A Scattered Brain

On to chapter two of the house hunting process – the bids. Two things we wanted to avoid this time around were having to bid on multiple houses and bidding wars. We are 0 for 2. After nearly a month of looking, we found a house we really liked. It was one of the 3 mentioned in the previous point. I will leave exact amounts out for obvious reasons, but here was the exchange between us and the bank summed up:

• House listed at $$$
• We offer a bid of $$$ – 20 asking the seller to also pay closing costs
• They come back with $$$ + 5. Yes, they countered with a price of 5 more than their list price.
• We laughed and walked away

That house was at the cusp of our spending desire anyway so if the bank had come back with something close it could have been a hard decision. At least this way it was very easy to walk away.

We went our looking again this past Tuesday but only at three houses. The first one was awesome and we thought we would like to make a play at it. We found out that there were already multiple offers so if we were to throw ourselves into the mix, we would have to come in above list price. The list price was pretty low considering the house so we kept it in mind. The next two houses (one with the same floor plan) both left us wanting; the one with the same floor plan was trashed and more expensive, the other was too close to a major highway and you could hear the traffic. That was a shame, too, because outside of that the area was quite nice.

We decided we would make a play for that first house. We started by offering list + a little more.  The bank came back with a blanket counter to all offers: withdraw, keep the same, or try to sweeten a little.  We didn’t want this going on forever, but we decided to offer a touch more to show we were serious about the property.

It worked!  The house is ours.  Now starts the long list of things to do to get that house to close, move, and get this house ready and rented.  It will be an exciting couple of months!

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