Last night I got a text message from my real estate agent saying that the house we have been trying to buy for the past 5 months has dropped their price another $15,000 this is after they already dropped it $10,000. So, overall they have dropped the price $25,000 below the price we are under contract for. Obviously, they are seriously motivated to sell the house, but now I am torn. I had pretty much decided that it was not meant to be and that the fact that our house wasn't getting interest is because we are we were supposed to stay right where we are. I can't deny that I am still in love with the house, as it is a beautiful house with a fantastic view of the river. However, over the past several months I have pondered the pros and cons of it and seemed to have lost my rose colored glasses about the place. For one, we would have to spend about $30,000 right off the bat to build a garage for James' cars. Second, it is a huge place and probably would be a killer to heat in the winter. Third, my commute to work would go from 5 minutes to about 35! Fourth, there is not a fenced area for dogs and the street is significantly busier than the one we live on now. My crazy beagle can figure out how to escape from almost any enclosure. Fifth, we have finally made friends with the neighbors and I am feeling a bigger connection to this neighborhood and community than I have since we moved here. Also, my oldest son seems to be doing well at school and I don't really want to disrupt his life too much.
Okay, while that sounds like there are tons of cons, I do have some pros. First, I have always wanted a historic home with character. This house has the original hardwood floors, details and is full of character. Second, it has so much space that we would not feel like we are bursting at the seems any longer. Third, while my commute gets longer, James' actually gets shorter. Fourth, the river view is just fantastic, and the yard is much smaller than what I have now, so less to mow and maintain! Fifth, the basement is perfectly suited for my husband's military collection and would offer him all the space he could ever want!
So, now I am trying to figure out what to do... do we lower the price on our house and get motivated again to sell? Or, do we just sit tight and ride out the rest of our contract and stay put? Obviously, this is going to take some thought, but now that the price on the house is considerably less it's hard to pass up!
