Thursday, November 26, 2009

Happy Thanksgiving!

Sorry to be so quiet here lately, we've been bogged down in negotiations on a house purchase. We've been going back & forth with the seller for a week & a half. We almost walked away from the deal twice now but submitted our "final, final, did we mention- final?" offer yesterday at the same price as our 2 most recent counters. Ugh, what a pain! The seller has been stuck on the price the home was appraised at back in August. We told them that we were not bidding on what it was worth last summer but rather where we feel the market is heading in the near future. If the seller truly believes that they can find another buyer willing to pay a higher price than us, by all means tell us no. But the home has been on the market for 45 days already so I really don't think they've got folks beating down their door. They need to sell the home more than we need to buy it (it's an estate sale). We're not trying to take advantage of the situation, we just don't want to overpay given the very real risk of a further market decline. But enough real estate venting!

Hope you all are enjoying a nice holiday!


Jayne Tingay said...

Happy thanks giving to you !

Barbara Frank said...

Good luck with your real estate venture! Prices are dropping quickly now where we are, so we're going to hold off a while longer on buying something. But our family's shrinking, not growing like yours. How well I remember those days, though! :)