July 15, 2009 - Househunting

First of all, we have been looking for a house for several months now. It started when we found a house up for auction (though we didn't know that). Anyway, we have looked at several, found many we like, and even place an offer on a couple.

The most recent is a house on Jan Avenue in Kankakee/Aroma Park. It is a foreclosure; 3 bedroom; 1-3/4 bathroom; 2-car garage; pool-in-the-backyard house. It will need new flooring throughout, ad the bathrooms will need some updating. However, we really like it. Anyway, we went for a second walkthrough last Friday. When our realtor showed us the house last week, he mentioned in passing that the listing was expired. Didn't think anything about it at the time. We met Tim (our realtor) on Saturday, had to fill out "their" contract. He said he would let us know if there were any major difference between theirs and his. He called on Monday: there was one MAJOR difference. Their contract did NOT allow us to back out of the contract based on the results of a home inspection. We decided to send his contract (that would include that option), and hope the bank would accept that.

He called the listing agent yesterday, she had already sent the contract...no problems.

However, today Tim called again. ANOTHER SNAFOO! We found out what "expired listing" meant. Come to find out, the listing agent was bumped off this listing because of inability to sell the house. Therefore, the bank had NOT received the offer. Without giving an enormous amount of useless information, we are now hoping that Tim will be able to work with the bank themselves. The worst case scenario is we will have to wait until the property is reassigned to another agent and then make an offer through them. UGH! Please pray. We really like this house, we think we can get it in our price range, and we are ready to vacate apartment living. We are trusting God, though, and His timing!