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First Home Offer Verdict – DENIED!

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Yep. First contract offering was a bust. The original offering of $290k with an escalation up to $300k was rejected but the details of the winner won’t be available until things are settled and posted to MRIS. The total contract value had to have been over $300k, which I anticipated considering there were three other offers all of which knew there were three other offers. At over $300k, my psychological barrier, it would’ve been too much. $299,999.99 would’ve been juuuust fine though. Go figure. But here are the gory details of the property…

This was the house I put a bid on:
List Price $290,000 – 8566 BLACK STAR CIR, COLUMBIA MD 21045
Nice little three bedroom, two full and a half bath joint with a nice basement. In looking back at it, and this may just be sour grapes, I’m kind of glad I didn’t win it… one problem I had was that it sat very close to Snowden River Parkway (map), which is a relatively busy two/three lane road. The noise was still audible from the master bedroom, a downer when you are trying to sleep, so like I said, losing it wasn’t a big deal.

I also wasn’t too keen on paying the Columbia Parks and Recreation Assessment “tax” (CPRA) of around $500 a year (plus the $30/month Home Owner’s Association), a fee that’s tied to the value of the house. Though, what the CPRA pays for is great — parks, pools, and nice libraries.

So, the search continues…

Update: According to public record, the house was purchased for $312,000, or 7.6% over the listing price.

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2 Responses to “First Home Offer Verdict – DENIED!”

  1. risk says:

    good luck in your next one. look that that you’re not going to let psycho affect your future decisions, which is good. Did you get a counter offer? if not, I wonder whether the denial is soly because of the price you offered. maybe the winner has some ties to the seller, the seller personally likes the winner or the agent is pushing the deal in house to maximize the commission (sad that I’ve heard many cases like that.)

    btw, I always love cathy comics

  2. jim says:

    i’ll try to follow up and see what the final selling price was once things settle (probably 2-4 weeks) and post an update (if i remember) :)

    i bet it’s just bottom dollar or timing (i said I’d settle within 30 days, boiler-plate decision — they had already moved out) but I’ll post an update when it’s posted to MRIS.


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