House is Under Contract In Less Than 24 Hours!

OMG, what a whirlwind! We just put our house on the market yesterday and we already have a full-price contract on it. How did that just happen?

Our house went to contract in less than 24 hours.

It certainly helps to hire the right Realtor. We used the same guy, Keith, that helped us buy this house in 2011, and now he has a partner, Blake, who works with him and primarily concentrates on buyers. They both disclosed that they were dual agents working for both buyers and sellers, and so we were fully aware of that situation.

It just happened that Blake was working with a buyer who was actively searching for a house in our size and price range, and who had just recently had a deal fall through when the house he was trying to buy did not appraise high enough. When our listing hit the MLS database around 5:30 or 6:00 PM yesterday, this buyer contacted Blake (who was working out at the gym) and asked for an immediate showing. We were contacted and told we had about 15 minutes to get out of the house, so Andy had to stop cooking dinner and we vacated the premises. We wound up doing some grocery shopping while we waited for the all-clear.

After what seemed like a short time, we got a text from Keith telling us we could go home, and so we thought that nothing would come of it since the guy wasn’t in the house that long. But as we were pulling in the driveway, Keith called and said he had an offer to present to us.

The offer was OK, at about 94% of our asking price, but the buyer also wanted us to pay for all of his closing costs, up to $5000. Since we had just gone on the market, we certainly weren’t going to allow ourselves to be low-balled. Since our Realtors are representing both the buyers and us, they really couldn’t advise us as much as they normally would, since they had to remain neutral in the negotiations. We were pretty much on our own in that regard.

So we countered.

Then the buyer countered.

Then we countered.

Then he accepted!!

So now, suddenly we have a contract for the sale of our house. The buyer is pre-approved, and due to his having tried to purchase another house recently, a lot of his paperwork was already in place. He was asking for a 30-day close, but Andy managed to negotiate a little more time since all this happened much faster than expected and we still have a lot to do to divest of our belongings.

Right now we’re shooting to close on or before August 29.

The big unknowns are the inspections and appraisal, since the buyer is using a VA loan, and that can sometimes result in a lot of nit-picky dings on the inspection report. We have confidence that we’ll get through it, though.

It’s so funny, we basically had the house sold before we even had the For Sale sign in the yard (it was placed there this morning).

It will be nice to not have to worry about having our lives disrupted with a lot of showings. Our lives are going to be disrupted enough as we rush to get rid of almost all our worldly possessions and get moved into our RV, Lizzy. We have to sell my beloved Prius, and Andy is trying to figure out how to re-home all of the artwork painted by his Mom that we have on our walls as well as stored in the workshop.

I have six more workdays before I’m officially retired, and that includes being out of town one night next week. Right now my job seems like a huge bother, even though it’s an income source–it’s just standing in the way of my being able to do what I really want to do, which is get things ready to move into Lizzy.

Things are about to get really crazy around here, and fast. Hang on!!

 

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