Nov 17, 2008

An Offer We Did Refuse

We got an offer on the house today! I got it in my email, which was new. I had a chance to look it over and gave Holly a call so that she could look at it too. I thought it might be a tad low so Holly and I had a conference call with our agent. First I needed her to explain exactly what the bottom line was. The buyer wanted us to pay all the closing costs and that irked me. But we then found out that the buyer was using an FHA loan and there are some closing cost items that they are not allowed to pay for. I asked our agent for her opinion and she suggested we counter offer by increasing their initial offer by the total of the closing cost. That would give us a higher profit that we believe is fair for our house.

Another issue is that they want to close on Dec 17. Our new house will probably not be ready until Mid-January. We asked if they would entertain a lease-back to us or push the closing date out. We also will use our appliances as a bargaining chip. We were going to sell our washer, dryer and refrigerator but will convey them if everything works out okay.

We hope to hear something back tomorrow! It’s very exciting to be getting somewhere on this sale. We just need to see how things progress. I think this is the buyers first home because I looked his name up in our county’s appraisal roll and didn’t see his name there. And I did another search and he’s either 29 or 30 and apparently single.

If he is not able to change the closing date or do a lease-back, some friends from church have offered us the upstairs of their new house. We’d have to move out of the our house, have everything put in storage and then have it all picked up from storage in Jan and moved in to the new place. But the Army is covering the cost of our move, so we really don’t mind which way it goes. But we really would rather move just once.

More tomorrow!

And yeah – this is Roger… I’m back on the blogging bandwagon again baby!

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