Friday, June 29, 2012

Accepted Offer on House

What a relief.  Finally, after 2 open houses and 3 accepted offers, we finally sold the house.  It's official.  The certified bank draft came in today.  The house sold for $842,500.

It's unfortunate what happened to our 1st offer, where the appraiser Sean Dukes messed up his information while doing our assessment (appraised much less than the house was worth).  By the time he corrected our house appraisal, the buyers had walked away from the deal.

As for the 2nd offer, the house inspector scared the buyers off by informing that the house has some settling.  Of course, this is a 29-year old house and there is bound to be some house settling.  It is normal and doesn't affect the safety of the house.  Nevertheless, the buyers decided that it wasn't worth the accepted offer price and walked.

Finally, the 3rd offer is actually from the same people as the 2nd offer.  They decided they still wanted to buy the house but at a considerably lower price.  Seeing how the housing market is doing, the inlaws wanted to sell the house regardless of the price, so we took the no-subjects offer.
What a relief.  Now we can concentrate on unpacking and decorating our new home.

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