Offer Three, See Offer One

We made a fresh offer on the first home again. We just have not found a home we like as much as this one. Our realtor is more confident that this offer is sweet enough to make the seller move on it. We are hopeful and should hear something by Monday. They do have an open house scheduled for tomorrow, but it is supposed to be stormy here, let it rain! If they accept the offer, we will have to save about $8000 in the next 8 weeks. That is doable, but we will have to tighten down the purse-strings to pull it off. Hopeful once again.

Offer 2 Countered, Rejected

As I somewhat expected, though was hoping would not happen, the sellers of the home we placed our second offer on countered our offer with a poor one. We briefly considered revising it, then decided to flat out reject it. I just don't think they are actually trying to sell their home. They have had it listed several times since 2005, usually for short periods of time. In fact, just last year they had it listed for $259k, which means that even after Realtor fee's, they would have walked away from our offer with more money than they listed the house for last year! I just don't think their home appreciated $10,000 in the last year while everyone else's home went down in value. They can keep it forever for all I care.

There are officially no other homes on the market right now that we are interested in. So will will keep saving our money and hoping more come on the market between now and summer.

Offer Number Two

After looking again at a home we previously viewed, we decided to go ahead and make an offer on it. The big drawback was the backyard, which appeared to be very small. We drove by the house Saturday and started wondering where the property lines really were. Our realtor emailed us aerial photo's of the lot with the lines marked and we were very happy to see that the lot is MUCH larger than we originally thought. This makes a huge difference.

Again, we are a long way from home ownership, and while hopeful the current owner will accept our offer, we are doubtful that they will. I will write more in the blog very soon if they do in fact accept the offer, or counter with a reasonable deal. We still have to get past FHA appraisal, which from what we understand can be very difficult.