Expert Advice on how NOT to buy a home

 

Expert Advice on how NOT to buy a home

 

Many years a young and ambitious college girl made a daring decision to buy a house. Mind you this girl had no idea of what buying a house was all about other than she'd read lots of books and knew it would be a good idea - some day. During her college years she liked to wheel and deal with antiques and did pretty good at that as she made it through college on her meager earnings and a scholarship. One day she headed out to a small town about an hour away from her town to attend an auction that sounded like it had a lot of really cool antiques. She was thinking about buying a table and chairs and a few other odds and ends.

 

Anna Banana Kruchten - Phoenix Real Estate Broker

She quickly learned that the house was being auctioned off too.  What? They auction off houses, she thought?  That sounded pretty cool so she toured the 1903 built home and thought she should buy it as it was loaded with charm and potential. That sounds pretty silly stupid, all things being considered, right?  This girl had no 'real' job nor did she have a lot of money in the bank. What was she thinking? 

 

 

 

 

Well of course she wasn't thinking - which is the point!

 

When the house came around to being auctioned off she made a few low bids. She knew what her highest bid would be on the house. How she knew that is beyond the scope of this story! Low and behold when the auctioneer called for the last round she waived her auction number in the air and he said.....

 

 

SOLD TO THE HIGHEST BIDDER!!!!

 

She had just bought a house an hour away from town. She went to the bankers table and they asked for a check for $2000.00 with the remaining balance due in 30 days.  OMG what was she thinking buying that house! She gave him a check for $2000.00 all the while her head was spinning on how she could make up the difference in 30 days. It was about $20,000 which was a ton of money to her at the time.  She almost asked to be let out of the deal but she had given her word at that point (ok her auction number) and she wanted to make things right. But how?

 

She took a round about trip over to her folks lake home and told them what she had done.  You're kidding - you didn't buy a house at an auction, did you???? Ahhhhhhhhh no, she wasn't kidding and told them she had no idea of what to do next. And to keep a longer story short, after awhile her Dad helped her buy the house and make it right.  She spent the better part of a summer fixing it up and bringing it back to life. When she sold it she made about $10,000+ profit and had enough to pay her Dad back too. 

 

But she never - ever - bought another home on the spot again!

That lesson was learned with more lessons to learn over the years...

 

So do you know who that girl was?

 

 

Expert Advice on how NOT to buy a home

 

 

 

Phoenix Property Shoppe
  

 

 

Anna "Banana" Kruchten
Designated Broker & Owner
CRB, CRS, GRI, CNE, SFR, CDPE, WLS


Phoenix Homes For Sale

 

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    Anna Banana Kruchten Google+Anna Kruchten LinkedinAnna Banana Kruchten on GoogleAnna Banana Kruchten of Active Rain

 

 

 

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Expert Advice on how NOT to buy a home
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