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Debt Reduction & Money Management Discussions on debt reduction, credit cards, consolidation, debt free living, and money. Snowballing debt, paying yourself first, and money management.

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Old 02-27-2003, 07:32 PM   #1 (permalink)
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Default for sale by owner is not looking good for us!!

The contract that we put in and was accept is a for sale by owner. Here is the situation....I found this house and the man told me that if we put in a clean contract for 119k then he would pay our agent fees (we have a buyer broker agreement). Well, today this guy took the ratified contract to my agents office and asked where he got his comps from. He said he guess at the price and that is what he decided to sell it for!!! Can you believe that? Well, the house beside it only appraised for $119,000 and it's 3 bedroom/2 bath and has a garage. Ours is only 2bedroom/1 bath and no garage. And we are waiting on a VA appraisal. So my agent asked him if he would come down on the price (which he should) if the appraisal doesn't come in for $119,000. He said that he knows someone who will give him 115k right now for it. My agent told him that is beside the point now since we have a ratified contract. So he said he would worry about that when the time came.

Things are looking to hot for us and I'm a little worried!! Please keep us in your thoughts and prayers...I know I ask that a lot but I would really appreciate it and I'm hoping that only good things happen for us. Thanks!!
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Old 02-27-2003, 07:36 PM   #2 (permalink)
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That really stinks!! I hope it all works out for you...
Keep us posted...

Eileen
p.s. if it does't work out that emas it just isn't the "right" one and that right one is out there, even though it gets really frustrating.....
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Old 02-27-2003, 07:51 PM   #3 (permalink)
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I agree with Eileen, if it isn't the right one it will come alone. good luck, good thoughts and prays are coming your way.
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Old 02-27-2003, 08:02 PM   #4 (permalink)
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Sending good thoughts your way, Daphne and Malcom.
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Old 02-27-2003, 08:53 PM   #5 (permalink)
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Daphne, I know it seems like it takes forever but, trust me, when the right one comes along you'll get it without even trying! That's what happened to us. We bought a home that appraised for $145,000.00 for $99,200.00 And it's a 4 bedroom 2 1/2 bath on 1 acre. Hon, it'll come and when it does, you'll be so relieved.
Prayers and Wishes for sucess coming your way.

Oh did you get the package yet? I do hope you enjoy it. (I bought two of them so I could have one too) lol
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Old 02-27-2003, 08:54 PM   #6 (permalink)
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This whole buying of houses is like a cruel dance at times. Hang in there Daphne & think positive thoughts. It all works out somehow. This process is definately not painless but worth it all in the end.
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Old 02-28-2003, 12:45 AM   #7 (permalink)
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It's a real headache, however you buy it. Hang in there though. Homeownership is sooooo worth it.
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Old 02-28-2003, 12:49 AM   #8 (permalink)
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I agree, it's worth the aggravation !

BTW....... You do not ask alot ! You are in our thoughts even when you don't ask !
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Old 02-28-2003, 09:30 AM   #9 (permalink)
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Thanks ladies....I know it will all be worth in and I'm so thankful that Malcom's platoon let him stay here until next week (he was going to leave tomorrow) to help out with this!! I have always been the type of person that feels things happen for a reason so I know we will get it if it's meant to be. It just can be a true headache sometimes but today I'm feeling better. Tomorrow morning Malcom is going for the home inspection at 9 - I can't go because of school tomorrow morning. After the home inspection we will order the VA appraisal. So we will see.

Ellise...I haven't gotten a package yet but I will let you know as soon as it gets here!

Thank you again everyone for being so supportive. I feel bad that I haven't been participating as much here because of being so busy but I'm asking all of this from you. You guys are great friends!!
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Old 02-28-2003, 02:14 PM   #10 (permalink)
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{Hugs} Dahpne! I will keep you in my thoughts!
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Old 02-28-2003, 07:33 PM   #11 (permalink)
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Daphne, sending and only good thoughts your way!!
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