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Wednesday, June 23, 2010

HERE WE GO AGAIN

We have accepted an offer for the house.

The guy likes it the way it is!

We now enter the "contingency period" where we have inspectors and stuff.

He has some financing so that is a hurdle to a quick close. We agreed to 45 days.

We met our goal financially.

It is OK.

Now we just wait it out and do the few things we have to do while he does due diligence.

This means we enter the "contingency period" of 17 days for all the stuff but he has 30 days for financing. We will need a good appraisal which is very hard in this market. All the fluctuation between straight sales, short sales and foreclosures muck up the comps.

In the meantime we will continue to sell for backup offers.

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