{ open bidding: dissapointment & hope }
Our realtor, Alice, finally got an update on the house from the bank last night.
There was so much interest in the house, that the bank has decided switch to an open bidding system. They’ll collect all offers until 5:00 today, and the highest bidder gets the house. So we need to put in a new, higher bid.
We thought they would take the first bid that met their asking price (which ours did), but I guess the bank realized what a good deal it was, and figured out they could get more for it. It’s a bummer. We are almost postitive that ours was the first offer in and we were willing to pay what was asked, so I feel like the house should be ours.
Buying a foreclosed home seems so much more complicated than buying a regular home.
Now we have to figure out how much we feel comfortable bidding and how much other people will bid so that we can beat them, but not by too much.
Honestly, my heart sunk when Funnel told me the news. In my head, the house was “our house” and now there’s a good chance it won’t be.
We’re praying for wisdom in deciding a bid we are comfortable with, and for God’s will to be done in this situation, whether it means we get it or not.
April 7th, 2009 at 5:55 am
We were afraid the same thing was going to happen to our house. We offered their asking price after the house had been on the market for only 2 days. Just bid what you guys are comfortable with, if it’s meant to be it will be.
Good luck!
April 7th, 2009 at 6:05 am
Yeah…think about the extra expenses that will go into fixing the house up, and make sure you keep that in mind as you consider increasing your bid. But I understand your feeling about how it was “our house’ in your mind.
April 7th, 2009 at 8:26 pm
Awwww Jen, I hope that it all works out, and we will be praying for you guys. All of this house buying business is soooo stressful!
Thinking of you guys,
April 8th, 2009 at 10:14 am
The most important thing you ever taught me as a friend was to ask “why?” I remember stumbling on weird coincidences with you. I’d say “what was that?” your response was always “why was that?”
There’s a plan in the chaos.