I figured since it's been a while since I updated on the house hunt that this morning was the perfect time to do so. My last
post might have left you feeling like you were stuck without an ending. Well that's because we hadn't heard anymore. Since then we have gotten some news, but lets recap. After two years of searching for a home of our own, Darin and I found a property that was in our price range, well sized to grow into, and in a nice part of town. We put in an offer and we were waiting. And wait we did. Most people when they put an offer in on a home wait, but it is typically a day or two before they find out if their offer was accepted, not accepted or counter offered. With bank owned properties this is not the case. You see, even though we put our offer in first thing on that fateful Monday morning we did not hear back within one to two days. No we waited a whole 12 hours before getting a multiple offer email from the seller. We were asked to put in our best and highest offer. So Darin and I considered our options, raised our offer a little and included a personal letter about why we wanted the property. You see, banks would much rather sell to someone that will live in the property as opposed to an investor that will either rent the property or flip it. (Flipping is when you take a property, make significant changes to the interior finishes, or space plan and then sell it for a profit. A very lucrative business when the market is good, which we all know if not right now.) To make ourselves look as good as possible to the bank, we did everything that they asked for. Thinking we were going to hear back rather quickly like we had the first time, Darin and I went on our merry way back to our lives.
Over a week later, and many emails to the seller we finally got a response. A counter offer. This was to be expected as it was a bank owned property, however it wasn't an increase in price like I had thought. They countered with our original price, with closing costs, but the only thing they changed was they asked us to use their financing. To us it was very undesirable, a higher interest rate is not something that I was interested in. So we decided to counter back with our same offer and financing. I thought, this is it we are out. Off I went to rent.com to see about new apartment complexes. I had this sinking feeling that because we didn't want to use their financing they weren't going to pick us. I still had a little hope though, I had my boss do her good luck tap dance (Hey, it worked for Darin's promotion so why not this?) A couple of days later I was at work, doing work related things, when the phone rang. I looked over at the caller ID to see Darin's number pop up on the screen. I thought, "Here we go, where are my tissues?" I needed the tissues all right, but because when I answered the phone Darin's voice was very optimistic and he said to me "We go it!" To which I responded, "Please don't play with my fragile emotions, are you serious?" We both had a celebratory conversation and I cried. He told me that our Realtor was coming over so we can sign all the acceptance paperwork. When I got home, we ordered a pizza and signed about a billion pieces of paper that we had already signed for the offer. What's with the redundancy? I know when you purchase a home it requires killing a small forest to do so, but we could live without signing the same document more than once. Darin got all the information together for the cashier's check for the escrow company, we had our inspection scheduled for that Saturday, and our Realtor told us that our HOA documents had been ordered. We were in good shape.
Saturday we had our inspection. It was FREEZING in the condo as the pilot light on the water heater wasn't lit so we couldn't use the heater. Everything seemed to work fine, even our fireplace! We had a scare with a reversed switch, but we got it to light! Minor wear and tear and some smoke detectors need replacing, but all in all nothing too crazy! We were excited. We had to organize all our loan paperwork and get that submitted, and work out our down payment. This was all done this past week and we seemed like we were on top of everything that we could control. However on Friday we got an email from our Realtor that she needs a new cashier's check. Um why you ask? Because she gave Darin the wrong escrow company name! Ugh! Pay attention.....also we found out that our HOA documents had just been ordered, not a week ago like we were told. So here we are, 10 days into our 17 day contingency period and we have no HOA documents. I know that this isn't the last hurtle and we will deal with more stress, but come on! If you tell me something, please make sure it is accurate! So that is all the info I have at this moment. Please enjoy the pictures that Darin was able to get at our inspection.
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View of Entry and Loft |
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Kitchen |
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Fireplace (YAY!) |
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Wet bar in Loft |
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View of Living from Loft |
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Dining |
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Guest Bath |
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Linen |