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Made an offer! Now we wait...oh the stress

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  • Made an offer! Now we wait...oh the stress

    Decided to offer on the five acre place! Had this great strategy laid out, low ball because it's been on the market almost 300 days, yada yada yada and our realtor called the listing agent and she said, "I sold the house today." Had a couple go through who's agent couldn't make it down and they said they were absolutely going to buy it and to expect an offer that afternoon. Ugh. [Oh and I saw them--I did a drive-by over my lunch hour and saw the people looking at it. So I don't think she was making it up.]

    So much for my strategy. We submitted our offer late last night (I had to get preapproval arranged quick and all that good stuff) and I think we made a firm offer. The weakness is it is contingent on the sale of our house...

    So now we wait. We gave them 24 hours. *sigh*

    I will be relieved either way. Really.
    DIY Journey of Remodeling the Farmette: http://weownblackacre.blogspot.com/

  • #2
    Oh!!! I hate the waiting game. It's so nerve wracking. I hope it all works out for you guys though! BTW Where in the "upper midwest" are you located?

    Comment

    • Original Poster

      #3
      Sioux Falls. I used to live in the Twin Cities though (not sure where in MN you are).
      DIY Journey of Remodeling the Farmette: http://weownblackacre.blogspot.com/

      Comment


      • #4
        Fingers crossed for you!

        Comment


        • #5
          I am from Rochester but am currently living in the Duluth area.

          Comment


          • #6
            Good Luck!!

            LBR
            I reject your reality, and substitute my own- Adam Savage

            R.I.P Ron Smith, you'll be greatly missed

            Comment

            • Original Poster

              #7
              Originally posted by SilvyFilly View Post
              I am from Rochester but am currently living in the Duluth area.
              Oooh North! I went to a really fun bachelorette party in Duluth once (well I guess the wedding was there too). It was all on a lake. Good times!
              DIY Journey of Remodeling the Farmette: http://weownblackacre.blogspot.com/

              Comment


              • #8
                All digits crossed!
                Both for your offer to be accepted & for your place to sell ASAP!

                BTW - I'm impressed anyone accepted a contingency clause in this market.
                *friend of bar.ka*RIP all my lovely boys, gone too soon:
                Steppin' Out 1988-2004
                Hey Vern! 1982-2009, Cash's Bay Threat 1994-2009
                Sam(Jaybee Altair) 1994-2015

                Comment


                • #9
                  My fingers are crossed! How many acres?
                  .

                  Comment


                  • #10
                    Ugh! I totally feel your pain! We put in an offer on a 10 acre farm a month ago and our offer was accepted IF (giant IF) we sell our suburban house by the end of July! I am going nuts waiting for someone to even come SEE the house let alone buy it. Just not fair....

                    Comment

                    • Original Poster

                      #11
                      They didn't! Accept a contingency clause that is. They accepted a different offer from a buyer who could close immediately.

                      Oh well.

                      The thing is, I can't just sell my house to go acreage shopping. I have two huge dogs and two cats and there are no rentals that allow two big dobermans that I'm aware of. Pluse it can take years to find the right place.
                      DIY Journey of Remodeling the Farmette: http://weownblackacre.blogspot.com/

                      Comment


                      • #12
                        Well you know I think its very unfortunate that it didn't work out, but maybe it just was not the right time yet. You will find something out there that will work out perfectly for you. Keep looking!

                        Comment


                        • #13
                          So sorry. It sucks to get your hopes up and then nothing. The next one will be even better, I bet!

                          Comment

                          • Original Poster

                            #14
                            Thank you guys! I know it is lame, but I'm having a bit of a pitty party today.

                            I have to remember houses are like horses, there is always another one...
                            DIY Journey of Remodeling the Farmette: http://weownblackacre.blogspot.com/

                            Comment


                            • #15
                              When I went farm shopping I missed one that looked really promising. I just figured if it was meant to be great and if not, well.....

                              Yep it sucks but keep saving your $ and you'll find the right place, honest.
                              Sue

                              I'm not saying let's go kill all the stupid people...I'm just saying let's remove all the warning labels and let the problem sort itself out.

                              Comment


                              • #16
                                My daughter missed out on a nice house 2 years ago. It took her another 1 1/2 years to find another house that she was interested in. That seller accepted her bid after some brief negotiations. A month later, she had her house and was moved in. The first house was nice, but one she bought is so, so, much nicer.

                                Sometimes things happen for a reason. Keep saving your money and keep looking. This is a great time to buy, if you find the right house.

                                Comment


                                • #17
                                  I'm sorry Hopefully you will find a great place soon
                                  .

                                  Comment


                                  • #18
                                    Good luck.

                                    Comment


                                    • #19
                                      Mm. I would put your house up for sale. Keep looking, and when your house sells, have something ready to go for yourself. Truly, there is probably no way you can't find a place if your house sells and there is no way you will sell your house just because you found a place.

                                      I would be very surprised if you couldn't find a large property to rent for 6 nmonths if your house sold. Many many places just aren't selling and getting 6 monts of income would be a blessing to many people.

                                      Put your house up for sale and sell it. You will find something to sort yourself out temporarily if need be, but i bet you will have your pick of places if your place has sold.
                                      Airborne? Oh. Yes, he can take a joke. Once. After that, the joke's on you.

                                      Comment


                                      • #20
                                        Originally posted by TrotTrotPumpkn View Post
                                        Decided to offer on the five acre place! Had this great strategy laid out, low ball because it's been on the market almost 300 days, yada yada yada and our realtor called the listing agent and she said, "I sold the house today." Had a couple go through who's agent couldn't make it down and they said they were absolutely going to buy it and to expect an offer that afternoon. Ugh. [Oh and I saw them--I did a drive-by over my lunch hour and saw the people looking at it. So I don't think she was making it up.]

                                        So much for my strategy. We submitted our offer late last night (I had to get preapproval arranged quick and all that good stuff) and I think we made a firm offer. The weakness is it is contingent on the sale of our house...

                                        So now we wait. We gave them 24 hours. *sigh*

                                        I will be relieved either way. Really.
                                        There is no way a contingency to sell would ever pass muster in any case. If it ever came to that, you would most likely get a timeframe in which to sell. In our market area that would be laughed at, of course the real estate agent might indulge you a bit, but reality is, people are selling their houses because they need to sell. Very rarely is someone in good enough shape financially that they can wait for what could turn out to be a year or even years in some cases that I have seen.
                                        "We, too, will be remembered not for victories or defeats in battle or in politics, but for our contribution to the human spirit." JFK

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