We Got An Offer!!

Yeah!! We got an offer on our house this afternoon. They offered us the full listing price and asked for nearly $8000 in closing cost assistance. They also didn't ask for a home inspection, which is crazy. Right away we thought about counter-offering less in closing cost assistance, but the more we thought about it, we decided against it.

Our home is totally first time home buyer material. It is just over 1000 square feet with 3 bedrooms and one bath. It is a sweet house because we have done a ton of upgrades. So, in thinking about the offer I realized something - this is a first time home buyer (who we happen to know is doing 100% financing) who is probably in the same boat we were in back when we were buying our first home. They probably don't have closing cost money on hand. In this market, a full price offer is not normal. So, I think they made the full price offer so they could ask for more in closing. We are going to accept the offer as well as offer a one year home warranty. We are so excited to be able to accept their offer AND give them more.

We also found something we like. It is a 3 bedroom, 2 1/2 bath townhome. It has way more space then we have here. But it is definitely a townhome, which is a little hard to accept after living in a single family home. We drove by it really late tonight and we were happy with what we saw after dark. We actually looked at this townhome about 5 weeks ago, but dismissed it at the time because we were hoping to find something in the "coveted area." Last night we saw that it was still available and decided to take another look. About 6 weeks ago a deal fell through on this place just before closing, so the seller is desperate. They are asking $17000 below what it appraised at and they are also offering $5000 in closing cost assistance. Unless God tells us no before morning, we will write up on offer on it tomorrow.

So, that's where things stand. I'll let you know how it all ends up. Quite possibly we could be moving in a month. Wow!!