… well, we haven’t quite bought it yet, but we are under contract on a foreclosure with a pool.
So far, the process has gone okay…ish.
Backstory. This house was put on the market as a foreclosure two months ago. We didn’t put in an offer. It was a steal, so someone snapped it up. Then, for months we kicked ourselves. Dang, selves!
Well, then one of the realtors or inspectors turned on the water main and left. This caused the bathtub to overflow. Water leaked onto the subfloor. This scared the original buyer, so she backed out. The house went back on the market. So, presto, changeo we jumped on it.
Step 1: We put in an offer. Our realtor said offers are usually accepted up to 7% off the asking price. We subtracted 7% from the asking price and made the offer.
Step 2: Our offer was accepted. Our realtor was right! But… maybe we should have offered a little less. Dang selves!
Step 3: We got prequalified for a loan.
Step 4: We signed the house contract.
Step 5- Step Infinity: We’re trying to please the selling entity. So far they’ve needed a contract, earnest money, a loan prequalification letter, a notarized statement with our signatures, and a new loan prequalification letter with the new houses address on it.
At the same time, we’re trying to please the bank. So far they’ve needed to know everything about us including what we ate for dinner. Pork chops, okay?! Alright, alright, it was hot dogs again…don’t judge.
Step Infinity and Beyond: We continue trying to please the bank and the selling entity.
But Pink and Rick are happy. See what they did when we told them?
What happy news is circulating around your house lately?