Wednesday, September 14, 2011

SOLD!

Ok, so this post is a bit overdue, but we've been crazy busy lately.

We sold our house!!

It officially went on the market last Tuesday (we had to wait because of Labor Day). We had two showings that night, and one of them made an offer! It was a very reasonable offer - full asking price minus some closing costs. We listed the house at a price higher than we actually expected to get, and the net offer was higher than I had hoped to get for the house, so we accepted! And not a moment too soon, and I'll tell you why...

When a sale is contingent on the buyer selling their house, as it is with the house we're buying, the seller can still accept another offer if they want to if that offer doesn't have that contingency. If that were to happen, the sellers would have to give us 48 hours to remove the contingency, or our contract would be void and they could sell the house to someone else.

Well, when our realtor came over to present the offer on our house on Tuesday night, he told us that the house we're buying got two more offers that day. So it was very good that we sold our house so that we could remove the contingency if we had to. About 20 minutes after the realtor left, he called and told me that they did, in fact, ask us to remove the contingency. So, if we hadn't have gotten an offer that day or the next day, we would have lost the house. Yikes! That was close!!

So last Thursday, we had both the inspection for the house we're buying, and for the house we're selling. Both houses passed, so now we only have to worry about the appraisal. Our realtor used to be an appraiser for a bank and said he doesn't think either house will have any issues with appraising for the selling price. So it looks like this whole thing is really going to happen! It's so crazy to think that in 6 short weeks, we'll own a different home!

I think this whole process is a bit more exciting for me than it is for James. Last week, he said, "It was more exciting the first time around," to which I replied, "This IS my first time around!" James owned this house before we were married, so I didn't get to pick it out, or get all excited and think about where I was going to put what, and how I was going to decorate, etc... It's stressful to buy a house, but so exciting!

And I'll leave you with this picture that I look at when I need to be reminded that this is really happening...

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