Gulp.
2007-12-04 20:06:58.661171+00 by Dan Lyke 5 comments
We just settled on a price for an offer on 10 Mission Drive, Petaluma, CA 94952.
2007-12-04 20:06:58.661171+00 by Dan Lyke 5 comments
We just settled on a price for an offer on 10 Mission Drive, Petaluma, CA 94952.
comments in ascending chronological order (reverse):
#Comment Re: made: 2007-12-04 20:59:00.572402+00 by: ebradway
Little pink houses for you and me...
Congratulations!
Got married, bought a house... What's next? Kids?
#Comment Re: made: 2007-12-04 21:03:16.341702+00 by: ebradway
Yikes... a little quick math... if you offered $75K less than the asking, you're still paying almost $500/sq foot!
#Comment Re: made: 2007-12-04 21:13:12.56144+00 by: crasch [edit history]
Congrats!
#Comment Re: made: 2007-12-04 21:53:42.937936+00 by: Dan Lyke
Oh dear $DEITY, I've actually had that exact Tupperware piece...
#Comment Re: made: 2007-12-04 22:01:03.648757+00 by: Dan Lyke
And, Eric, it's an expense, not an investment...
Before we made this offer we took a 3 variable equation, the price of the lot per square foot, the price of the structure per square foot, and the price of the address in the neighborhood. We ran a bunch of recent sales through that equation, since each sale had something we could put in the former two slots, and came up with a remarkably consistent set of numbers, and we based our offer on that. Maybe I'll do a breakdown a bit more once we get further through negotiations, but perhaps the way to think of it is that we're paying the HOA fees up-front. Might be a bit riskier that way, but hopefully there are rewards too.