So this is what disappointment feels like

Well, we finally took the plunge and made an offer on an apartment near Les Gobelins.  It had everything we were looking for: gorgeous well-maintained building from the 1900s, concierge, cellar, elevator, high floor, balcony (and great view!), and even though it needed significant renovations it was within our budget with the work estimate included.  But – the lower bidders were given an opportunity to meet our bid, which was full asking price, and they did.  Bidding beyond full asking price is not permitted.  So unless something unforeseen happens and they drop out, we lost out on our first coup de coeur.

Back to pounding the pavement.


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5 Responses to “So this is what disappointment feels like”

  1. Struggler Says:

    This is rotten luck; how interesting that bidding beyond full price is not allowed. I’m fascinated by different countries and how they do real estate; when I lived in Scotland, for example, the price was the starting (lowest) price that was deemed acceptable and buyers would then bid over it.

    I’m sorry you missed out on this apartment but the bright side is, you’re starting to build up a really good understanding of what you will and won’t compromise on, and you’ll be able to move very fast next time a “rare pearl” comes along.

    Just found your blog today and am fascinated by the process you’re going through! Entirely selfishly, I hope you don’t buy something too quickly, so I can follow along a bit longer!

  2. househuntinginparis Says:

    Ha thanks. Yeah this apartment was an unusual case because the sale was being handled by the notary handling the estate of the owner, not a real estate agent, and this notary had very particular rules. As it turns out, the 2nd-highest bidders had actually increased their bid to full asking price *BEFORE* our notary faxed over our offer, which is bizarre because the only 2 other bids on the table were significantly lower than their bid. So we don’t know what was going on or if the notary had communicated to them that he was expecting an offer at full asking price. Very fishy.
    Trying to be positive but I think we just got very very lucky with this apartment only 3 weeks after the search started (the ad didn’t mention anything about balcony or view – it just said “top floor with elevator and guardian in stone building, work needed”, and since the asking price was so cheap I was expecting the worst.
    Not gonna lie, in the back of mind my still hoping that the other people drop out.

  3. Square Gaston Baty « House Hunting in Paris Says:

    […] realization: To this day, I have not seen anything that holds a candle to the Gobelins apartment.  Even the Ecole Militaire one, while in a more posh neighborhood, was not as nice a building and […]

  4. Third time’s NOT a charm – Commerce « House Hunting in Paris Says:

    […] staircase.  Nothing short of amazing.  This is the first building I have seen that has topped the Gobelins one we missed.*  Just gorgeous.  Oh, and concierge, cave, 4th US floor WITH ELEVATOR AND little balconnets on […]

  5. Rue d’Alencon « House Hunting in Paris Says:

    […] that you had to pass through to get to the kitchen.  And it was the same price of the infamous Gobelins one so I think I would be physically incapable of signing an offer at that price on such a clearly […]

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