So, we finally heard back from the bank and apparently our offer was not selected. The difference between ours and the other offer was about $16k. They ended up paying $100k over asking price for the property. (Yikes!) So when I look at it from that perspective I feel better bc I wouldn't pay that much over the list price for a house that needed quite a few fixes/changes and probably won't see a return that big for years (if at all) bc of the surrounding comps.
On a happy note, we put an offer in on a house that has only been listed for about a week and it was accepted! Now on to the "fun" stages of inspections and counting down the days until closing. We're praying that the inspection goes well (it's a newer house, so we don't expect there to be problems) and the closing date comes soon! I was excited to hear that the chickens and coop come with the property, so check that off my wish list! lol
Thursday, April 12, 2012
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