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No. Move on. It’s better to buy the cheapest house in an expensive neighborhood than the most expensive in the cheapest.
I absolutely needed to hear this before I bought my house last year. Major regret buying a castle in the slums
A lot of Zillow “interest” does not mean there’s a real life interest. I see houses with 300 saves and they’re still on the market 6 months later.
Put an offer in for 550k.
Coach
Is it more expensive bc it’s bigger or newer? Typically I’d say you don’t want to be the most expensive/nicest house in the neighborhood.
It was built in the 1950’s but has since been nicely renovated. The exterior looks like everyone else’s. Looking on google maps, it’s slightly bigger because they built/extended on top of the garage
I would be concerned about the bank appraisal coming in lower than you need if there’s that much of a difference with the rest of the neighborhood.
Mentor
If the differ between is due to size of the house, the size of the land, brand new improvements to areas of the house like the bathrooms and kitchen, then the property might be worth it. Compare the price per sq foot to the other houses to get a more apples to apples comparison.
That being said I agree with the above. Usually it’s not a good idea to buy the nicest house on the block. It’s better to buy the ehhh house on the block and turn it into your perfect home. 1 you will enjoy your house more and 2, unless you do some weird changes you’ll creat way more equity for yourself.
Rule #1 STOP SHOPPING ON ZILLOW! Please try Redfin as the numbers are more realistic and close to the market prices. RULE #2 Look at a 3-5 Projection what’s coming to the area or does the neighborhood has a major expansion coming in near future? Rule #3 Cardinal Rule: Buy Low and Sell High!
Heads up that (in my state) Redfin makes users sign a brokerage services disclosure and if you decide to buy a house with a realtor that you first saw on Redfin it could be sticky because they could try to argue procuring cause. People are better off hiring a qualified realtor to set up a search even if they are just browsing. As a buyer you don't pay the commission anyway, and it's a low effort process for the realtor.
Is the house worth $750? Are there comps to justify the price? If not, don’t pay more than market value