Today and yesterday were such a whirlwind of activity. The rest of the week will be as well.
On Friday, we put the bid in. We offered 100K less than the asking price. The sellers countered with 25K less than the asking price, said it was their final offer, and the property would be as-is.
Our final numbers indicate that we can go up another 25K -- and then that is it. As much as I am looking forward to buying, having a place of our own and being on the road to wealth, I want to make sure that it is the road to wealth and pay the right price.
My gut instinct, with this being our first deal and all, is that these sellers really want to sell because they want to move to FL and want to be liquid. It also seems that there are no other serious buyers on the horizon and we have indicated that we are serious by submitting our pre-qual mortgage documentation.
So, I am praying, that when we offer our next counter bid at some point this week (after we verify a few more numbers) they accept it.
As a side note, we will not be buying anything "as-is". If the walls need to be painted, fine. But if there is a termite infestation that is a different story.
I never got such a rush as when I negotiated to buy my car (Daisy Mox) after graduating from college and I feel very similar now. I identified so much with Trump in his book "The Art of the Deal" -- to paraphrase him, I get my kicks out of negotiating. The hair is a different story.
So -- that is where we are. I feel so tired, but so fulfilled. I am loving taking my classes over the summer, and I am so excited to move to New Haven to start a new chapter in our lives.
Please keep us in your thoughts over the next few days as we tie this one up!
Monday, June 9, 2008
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1 comment:
You're doing the right thing. Some sellers try to hide behind the "as is" stipulation but it's bad news for a buyer. Especially someone new to the game.
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