credit: Concert Properties Ltd. via Compfight cc A lot has happened since I did my last Buying a Condo Update #1, so I wanted to do a quick post today to share :)

First of all, we got a different realtor. The one we had before was someone J’s mortgage specialist recommended and even though he was efficient enough, he just wasn’t the one. He also kept sending us listings of condos $50K over the price we wanted to pay, knowing that J could technicallay afford more but didn’t want to pay that much; which showed us that he may have been more concerned with his commission bonus rather then helping us find our dream condo within our ideal price range.

My boss recommended her realtor and I’m so glad she did because working with him has been a dream. He is well-respected in the community and well above retirement age but still helps people find their dream homes because he loves his job that much. I can’t recommend enough how important it is to find a realtor that you like and trust. It really does make a difference in your journey to buying a home.

We looked at 3 other condos with the new realtor that had potential but we couldn’t seem to get the first condo that we looked at months ago out of our minds. (I talked about it’s charm in my first update.) J & I were even super cool and decided that wanted to observe what the neighborhood was like on a Saturday night, so 2 weeks ago we went to Krispy Kreme (where I tasted my first Krispy Kreme donut!), grabbed some donuts and hot chocolate and drove out to the condo to do a stake out. I think I’ve been watching too many cop shows but it was actually kinda fun haha. We observe the people coming in and out of the condo to see who our potential neighbors could be and we could tell right away that it was a safe and quiet neighborhood.

After our little stake out, J & I knew that was the place we wanted to buy :) We asked the realtor to arrange another look for us which we did last night. This was my second time seeing the inside of the place and as cheesy as it sounds, I fell in love all over again. We told our realtor that we wanted to put down an offer. He asked us what price we wanted to put down. J & I already had a low-ball offer in mind. We told him the amount thinking he might say it was too low but he surprised us when he suggested one thousand lower! I literally wanted to reach over the table and hug this great man haha.

The seller has 24 hours to accept or counter our offer, and we’re prepared to negotiate. I’m literally sitting on edge with anticipation, excitement, and nervousness as I type this post!

Wish us luck friends!

GMD

Image Source: Concert Properties Ltd. via Compfight cc

37 Comments on Buying a Condo Update #2

  1. annaNo Gravatar
    April 2, 2013 at 9:59 am (1 year ago)

    What did you think of the KK donut? I think they’re overrated, a simple maple bar at a grocery store is just as good… but on to the bigger news, how exciting!! I will keep fingers, toes, and eyes crossed for you… well, not the eyes. Best wishes, GMD!

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 10:19 am (1 year ago)

      Slightly overrated for a donut much??? Why would you not cross your eyes for us Anna? :P

      Reply
  2. paulineNo Gravatar
    April 2, 2013 at 10:03 am (1 year ago)

    Donuts and chocolate, uh? So I guess we are still on track with the weight loss plans? :)
    Fingers crossed for the place, if it is yours it will work out.

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 10:21 am (1 year ago)

      The condo has a gym in it so that’s a bonus lol. Can’t really do a stake-out with veggies and dip. Don’t you watch cop shows lady? :P

      Reply
  3. Nick @ ayoungpro.comNo Gravatar
    April 2, 2013 at 10:08 am (1 year ago)

    Good real estate agents can make all the difference! Good Luck!

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 10:23 am (1 year ago)

      They really do! Thanks Nick :)

      Reply
  4. CassieNo Gravatar
    April 2, 2013 at 10:11 am (1 year ago)

    Oooohhh!! That’s exciting! Now I’m going to be sitting on the edge of my seat waiting to hear how it turns out! Best of luck :D

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 10:23 am (1 year ago)

      Awww thanks Cassie! xo

      Reply
  5. MorgaineNo Gravatar
    April 2, 2013 at 10:38 am (1 year ago)

    Good luck! We’re hoping to low-ball our offers too, it gives more room for negotiation and in a buyer’s market, it should be expected. I’m glad you found a realtor you like. We’re a bit concerned that we will be shown houses outside our “comfort zone” since we would be approved for $1M mortgage but only want to spend $300K :)

    Can’t wait to hear how it turns out! :)

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 11:03 am (1 year ago)

      Don’t let any realtor push you out of your comfort zone! It is a buyer’s market right now so take advantage of it :)

      Reply
  6. MichelleNo Gravatar
    April 2, 2013 at 10:43 am (1 year ago)

    Glad you now have an awesome agent, that is always good. Keep us updated!

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 11:03 am (1 year ago)

      Thanks Michelle :)

      Reply
  7. CaitNo Gravatar
    April 2, 2013 at 11:04 am (1 year ago)

    BAH! Good luck! Can’t wait to hear updates on Thursday :)

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 1:18 pm (1 year ago)

      Thanks Cait. You girls will hear ALL the inside scoop :P

      Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 1:18 pm (1 year ago)

      Thanks Jordann :)

      Reply
  8. Tina @ My Shiny PenniesNo Gravatar
    April 2, 2013 at 11:08 am (1 year ago)

    Oh, wow, things are moving along quickly. Good luck!

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 1:22 pm (1 year ago)

      Things are moving quickly yet it feels slow as well since we have been looking at condos for months now. Thanks Tina :)

      Reply
  9. debtperceptionNo Gravatar
    April 2, 2013 at 11:14 am (1 year ago)

    Good luck! And the stakeout, hilarious!

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 1:22 pm (1 year ago)

      The stakeout was fun! Hehehe

      Reply
  10. Johnny MoneyseedNo Gravatar
    April 2, 2013 at 11:19 am (1 year ago)

    I’m excited for you. Buying a house/condo/place to live is a great way to start a life with someone. Plus there’s just something about owning you own place that’s so satisfying. You can do whatever you want, short of burning the place to the ground :)

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 1:23 pm (1 year ago)

      I can do whatever I want. Just the way I like it :)

      Reply
  11. Grayson @ Debt RoundupNo Gravatar
    April 2, 2013 at 11:36 am (1 year ago)

    First time eating a KK donut, WHAT? I know what you mean about being on edge about the offer. I remember those times and I hope you get it. Good luck GMD!

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 1:24 pm (1 year ago)

      First time eating a KK donut! There’s only 1 location in all of British Columbia!!! It was kinda overrated though. Maybe I just need to try it fresh and hot!

      Reply
  12. CatherineNo Gravatar
    April 2, 2013 at 11:39 am (1 year ago)

    Sooo exciting!! Fingers crossed for you! When we put in the offer on our home we totally low balled just to get the conversation going and they accepted within 24 hours. They had to move pretty quickly b/c of a job so accepted the low price no questions asked. Can’t wait to hear!

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 1:25 pm (1 year ago)

      Ahhhhh I can’t believe they accepted your low-ball offer!!! Lucky ducky! I hope but I know they won’t accept ours…

      Reply
  13. Michelle's Finance JournalNo Gravatar
    April 2, 2013 at 1:46 pm (1 year ago)

    It’s great that you found a good realtor that puts what you want and need first. Good luck~

    Reply
  14. Girl Meets DebtNo Gravatar
    April 2, 2013 at 2:17 pm (1 year ago)

    Thanks Michelle. We were lucky to have found him :)

    Reply
  15. MackenzieNo Gravatar
    April 2, 2013 at 2:58 pm (1 year ago)

    How thrilling! I am excited for you and I hope everything works out and you get the place! :)

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 3:04 pm (1 year ago)

      Thanks Mackenzie! I really really really hope we get the place too :)

      Reply
  16. mochimacNo Gravatar
    April 2, 2013 at 6:23 pm (1 year ago)

    Good luck. I hope you get it. Your second person sounds like a dream realtor.

    Goes to show you that even if you think you’re good at your job, if you are greedy & lack passion and honesty for the work, you’ll lose business.

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 9:06 pm (1 year ago)

      I completely agree Mochi. The first realtor was young and efficient but he lacked the passion, honesty, and heart of the seasoned realtor.

      Reply
  17. KK @ Student Debt SurvivorNo Gravatar
    April 2, 2013 at 7:19 pm (1 year ago)

    Confession, I’ve never eaten a KK doughnut either. Crossing my fingers you get good news! Bf and I bought our place last April. April is a good month to buy a condo ;-)

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 9:16 pm (1 year ago)

      So I’m not the only one who has never tried a KK doughnut!!! April does seem like a very good month to buy a condo ;)

      Reply
  18. JustinNo Gravatar
    April 2, 2013 at 8:12 pm (1 year ago)

    Good luck with your condo purchase. I think it was really smart to go with someone else. When we purchased our house I felt that, towards the end, all ours wanted us to do was buy a house to get that money.
    Also, super smart move doing the stakeout. Now you know that these are the type of people that you want to live near.

    Reply
    • Girl Meets DebtNo Gravatar
      April 2, 2013 at 9:17 pm (1 year ago)

      Not to take credit but the stake-out was totally my idea and J just went along with it :) Thanks for your support Justin :)

      Reply
  19. American Debt ProjectNo Gravatar
    April 2, 2013 at 9:37 pm (1 year ago)

    Good luck! That sounds like a nice condo. Your realtor sounds excellent, I could use someone like that!

    Reply

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