“When It Rains, It Pours”

Posted by Sun on August 25, 2009
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I think this describes the best how we feel right now, but it’s all good.

Our agent says “Things are heating up!” and they really are.

This time last week, we were worried that we may have to leave our house on the market, hoping either to sell it if we are lucky or rent it out before the winter comes, after we move to Virginia in early September. Then we got an offer last Thursday which, after a couple of rounds of negotiations, we accepted though it wasn’t the kind of offer we have hoped to get. Then yesterday, another offer came in, but it wasn’t as good as the first one, so we rejected it. But the competition just won’t stop. This afternoon, we received another offer to buy our house, the third one in five days. And it’s much better than the first one: The price is only $5,000 less than our listed price and the buyer doesn’t ask for concession. Eventually, we will get $7,000 more than what we could get from the first buyer :)

Our agent called the company which provided the potential buyer’s mortgage pre-approval (another FHA loan) and he said the buyer’s condition seems to be pretty good (better than the first buyer). So the decision is quite easy to make. Our agent told the first buyer we have a new offer and if they still want the house, they will have to remove the demand for cashback. But they didn’t.

Can’t believe all the sudden our house becomes so hot :D

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7 Comments
August 26, 2009

Hey, maybe the housing mareket has bottomed :-) Good luck on your home sale.

Posted by Super Saver
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