I'm doing it folks. In one hour, I'll be heading down to the realtor's office and we are submitting an offer on the potential short sale house! Ack! I'm completely nervous because of 2 things:
1) We haven't sold our current house yet! We'll have two houses and two mortgages. Yes, our house is on the market but no telling how long it will take to actually sell it. We decided that we would offer very low (like $100k lower than asking price) on this short sale and if they accepted, then great -- we'll then adjust our asking price of our current home to rock bottom and that should sell it pronto. If they don't accept the offer, then we'll walk away because of the following reason number 2...
2) This short sale house needs a TON of work done to it. It needs a new roof first and foremost. Then there is so much more to do outside and inside. It will drain our cash reserves to do all the work but we just love the house and its location. If we do get this house, it will be our forever home and we'll have the rest of our lives to make it ours.
Call us crazy or foolish but we've been searching and searching for years. This one keeps coming up on our radar and when the price came down low enough (due to the short sale potential), I just felt like it was meant to be... stay tuned to hear how this all turns out.
Nervous... about to put in an offer on a house!
June 14th, 2011 at 08:11 pm
June 14th, 2011 at 10:09 pm 1308089346
June 14th, 2011 at 10:39 pm 1308091172
June 14th, 2011 at 11:40 pm 1308094855
June 15th, 2011 at 02:24 am 1308104679