We bought a new house!
Well, everything’s still verbal at this point. We offered, they counter-offered, we countered their counter and they’ve accepted. Our agent is still waiting for the paperwork from the selling agent.
The bidding went like this:
We offer at 92.6% of list price. They counter-offered back at 97.7%. We counter-countered at 94.7% and they’ve accepted. We’re just waiting for paperwork. Anna will accompany our realtor and home inspector next week at the new home.
Timelines are tight, stress is high, moving is a major pain-in-the-a$$ but we’re super happy we got the place. It really shows well and we’re pretty sure the owners took care of the place.
[UPDATE 10/17/2008]: I just stopped by our realtor’s office with the certified cheque for our deposit. Anna and I have signed the addendum to remove subjects after the satisfactory home inspection, mortgage application, and title search. The deal is firm! Just waiting for lawyers to complete the transactions.
[UPDATE 10/22/2008]: We just stopped by our lawyer’s office to sign papers. Wow! That law office is like a well-oiled machine. They had all paperworks ready (in triplicate!) for our signatures. The lawyer split our session into 2 parts: a) the sale of our old home and b) the purchase of our new home. He described every single document we were signing and believe me, there were many. With such tight timelines, I’m hoping everything goes through OK. Fingers are crossed.
