The latest news is that our offer was counter-offered. Here is the awesome thing - Brian offered lower than the original price and even a little lower than what we knew we could do. They countered our offer at $10k above OUR offer... That alone is awesome, because we offered low, and they came down $25k AND agreed to seller assist with closing cost. While we ran the numbers with our number man and found out we could technically do this number, we would be more comfortable at a lower number. We countered their counter, and they came down another $5K, AND still agreed to seller assist.
All total, seller assist and everything, the seller agreed to come down about $40,000 from their asking price (which was also recently reduced in October!).
NOW the next hurdles include signing the contracts, getting THEIR bank approval (this is a short sale, their bank needs to be OK with everything and do it's own paperwork), getting inspected....
On that note, the neat thing about this home is that it HAS been pre-inspected. It has certified septic. Somebody has been up keeping this house - but we still need to have our own inspections done for mortgage purposes. Bah, I hate that word. "Mortgage." What does it mean? Death grip or something like that?
So, our goal now is to close before the end of the year! (Tax purposes). See, this is all in an "ideal" world. If the seller's bank says "Great! Everything is in order, we wash our hands of this home" then we are in good shape. Our agent just advised us that things could take a while. This much I know from watching HGTV and seeing short sales go on and on for months. At the same time, though, she seemed hopeful. The selling agent was confident that he could push everything through within 60 days.. Also, this house has been on the market for months and months...I think there were agreements reached before on this house, I'm not sure.
Oh, I am so excited! People of faith keep praying for my little family here. We've been praying and praying. I mean, I suppose we could wait until the housing market dips further and further (who knows how long it could last?), but it is just one of those "things" where I feel "right" about the house. Brian feels right about the house as well. We weren't expecting that at all. Even though we love it, however, we are prepared to walk away if need be. I mean, great house, I see it as ours, and saw it as such the moment we went through it - but if for some reason God closes a door, we are not going to fight it. We prayed about it and this is something that is not worth it to us. It's too "big" of a deal. A house is a commitment. A mortgage is a commitment. We saw a few houses and though I liked some of them, none of them felt like prospective "homes" for us, or places I wanted to really raise my family, until this one. Still, we know where our limits are, and I am not that "in love" with the idea of an object that I need it at any cost.
So, this house is closer to work (awesome), and close to my parents still, 10 minutes away) but in a different township with cheaper taxes! I'll have to write about the house later. I am very excited about it, but also need to go to bed!
All total, seller assist and everything, the seller agreed to come down about $40,000 from their asking price (which was also recently reduced in October!).
NOW the next hurdles include signing the contracts, getting THEIR bank approval (this is a short sale, their bank needs to be OK with everything and do it's own paperwork), getting inspected....
On that note, the neat thing about this home is that it HAS been pre-inspected. It has certified septic. Somebody has been up keeping this house - but we still need to have our own inspections done for mortgage purposes. Bah, I hate that word. "Mortgage." What does it mean? Death grip or something like that?
So, our goal now is to close before the end of the year! (Tax purposes). See, this is all in an "ideal" world. If the seller's bank says "Great! Everything is in order, we wash our hands of this home" then we are in good shape. Our agent just advised us that things could take a while. This much I know from watching HGTV and seeing short sales go on and on for months. At the same time, though, she seemed hopeful. The selling agent was confident that he could push everything through within 60 days.. Also, this house has been on the market for months and months...I think there were agreements reached before on this house, I'm not sure.
Oh, I am so excited! People of faith keep praying for my little family here. We've been praying and praying. I mean, I suppose we could wait until the housing market dips further and further (who knows how long it could last?), but it is just one of those "things" where I feel "right" about the house. Brian feels right about the house as well. We weren't expecting that at all. Even though we love it, however, we are prepared to walk away if need be. I mean, great house, I see it as ours, and saw it as such the moment we went through it - but if for some reason God closes a door, we are not going to fight it. We prayed about it and this is something that is not worth it to us. It's too "big" of a deal. A house is a commitment. A mortgage is a commitment. We saw a few houses and though I liked some of them, none of them felt like prospective "homes" for us, or places I wanted to really raise my family, until this one. Still, we know where our limits are, and I am not that "in love" with the idea of an object that I need it at any cost.
So, this house is closer to work (awesome), and close to my parents still, 10 minutes away) but in a different township with cheaper taxes! I'll have to write about the house later. I am very excited about it, but also need to go to bed!
No comments:
Post a Comment