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Journal FortKnox's Journal: Bid Countered! 10

Journal by FortKnox
Looks like they countered my bid.
They accepted everything (we are doing the 'AmeriDream' program), just wanted a bit more money.
And, upon verbal agreement, they will not accept any more bids.

Looks like I'm just a step away from being a homeowner :-)

(That last step is the inspector)
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Bid Countered! More

Bid Countered!

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  • Good luck with the step.

    And one of those annoying comments that you see every so often:

    I initially read the title as "Bit Countered!" and was trying to apply a past tense to counter (noun [2]).
  • Good luck with the inspecter, and grats. :)

  • I made my initial offer contingent on the house inspection and my mortgage lender agreeing to finance the loan for the house. My lender sent out their own appraiser as well. This is a good test to see if the house is worth near what the seller has it on the market for.

    You are using your own inspector, right?

    • Yeah. He's expensive, but well known and respected. They say he hasn't missed anything in an inspection, and his company also brings out a termite inspector for free.
    • I did the same- contingent on termite, my home inspector (who taught me all about houses as we went through), and mortage inspector.

      However, my lender's "inspector" really isn't much of an inspector/appraiser, I think they just ask the town/county what the assessed rates are in that area (which for me updates every three years.)
  • When my parents tried to purchase a new house three years ago, there was a verbal agreement to accept no bids. But, they immediately ignored this the next time someone came along with a better offer. On top of all that, it didn't happen just once, it happened 3 times. Move as quickly as you can to get the contract signed without threatening your own stability.
    • I thought you were leaving slashdot?

      Anyway, you are correct that FK should get a sales contract on a piece of paper ASAP. Courts don't mind verbal agreements when you are buying someone's used car. Spending $150k on a house (?) is another story entirely.

      FK, what is the 'AmeriDream' program? Some Fannie Mae thing? And the fun really begins now. Tons of rushing around to get papers from party A to party B. Trying to decide if you agree on the inspection (go with the inspector, and take a friend who knows co
  • Comment removed based on user account deletion

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