Well, such a time we have had. It started out Monday, which our realtor had told us was the last day our buyers could make changes to our contract. I had a friend over helping me pack (thanks so much to my dear friend), and I was on pins and needles all day obsessively checking my email.
When no word came in by 5 PM, I shot an email off to our realtor about it and my husband and I went out to Amy’s for ice cream to celebrate. Too soon, as it turned out, for when I came home, I had an email from my realtor that said “Tomorrow at 5. Sorry.” He tends to be succinct.
So, on Tuesday, we had a message at 9 AM saying that “an amendment will be coming shortly.” We waited all day until almost 4 PM only to find out that our buyers wanted us to come down on our price by $80K! They had five inspectors come out over the past 10 days, and the buyer’s agent said that the house was in horrible shape and that everyone who had looked at it had said to tear it down. But they can’t tear it down, because it sits right on the creek, which is no longer allowed by the city. If they want to tear it down, they have to move it back from the creek.
Now, we have been living in it comfortably (or, we would have been comfortable if my husband wasn’t a hoarder) for more than 20 years. A few minor things need repair, but I couldn’t imagine it was in that bad of shape. But on the other hand, we had moved pretty far past being able to rapidly put it on the market. Our agent offered to come over and take pictures and get it up on multiple listings by today, and that would have been possible until two days ago, but the past few days we had amassed lots of boxes that haven’t gone out into the pod yet, and we had not had the cleaners come out this week because of the chaos.
My husband was all for accepting their offer, but he has wanted to take every offer they’ve made. I talked it over with our agent, and we decided to offer a $20K reduction. My husband panicked after we decided this and called the agent back to ask him to accept the offer, but luckily, he had already told them our price.
Luckily, because they came back almost immediately splitting the difference, which means that we still made more than their original offer. We accepted that, and we’re still closing on Friday, cash. The main reason I decided to accept it is we would have had to disclose anything the inspections found, which might make it hard to make a higher selling price. We had already decided to move anyway, but we would have moved out to Washington not knowing how long it would take to sell our house, which would have had us being very short until that money came in. Overall, I feel okay about how things worked out, if a little roughed up. And, of course, I would have liked to have the extra money.
On to our next challenges!