Posted byon March 17, 2011
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We’re leaving for vacation today. Well, actually we’re on a shopping trip, shopping for a vacation home specifically.
My inlaws checked out the resort first, and it passed their initial test. So we’re on our way down to check out the property for ourselves.
After readers shared tips for making lowball offers I feel confident that if we do make an offer, we won’t overpay. We sent my brother-in-law on a fact finding mission earlier this week to look up all the comps (they’re only available in person at the local clerk’s office) and I contacted some of the current owners of other cottages at the resort to get their feedback.
I’ve run dozens of spreadsheets with the comps and all sorts of variables, so I feel confident that we won’t get sucked in and make any bad decisions. Besides, I know I’d have to answer to readers if we overpay!
Once thing I’ve been trying to determine is if we really want a vacation home. I always make my kids wait a few days before buying a toy to see if their interest wears off. I think I can now confidently say that I’ve thought about it for a long time, and we’re still interested. After all, it’s been a year since I first started discussing if we should buy a vacation home, and it’s still on the top of my want list. In fact, it’s what I picture when I think about creating my perfect day.
And just for fun, if we ended up making an offer, can I pay our downpayment in cash to get 5% cash back? I’m guessing the answer is no, but I’m envisioning arriving with boxes of dollar coins. It would look something like the guy who paid a $6500 credit card bill with pennies recently.