Well, So Much for That
Published at 12:39 on 3 May 2014
I made a strong and generous offer on a condo that actually met most of my standards yesterday. It was not accepted.
So be it. It’s a competitive market for buyers, so I’m willing to make strong offers promptly. I am not, however, willing to be a seller’s doormat.
This particular seller wanted an open-ended rent-back at generous terms (basically, I’d run a slight loss while she was my tenant). If that’s the sort of crap I have to agree to in order to become a homeowner in today’s market, I don’t want to be one.
Mind you, I’m not giving up quite yet. I’m still keeping an eye on the market and will make offers on other suitable properties as they become listed.
But if I keep running into stuff like this, forget it. Ownership is merely a tool, not an end goal. Other tools exist.