Wednesday, August 13, 2008

Waiting for the phone to ring...

We were pre-approved for a mortgage yesterday morning, so DH and I met our realtor at house #3 last night and spent 3 hours during a thorough walk through. We made our offer early this evening, but it's pretty low.

The house has been on the market for over a year, and it will need quite a bit of work. We don't expect the sellers to accept our offer at this price but we're hoping they'll at last come further down. We're willing to negotiate, but not willing to pay full price. There is some major stuff (heating, electrical and plumbing) that needs updating/re-doing. We're not afraid to do it, but we want to make sure we're not paying too much for a house that needs all of that.

I thought for sure we'd hear from our realtor right away with a "no way" but no word so far and it's getting rather late here. They have until 12pm on Friday to respond to the offer. Keep your fingers crossed for us.

4 comments:

Psychgrad said...

Good luck with the offer. The waiting is pretty stressful, but maybe a delayed response is a good thing. I'm sure, after a year, they don't want to lose any viable offers.

Mamabeek said...

Gah... I HATE waiting! I hope you get a call eventually and I hope it's what you want to hear.

B said...

Good luck! I hope you get it!

Psych Post Doc said...

Thanks everyone, going to update now.