Looking back at my last post, I was surprised at how much things have changed in a week. One week ago, we were waiting for a response on an offer we had made for a house. Today, we have a contract and are meeting an inspector – for a DIFFERENT house!
Here’s what happened in between: Last Thursday the bank countered our offer with the list price, so that house was out. At lunch on Friday, Jim and I discussed changing our strategy – he said he’d been thinking that perhaps, instead of buying a small house and reserving some funds to start building our house on the Gulf, we ought to put all our money into buying a house to stay in longer term. I had been thinking the same thing, so I called our agent, who put together a new list of properties for us to review.
I looked at the properties Friday night after everyone else was in bed. One jumped out at me – a 4 BR/2.5 BA foreclosure whose price had just been lowered $30K. When Jim’s eyes cracked open the next morning, I told him there was one house on the list that we should probably look at as soon as possible since it had just had a price reduction – that tends to generate a lot of interest. He laughed and reminded me that the day before I had said I was putting house hunting aside to work on Christmas preparations. Oh, well…
We looked at the house that afternoon, which was Saturday. We decided to make an offer, which we submitted early that evening. On Monday afternoon, we received a counter offer from the seller, which we decided to accept – we officially had a contract!
We have the house inspector and termite inspector coming today at noon – assuming that everything’s OK, we will close when the title company is ready, which could be sometime before year end. We’ll keep you posted!