Going over house budget?

[Deleted]

If I loved the house, then I would give in and agree to the seller's final offer. To me the difference seems very small. I am known for being a doormat, though, so take that with a grain of salt.

[MrsMB]

In the grand scheme of things....$2k won't make that big of a difference. Will they replace doors for $252k?

[wanderingenough]

This seems like a debate my H and I would have. He has to feel like he is getting a deal, despite the fact that a diff of 4k over the life of a mortgage is like $15/month. In the end, I'd probably base how hard I pushed it on how in love I was with the house (vs. how desperate I was to find one).

[travelbug]

I feel the same. In the grand scheme of things I feel going over by that little amount is not going to make a huge difference. I'd probably budge if it were me.

[MrsMB]

jjwritergirl - Not to be manipulative, but ask him, "Imagine us living there. What that look like/feel like? (Just dream with me for a minute.)"

I heard that on a Christian radio show once. Sometimes, guys tend to get stuck on one thing where we women tend to be able to multitask/see the bigger picture. Try to break that up a little....It makes sense to me. He may still hold his same opinion...but worth a shot.

[HoneySpider]

If I really wanted the house I would take the offer. $2k is nothing in the grand scheme and you don't want to regret losing the house because of it.

P.S. I hope you guys get the house - so exciting!

[bk1]

When we bought our house it was from the bank and a total nightmare. The bank did not care at all about what we wanted and would not negotiate. We ultimately ended up paying 9k more then we wanted to, but it was still below listing price. It was worth it because we could truly see ourselves in that house and had not found anything else either one of us liked. It wasn't "perfect" but it was as close to as we had been able to find on the market.

So I say if it is something that you truly can see yourself in I would just pay what they want. It sucks, but it is such a small amount in the long run and not worth backing out for.

[awick14]

$2k for a house you really like and having kitchen and two bathrooms renovated is really nothing.

[luv2rn4fun]

I can totally relate. When we bought this house we offered $320k, which was full asking price (we also had to put the offer in soon as there was another offer coming in...we had only looked at 3 houses in this city/neighborhood). Anyways, offer was accepted and then the appraisal came in at $310k. DH tried to negotiate down to $310k because he didn't want to pay a penny more than "it was worth". The sellers brought it down to $315k and we agreed. Thing is, we LOVED the house...the floor plan, newly renovated kitchen, etc. Yes, there was still work we wanted to do but it was basically move in ready and we could do the work as we found fit (financially, time, etc). Really the kitchen sealed the deal for us...I don't think DH could have said no because there is no way we would ever have a kitchen like this in our price range (they did a $40-50k renovation on the house, primarily in the kitchen).

I agree with PP...$2k (or even $4k) in the grand scheme of things is not a deal breaker if you both love the house. Praying your DH gets on board and really does love the house as much as you and is willing to compromise so you guys can have a home you both love (and soon!).

[mac08]

I agree that 2K is not a significant difference, over the cost of a mortgage it will be a really minimal increase in your monthly payments.  Would he be receptive to gently reminding him/asking him if it's more important to have this great house that fits all of your needs and you both love, or sticking to an arbitrary number out of principle? 

[wanderingenough]

But I would make sure it was actually valued at that. The last thing I'd want would be to go to sell and have trouble getting what we want---and H be all "I told you we shouldn't pay this!"

[ewall]

$2k wouldn't bother me. But then again we went $28k over budget, lol. It worked out.

I do get having a sticking point. For us, it was an undisclosed deck defect. Owners agreed to comp us $300 for a temporary fix, but if they hadn't we probably would have walked.

[wanderingenough]

It's frustrating for sure, but think of all the great options that'll be listed in the spring!

[MrsMB]

jjwritergirl Sorry friend. Hopefully, they come down. If not, I'm praying you guys find something even better But you're very right to let this go....

Many hugs

[luv2rn4fun]

Oct 29, 2014 13:31:58 GMT -5 MrsMB said:

jjwritergirl Sorry friend. Hopefully, they come down. If not, I'm praying you guys find something even better But you're very right to let this go....

Many hugs

Ditto! 

I'm so sorry jjwritergirl.   It's very frustrating, especially when you love the house and it's only a small chunk of money.  But, if your DH isn't on board it's best to just walk away (I'm wondering if he would feel it's the perfect house even if they came down to your asking price...sounds like he's really waivering on the house itself). 

FWIW, for the first two years of marriage we lived in the condo I bought before DH and I ever met.  DH hated the place, how much the HOA fees were, property tax...pretty much everything about the place.  It caused some strain on our relationship during that time...now that we're in a house we both like and can call home, things are so much better!

Hang in there!  Sending you LOTS of ((hugs))!  And yes, if this doesn't work and you end up waiting til spring it sounds like he's willing to be much more flexible so hopefully it will be a smoother process for you guys.

[HoneySpider]

Sorry JJ, that is really frustrating. But if your H isn't completely happy then you're right, it's not worth it. It's just a house and there will be other options!

[pooh8402]

It's frustrating, but if one of you really can't see yourselves in the house or have reservations, you need to walk. Buying a house is too big a purchase to have any doubts. That's why it took so long for us to find a house, because we needed perfection. Hang in there.

[travelbug]

Probably for the better, but still frustrating! Something even more perfect will come up. It's probably good to wait to really love it being such a large investment! <3 *hugs to you*

[spankswife]

If you love the house, we are talking about a 0.8% over budget amount. I would do it.

If you don't love it, or there is a ton of inventory, then you can continue looking.

Sorry just saw the update. I would almost consider waiting 6 more months to buy more of a house you will love for year to come. (says the girl who wishes she would have waited).

[awick14]

With your update jjwritergirl I would hold off even if they come down in price.

Your H is wavering on it and that's enough to pull back for now. Wait until the spring and see what happens then. (Says the girl who went $5k over our budget, and bought a house on a whim, lol)

[zarapipe]

I'm aorry you guys aren't on the same page. But unless you bother love it and agree I would walk.

My ILs bought their house 3 years ago and fil settled bc it didn't have a garage, which he said was no big deal but he loves to work in the garage. He settled for mil bc she loved the house. Guess what? He is miserable without a garage and their house is for sale. Off track I know.

[melsamoony]

I would go for it.

[mac08]

If it's not just the money, but not being happy with the house, then yeah, it makes sense to walk away from it even for 2k.  

[bk1]

Hugs JJ. Sounds like your H just isn't set on this house. That's okay. I hope you have great luck finding the perfect one.

[MrsAggie]

I went 50K over my initial budget so I'm probably not the best person to go to for advice

MM would be horrified.