No Go on the House

[kathygnome]

It's a no go on the house. They won't accept an offer with a contingency on the sale of our house.

Comments

[ancarett]

That sucks. When we were buying this house, they accepted the offer contingent on the sale of ours but with the caveat that they could entertain another offer until we had sold ours (which we did w/in 24 hours of listing because we priced well, knowing what our other offer was).

[kathygnome.livejournal.com]

Apparently foreclosures tend to be very inflexible and this one is. The reason we found out so quickly is a friend at work recommended a realtor and by chance they had submitted two bids a bit below asking last month both of which were rejected with the only response being a one line counter offer of the asking price. So he had the offering agents number and had a suspicion it might be inflexible.

One possibility is putting our house up and when we get a contract, seeing if they're more interested in doing some kind of a deal then.

And I really think it will be hard for them to find someone to jump through the hoops of 1) making it a primary residence, 2) putting in $30k of repairs, and 3) not getting that $30k out of the sale of another home.