Never a dull moment in the world of home buying

This month has been anything but boring. We found a home that we liked and could live in for some time. It is much larger than our current house and has a finished yard. The basement is not finished but it could be fun to work on my own house, building it up and making it my own. So we put a bid on it, starting low so we could have room to negotiate. But the home is a short sell and so expected to wait a few days to hear from someone in a bank office to accept, reject or counter offer. Instead we heard very quickly from the seller's Realtor.

He reported that the bank was sick of the home and wanted it to go away. So they were ready and prepared to foreclose and send the home to auction, just to see it disappear. But with us showing up with an offer was a ray of hope for the people who owned the home, and hoped to avoid foreclosure, and for the realtor who wanted to sell the home and collect a commission. The Realtor called the bank and fought for a chance for our offer to be reviewed and accepted. The bank gave in and stated that if our offer could be raised to a specific amount and would be presented within a hour. They would accept it and allow the sale to go through. They would also allow the home to close within 3 weeks, a rare thing with short sells.

So we jumped at this chance, revised our offer within the hour and got it in on time. We have not heard back officially from the bank to confirm that the offer has been accepted, but are very optimistic that it will and that within 3 weeks, we shall be in our new home.

Very ironically we also heard from the owners of a home we bid on last week. They have a very nice home that we both liked and would have enjoyed very much. They were asking for 225000 for the home and just would not come down a single penny. So we could not reach an agreement and we had moved on and bid on the house across the street (as described above.) Suddenly they approached us again asking if we were still interested in the home. I should not feel competitive in this home buying process, but it did feel kind of good to tell these good people that we were thankful for their interest in our past offers. But we were in the process of pursing the home next to them and so could not pursue their home anymore. So because they were unwilling to negotiate, they missed their chance with a good and qualified buyer. I guess my imperfections are now clear for the world to see within this blog.

Despite all our efforts to find our new home, we are still without temporary housing. A apartment that our Realtor offered us may not be ready when we move this next Saturday. But we will finalize that on Monday (Hopefully) If not, we could always live in a tent in the park.