Fingers Crossed

Yesterday we received a real offer on our condo! After a tumultuous week of nonsense thanks to the city of Walnut Creek, we were pleasantly surprised to learn first thing this morning that some one submitted a strong offer on our place and they even qualified for the first time homebuyers program. We made an appointment to meet with our agents later that night after dinner to discuss the details.

After more than sixty days on the market, we were nervous that the offer would be low. But, when our agents placed the contract in front of us and we started to sort out the fine print, we saw that the offer was very fair. The buyer came in just about 7K under our asking price, yet requested no closing costs, which surprised us. But, they wanted our refrigerator, washer, and dryer. After some thought, we decided to counter back at a slightly higher price, but I definitely did not want to hand over my fridge as part of the deal! We didn’t really mind that they requested our apartment-sized washer and dryer, since we planning to upgrade to a full sized set when we bought a house anyway. So we sent the counter offer back to the buyer’s agent and anxiously anticipated a response.

This morning, we received news that they accepted our counter, with the condition that the condo passed inspection and appraisal of course. This is good news, but we don’t want to get excited just yet. Even though the buyer has accepted our offer and is cleared through the city to buy from us, we know that any number of unexpected things could jeopardize the sale. So we’ll hold off on the celebration. Plus, after sifting through all the monetary details, it appears that we will walk away with just under what we initially invested into the property. We are slightly disappointed from this, but at the same time, we know that there are countless others out there who are taking enormous losses on their properties right now. So for that reason, we feel extremely blessed.

Now, we are just praying that the transaction continues to go smoothly. Once everything is in place, we are hoping that we can find a nice home that we can afford!