Aug 11, 2007

House

The housing market here is stupid. I've haven't seen so much money paid for real estate since I lived in Singapore back in the mid 90's (Man that was a long time ago now).

The boss that my house bought had offers to buy it at something stupid like an extra 30,000 (700,000 property) before settlement had gone through!

House values have risen something ridiculous like 14% in the last 12-24 months.

So looking for one wasn't an exciting prospect with the limits that the company had put on what they were willing to buy. We only got shown one and that was way too small. Then we were told that there was nothing else close to appropriate within the company guidelines.

There was one that we were interested in, but it was too old and too much money. A few words with the boss and then the real estate agent and we got to have a look.

Well actually, Caroline got to have a look at 2pm yesterday. Last night we got approval from the company to put in an offer. Today at 1pm that was put to the vendor. At 2pm I got a call to say the offer had been accepted and we have an inspection at 5:30pm.

Considering how slow it can be to line up and pay for your groceries, get a seat at a restaurant or just drive home from work, real estate seems to be exceptionally fast.

I think it moves at the speed of money!

There'll be a link to the house in your notification email (can't have just anyone knowing where we'll be living!

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