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Posts Tagged ‘House Hunting’
Well the gas and electricity are on, but after speaking with our Realtor we aren’t going to have the house inspected till the bank that owns the property has someone look at the water heater. It’s all rusted near the bottom and the probes appear to possibly be faulty. Good news about this is that they have a crew that checks out houses for them, so we might end up getting a free installed water heater out of this. After the water heater issue is resolved we will have the house inspected. Also on the contingency front, we have signed a request for an extension due to the issues we have had with them getting things ready for inspection. We should be hearing more about that today.
We were supposed to have the inspector by today, but the selling Realtor failed to get Edison and the Gas Company to activate the services, so now we have to wait till Tuesday to get the house inspected. My dad and I walked the house today and took down some notes on what we’ll need to fix/clean/work on before we move in next month. There isn’t a whole lot to do, but it needs a bit of work.
Here are some pictures I took today.
Here are some more pictures I took today when I was on lunch at work. I’ll take better pictures with the good camera, when I walk through the house with the inspector.
So yesterday our Realtor called us and said that the bank accepted our offer! Neither Realtor can believe how quick the bank accepted our offer, with the short time it’s been on the market and that they dropped the price 20k to our offer! Last night we signed the offer acceptance sheets and our Realtor faxed it in. Today I’ve been working on getting our loan approval turned into a real loan. If things work out on time we are to close escrow on Dec. 30th!
Alright so when I last left you on Tuesday we sent back a counter offer and were waiting for the bank to respond. We got a response on Wed. and they budge a little but did not meet our offer. After talking we decided our counter offer was a high as we wanted to go and we spoke with our Realtor who suggested that although the price the bank wanted was still a really good deal we could go ahead and do a final counter offer back to the bank saying we don’t want to go higher and he would also let them know we are already qualified for the amount we are offering. Our Realtor called the realtor for the bank and explained the situation to him, he responded back that they had now already “got some offers for above the asking price”. We called BS, since why would they want to counter for less if they know they can get more (especially since this is a bank, not a person selling). So we continued with our final offer.
Today we heard back from our Realtor after he called the banks realtor and the offer was sent up to someone higher at the bank to analyze. The Realtor on the bank side didn’t mention a single thing about other offers, which leads our Realtor and us to believe there are no other offers. We expect to hear an answer tomorrow! This could be one heck of a Christmas gift.
So we got a counter offer from the bank that owns the property. We have now sent in another counter offer. According to the Realtors involved now what will happen is the bank that owns the property will send the counter-offer up to a higher manager to analyze the numbers and make a decision. I understand 99.9% of the decision is all based on money and projections, but hopefully the interest we are showing and the quick response back on the counter offer will count for something as well.
It’s looking like we might get an amazing rate (5.125%)
We are pretty close to getting to the point where we will just stand back and wait a couple weeks to see what happens. We are already close to what we would prefer to pay. Trying to keep emotions out, but if this is the place you are going to live in for awhile, you want to really like the place.