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Ack! They accepted!

July 29th, 2011 at 01:28 am

Ok, let's back up and review...

June 14
We put in an offer of $300k on a short sale house that is listed at $395k (down from $550k)

June 24
The sellers accept but the bank says no and counters us at $375k

June 28
We offer a counter to their counter of $305k plus $1k in sellers closing costs

July 28
The bank says OK to our offer!!

OMG! I am happy but freaked out at the same time. Never in a million years did we (nor our realtor) think that the bank would actually agree to our lowball offer! So, we are officially in contract now and expect to close in 60 days. We can back out for any reason so we'll have to wait and see what will be found during the inspection process. Wish us luck! Smile

Posted in GOALS | 7 Comments »

7 Responses to “Ack! They accepted!”

  1. MonkeyMama Says:
    July 29th, 2011 at 02:17 am 1311905868
    1311905868

    WOW!!!!!!!

    I was thinking I wouldn't even bother - the bank is clearly in la la land (as most of them seem to be around here).

    What do I know??

    Good Luck!!! It's still a LONG way to go with a short sale! (That said - I saw a short sale here sell in about 1 day and close in 30 days - I think the banks are getting a little desperate. You may just have great timing!)

    I am so excited for you though - I know you have had your eye on this house a LONG time!

  2. ThriftoRama Says:
    July 29th, 2011 at 02:25 am 1311906340
    1311906340

    Geesh. It took them a whole month to get back to you?? I have my fingers crossed for you.

  3. creditcardfree Says:
    July 29th, 2011 at 02:59 am 1311908370
    1311908370

    Wow! That took so long. Congratulations!! I hope it all goes smoothly from here on out.

  4. PNW Mom Says:
    July 29th, 2011 at 03:17 am 1311909438
    1311909438

    Congratulations! Smile

  5. uRabbit Says:
    July 29th, 2011 at 03:40 am 1311910841
    1311910841

    I need to see pictures of this place! Smile

  6. creditcardfree Says:
    July 29th, 2011 at 12:17 pm 1311941870
    1311941870

    @uRabbit, pictures of the house are on her June 15th blog post.

  7. Jerry Says:
    July 29th, 2011 at 09:20 pm 1311974411
    1311974411

    Wow, that is a wild turn of events! I hope that the home inspection leads to the insurance that there's nothing major wrong at all, and that your lowball offer officially turns into the house of your dreams. Very cool stuff! Sometimes it just doesn't hurt to ask, you know? Smile Jerry

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