Sunday, May 22, 2016

Making an Offer on a House

If you missed the first part of this story, click here to read it.

After touring the four properties with our agent, we had a decision to make. I was a hard sell -- mainly because I really had not anticipated falling in love with a house on the first day of touring properties and it was just overwhelming to think about making an offer without even having a chance to sleep on the decision.

The reason why I didn't have a chance to think through the decision longer was because the houses in our price range are moving FAST. We knew this was not just our agent pretending the market was better than it was -- most of the homes we had toured through open houses had offers pending within a matter of days.

This process very much felt like taking the leap and learning to fly on the way down. Thankfully, we have a seasoned agent who could help us manage everything.

I was a nervous wreck before we made the offer. Walking in, I cried (for about 30 seconds) from the overwhelming decision. Mostly it was excitement, coupled with the realization that we were making potentially the biggest financial decision of our lives in the span of about 60 minutes.

We drafted the offer, which was just a smidge below asking price and we also asked the seller to cover closing costs. We finished signing everything with our agent around 6:00PM. The seller had until 10PM to respond.

We waited for what felt like an eternity. I paced around our apartment. C ordered a pizza, but my stomach was doing somersaults and I couldn't eat.

As the clock ticked closer to 10, we grew more convinced they were rejecting it.

Finally, at 10:03 our agent called to tell us "Congratulations! They accepted the offer without countering!"

We were utterly shocked and also very excited. My stomach remained in knots for the rest of the night and I had trouble sleeping.

Two days later, I still can't believe that happened! We are now waiting to get the home inspection and appraisal scheduled.

To be continued...


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