But, unlike the previous four offers, I’m actually confident that we’ll be able to get this one closed. The buyer submitted the offer this morning, and gave us a deadline of about two hours to accept it or counter-offer (obviously they are anxious).
It was a very good offer, but they wanted a good bit of our staging furniture as well. Unfortunately, some of that stuff is irreplaceable, as my wife found some perfect pieces of furniture on Craigslist that she hasn’t been able to find anywhere else. So, we counter-offered with all the same financial terms, but taking out about half of the furniture that they had requested. They quickly agreed to the counter-offer, and we now have a binding contract.
The best part of this offer is that the buyers are not FHA. While it doesn’t matter from a timing perspective (we’re well past 90 days that we’ve owned the property), their conventional loan can close much more quickly and will only require a single appraisal. Plus, the buyers are allowed to select their own appraiser (and have asked our recommendation), so we shouldn’t have to worry about any appraisal issues.
The buyers have 5 days to do their inspections, and want to close on September 30 — two weeks from today. I don’t think we could have asked for anything more than that…
Btw, that now makes four properties we have under contract and scheduled to close in the next three weeks…if all four close on schedule, we will officially be out of properties to work on, other than The Poor House, which we officially purchase next week…I guess that’s a good problem to have… 🙂