chris_c's Profile

I refinished my red oak floors with a water-based stain, rather than an oil-base. I got a more muted, more natural color and avoided that yellowish tint you get as the oil-based stains age. Took about four coats though.

The advice already posted is great - but I'll add one more thing. By way of context, I just bought a condo in Davis Sq - the second place I offered on, a duplex condo in a two-condo association whose previous owner died recently. I'm now in the midst of (planned) renovations, having factored them into my budget.

I'd advise you to be prepared to *walk away*. You will find - even in this market - that some sellers are unwilling to be realistic about current market value, often because they bought when the market was 20 % higher than it is now. My agent geve me some great advice: a property is worth precisely what *you* are willing to pay for it. Today. If you can't negotiate a price you like, move on. It's tough, but don't bank on future value to explain away paying over the odds.

You will also find that - again, even in this market - some properties induce a bidding war. It's easy to get wrapped up in one, but really, in a buyer's market, you're best off moving on. Case in point: the property for which I made my first offer (asking price, about two months ago) received six offers in the first three days on the market. The sale closed two weeks ago - for 7% over asking price. The seller didn't even bother trying to jack up the price by playing bidders off each other.

fwiw I'd also strongly advise you to get a buyer's agent. There are many good ones around, and they can put you in touch with other good professionals (inspectors, mortgage agents, lawyers etc). Having good people will make your buying experience almost pleasant.

Good luck!