Enough is enough... House selling.

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So, the viewings for our house finally finished on Monday this week after several days of open house and individual appointments. It is weird to have people traipsing through our house (and not taking their shoes off...) whilst we are out camping out in the car or a cafe, but I think people don't really want to see us around their future home!

Still, we would meet some of the last potential buyers as they walked around the neighbourhood or were standing outside our house. I guess that they would recognise us from the photos... or maybe from the fact that I was unlocking our front door! It was actually nice to chat with people... to get a rough idea of who might be bidding on the place, and who might end up being the future caretakers of the house.

So, on Tuesday, the offers started rolling in... starting at the asking price, and then ratcheting up above that. The real estate agent had hinted at what it might go up to... but we were still a bit in shock. So, by the end of the day, we thought that we were more than happy with the last price. However, we were a bit disappointed that one couple that we had met weeks ago hadn't yet made an offer... we really like them!


So, backing up a bit... a few weeks ago, whilst we were away on holiday... there was a couple (who live in the area) that had just done a mass drop off of lots of introduction letters in the mailboxes of the neighbourhood. It was a really nice letter, with a drawing from the woman (graphic designer/visual artist) and man (programmer? Indie game developer?). Anyway, it said how they were living in the neighbourhood... she is from Central/South America and he is Dutch, but of Vietnamese descent, and how much the wanted to stay in the area, as it was an area where they both liked so much, it is quiet and there was a wide mix of people from Netherlands and elsewhere.

Unfortunately, like many people at the moment... they were finding it next to impossible to land a purchase on one of the places in the area. The property market here in the Netherlands is crazy hot, and it is really a sellers market, with people purchasing way above the tax valuation and even bidding over the list asking price. This is in stark contrast to when we bought the place, when the market was bottoming out, and we negotiated DOWNWARDS from the starting price! Needless to say, this was pure luck... although, we will be likely buying into the wrong end of the market when we return back to Australia... unless the Universe is on our side and everything crashes in the coming six to twelve months!

So, they were saying that despite sometimes having the highest bid on a place, they were getting edged out by slightly lower offers that were being offered in cash only. They could manage a mortgage and cash combination... but nothing like the full purchase price in cash only!


So, at the end of Tuesday, I received a message from the guy (we had stayed a bit in contact after they had visited... it is a pity that we are leaving, I think that our families would have been good friends!). He said that he and his wife were trying to balance out a package where they would be able to offer a cash/mortgage offer on our house... but that they needed to balance their spend on the offer against their own long term savings.

Anyway, later in the evening, our real-estate took in their offer and it was a nice combination that stood just above the previous high offer of cash only. At this point, my wife and I had a bit of a chat... and came to the conclusion that we would just ask the real-estate to accept the bid, and to stop the bidding. We had people that we wanted, and they were also offering the highest bid anyway... and we didn't want it to continue to a point where we had to choose between people we liked, and a higher offer from people we had never met!

Our real-estate mentioned that he could probably push them a few thousand euros higher, but we said no.

However, until the contract is rolled out... I understand that the real-estate has to keep the offers open or something like that. So, we went to sleep... happy in the way that things had turned out.

The next day... near the end of the day (yesterday...), the real estate called us... we had received one more offer that was significantly higher than our preferred couple that we had already said yes to. He said that it would be in our rights to accept the higher offer, and that he would handle all of the arrangements. My wife and I, we both came quickly to the same decision... nope, the money was more than a little bit tempting, but we would not accept the higher bid. There are some things that are worth something to us... having already agreed we felt terrible to renege on that even if it was technically allowed, and we didn't want to force others into a bidding war... and we wanted to know that our beloved house of the last eight or so years was in the hands of people we liked.


So... more than a little bit more sentimental. Probably why I am terrible at price negotiations and trading. But on the other hand, I do sleep soundly (mostly...).

In the end, it may prove to be a foolish decision... but when we accepted the first offer, we were already surprised and overjoyed with the amount and the fact that it was going to people we liked. The second higher offer... well, didn't change any of that. We were still getting the same amount, which was more than we had thought we would get... and perhaps something that was worth a bit more than money...

... or maybe in a few years down the line, I will find out that these people aren't the people that I thought that they were, and that I should have just been mercenary and gone for the numbers! Who knows, but I've had my share of luck in life... so, at the present, I am more than happy to share that around in my own little way!

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15 comments
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Bang, I did it again... I just rehived your post!
Week 73 of my contest just started...you can now check the winners of the previous week!
!BEER
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You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)

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No nothing wrong with that. I also would want a family with kids on my house rather than the highest bidder which can be an investor. Hopefully they can finance it as mortgages are not financing 100% nowadays but 80% of execution value max...

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Eeep... I hope so as well! I guess we will find out soon enough!

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So, you sold your house?
Well, good luck!
Are you moving to another country, another state, or another city?

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It went pretty damn fast! We are returning back to Australia from Europe... so, other side of the planet!

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<3 You did something good.

The market is crazy right now and I have felt the frustration of not finding my home, even though I really believe I deserve a place that will make it possible for me to live without a stairs, which I have now, and is hard to combine with my foot problems. Still, no house, still living with stairs, searching for years, always being overbid by people who apparently have loose money laying around.

Anyway. You did good. It's a great feeling to know you leave the house behind to people you like and who might've helped you out as well if the situation had been reversed.

:-)

Congratz on the bid and hopefully problem free sale!

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Thanks, hoping it all goes smoothly... contract is in review now!

Anyway, best of luck finding another place... it is crazy hard for people to find places at the moment. I'm hoping that we will have luck on our side on the other end of the deal when we land in Australia!

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Hope the people you opted for take care of it, a gut feeling is usually a good tell.

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Hope so too... even though we will never return back to the place, we feel like we will always have some sort of sentimental attachment to it.

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Yes in the heague there are investment clubs buying up all the houses and rent them out in rooms for huge prices per room.

They wanna do something about that, groups of protesters are trying to find those private investment groups.

There are a lot of foreign people in the nearby work area 'westland' and they need room. Also a street went up in flames there were living 10 people per house mattresses in living rooms everywhere. They need new housing too. But if there are like 40.000? people working they need place to stay after work.

Also before war all over the world broke out there was already a housing problem. Then the government decided to take 1 million? Refugees up in society but building of new housing was already at maximum build speed.
Then the cleanair crisis shuts down construction sites no new houses could be build for a while. (This is still hanging above their heads) the government decides now to take down all (a lot) the farms in the Netherlands. ..

This all under leading government rutte (I asked everyone around me no one I mean no one voted for rutte everyone I know and don't know didn't vote for the vvd so how can it be that vvd and rutte were the winner? Just a legit question.)

And I am be set on the street planned 1 oktober because I can't pay my rent anymore. There are multiple guards for that but still they go on trying to get me on the street by the Housingcorporation. (I go for high court and must nullify the eviction notice of 1 oktober)

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Ouch, I had no idea that here were investor groups going around. That makes things even harder for everyone else who actually wants to live in the houses!

Hope you manage to make things work in your own situation.

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House prices are going up everywhere. My daughter wants to buy a flat, but you can't get one around here for a sane price. They're all being bought up by landlords or potential landlords for renting out. One estate agent, she looked at openly listed their flats as "Landlord Investment Opportunity." it's heartbreaking to see her disappointment.

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Ouch... they aren't even bothering to list them as houses to live in anymore?

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