Well, as I mentioned in my previous post, there are a lot of lose ends that can rapidly unravel a real estate transaction. We got a call back (finally) from the hospital that wants to buy our old place today and they said that the "board" did not "approve" them for our final asking price. They want to back down about 15K, which means we get screwed out of a year's worth of rental income on the house, basically. We don't know what to do. We could back down and take it, but that means we might not get approved for the loan on the house we put an offer on. We could just tell them to go to H-E-Double Hockey Sticks, but that means that everything goes back to normal and we keep playing the waiting game with them (and I slowly continue to lose my sanity and my will to live). We could try to negotiate. We could hold out for more, but then again we might not get it.
I know this seems like we're grasping at straws here, and that we're being greedy. I mean, what they're offering is still a really good price in today's market... but I'd appreciate it if you all would keep us in your thoughts and prayers. It's kind of a big deal to me, because that extra ammount would really mean the difference long term between having to work full time, or getting to stay home and raise a family, and whatever we decide I don't want to look back on this transaction years from now and regret our decision. If the bank approves our offer on the house in Springville, we'll probably accept the lower selling price, but if they demand that we pay the asking price, or even try to meet in the middle, we might have to go back to square one.
Keeping my fingers crossed.
1 comment:
Praying that everything works out well!
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