This may be the longest post to write in history. We have been “kinda” looking for houses or property since our second visit to Boquete. Usually nothing serious but always aware of what is for sale, the price, the location, the neighborhood, the climate – well, you get the idea.
I look at real estate updates constantly and have monitored them, yes, all of them, for the last 3 years. What is surprising is, we haven’t decided for certain if we actually want to own property or not.
The positive reasons to own a home in Boquete is: decorating to your own taste, gardening, planting fruit trees, owning a dog
The positive reasons to keep renting: roof leaks, septic tank and other maintenance concerns are not our problem, not tied down, can’t own a dog
Over the last 3 years we have looked at every area in within 5 miles of Boquete village. We narrowed our preferred areas over the years. We almost bought a piece of land about a year ago. The owner kept adding on requirements until we were no longer interested. He subdivided his land so could one day be our neighbor and that became less and less appealing. Every parcel of his land is still for sale because he is so unreasonable. Things happen for a reason.
That disappointing event turned us more to renting forever. But then the plant sales happened. And we saw so many animals needing homes. And we want to paint. And we want to furnish our own place. And I want a real vanity. And we want to bring our container with our stuff. And….and….and…….
This week we put in an offer on another house. The first time I saw it, I though it looked more like an orphanage than a house. It has 7 bedrooms but only 2 bathrooms. It shows terrible. The owner started with a price way too high. Over the last several months they have dropped over $100K but it is still over-priced (IMHO). We have over a year on our lease so if we choose to buy something now, it must be a real bargain. So we made a low-ball offer. The house will need about $30-40,000 of renovations to change it from an orphanage to a home. The owner still thinks he owns a treasure.
He responded to our offer by dropping the price a mere $10K. Not even rational. He hasn’t had a single offer after months on the market. Since then, he’s taken out everything not nailed down. Appliances, closets, curtains – everything. I don’t understand sellers. If your house isn’t selling, don’t make it less desirable.
We will see how things go but will not be counter-offering until he takes a reality pill. We have lots of time and he does not.
Final update: The seller has decided to raise the price of his empty home that is void of all amenities after it didn’t sell at the lower price. I don’t understand sellers. We will see how this new plan works out for the sellers.