Wednesday, May 6, 2009

Step 1: Redone and Some Divine Intervention

We have signed another contract for the house. We will close no later than June 1st. But the buyers and ourselves have expressed interest in closing early if they can get the loan before then. We are packing up the truck the evening of May 20th.



I wanted to mention the help of the Lord in this matter. After the original buyers backed out, the realtor suggested we offer them less money to keep the contract. We prayed about it and felt like we definitely should not do that. Instead we dropped the price $5,000 and hired a legimate, well established house inspector. I got in touch with him last Thursday and scheduled him for this Monday. On Friday we got another offer. We decided to go through with the inspection before signing on the offer because we wanted to make sure that the buyers and ourselves knew exactly what is wrong with the house. We invited the buyers to come over at the end of the inspection to talk with the inspector. When they got here, it turned out that their realtor knows and works closely with the same inspector we had hired. So he probably would have inspected our house anyway. We left while they met with the inspector. The report was not too bad. Most of the things he found we had known about and disclosed. The buyers decided to keep their offer as is with no changes. Our realtor brought the papers over to us to sign today. This time, the people buying the house are getting a conventional loan. They have not asked us to pay any of the closing costs so while their offer price is $5,000 less than the last offer, we are only losing $700 more. If we had negotiated farther with the first people, we would have lost another $4,000 to $5,000. And it is very unlikely that these buyers will have any trouble with the loan since they have a 10% down payment and are pre- approved buyers. I really think this is it. We are very grateful and blessed to have the gift of the Holy Ghost and to have the help of the Lord in our lives.

1 comment:

Monika Pardon said...

that is awesome that you aren't loosing 4-5,000 more. Hopefully these people will get the loan and it will close soon. It will be a lot of burden off of you. Moving is stressful enough without a morgage to worry about.