Post # 1
We’ve been in the housing process for about two months now. We put in an offer on a short sale and then found a REO property that we loved as well. We put in an offer on the REO property since we knew it was a competition and we’d hear back soon. We ended up losing it and have been waiting on the bank for our short sale now for a while. I found out today through the records that the REO house closed today (the closing date we listed) and only went for $2,000 more than what we offered. I can’t help but feel incredibly disappointed that it was so little separating the offers and that we would have been moving in probably next week.
I know it’s dumb to be disappointed (and I know part of it is the pregnancy hormones making it worse). I also know that we worked out monthly payments and decided on the price we did that way but it still seems like so little to lose the house over. And I know that once we move into our house (which will hopefully be the short sale) that it won’t matter as much. And the short sale offer we have in is $25,000 less (in a small price range) than what the REO sold for (although the taxes are slightly higher). It just sucks for right now, especially knowing we could be moving in now instead of when I’m getting closer to my due date.
I just needed to vent because it’s incredibly frustrating to find that out while we’re still waiting on any kind of response.
Post # 3
Boo…I’m sorry you lost the REO property. We were in a very similar bidding war for our house. It’s such an emotional process even when you’re NOT pregnant, so I don’t blame you for being frustrated. Hopefully the short sale (so dumb that they call them that…they’re anything but short) will go in your favor and you’ll have an amazing house soon!
Post # 4
@2PeasinaPod: Thanks, hopefully it’ll pick up the pace soon since the bank has ordered (and probably has) their BPO appraisal and they have had a negotiator working on it for at least a week or so. Just right now it sucks knowing that the other house sold for barely above what we offered and has closed while we’re still in the rental.
Post # 5
- Wedding: October 2011 - Bed & Breakfast
Just keep reminding yourself that good things come to those who wait and that everything will work out for you in the end. I know it sucks, and pregnancy hormones definitely make it more difficult to deal with emotions, but it’s gonna be just fine.
We’re also waiting on third party approval for the house we are under contract on, so I have to give myself a little pep talk each day. It may sound silly, but my little mantra helps me.
Post # 6
I’m so sorry. Darling Husband and I bid on 4 houses (asking price or more) before we found our house. I cried after losing our first house and then each time I felt a little more numb. You will find your home, I promise.
Post # 7
My husband actually wasn’t as upset. He said that it happened for a reason and that the house we’re waiting on the bank for is probably much better for us. I made a list yesterday of everything that’s better about the house we’re waiting on which made me feel a lot better. I just wish we would hear something back soon.
Post # 8
I’m sorry. I know how hard it is not to get a house that you have your heart set on. 🙁
I was bummed when we didn’t get our dream home. Darling Husband decided to cheer me up by going to look at another house that had just come on the market. I didn’t feel like going, but Darling Husband persuaded me. Little did we know that this was the house we live in now, and we love it!
I hope your short sale comes through or that you find something even better!
Post # 9
I’m really sorry to hear that. It’s kind of like breaking up with your first love, isn’t it? When we lost our first home the day before closing, I was so devestated. I actually broke down in tears at work and had to go home. Now I feel like if it happened again I’d be better prepared for it.
At the time my brother said to me “Everything happens for a reason” and he was right. Just like him, I lost my first place and ended up somewhere way better and more affordable. Interest rates and sale prices plunged since we were in our first contract and there was a ton more inventory so we actually ended up in a much better location. It’s hard to see the light at the end of the tunnel while you’re treading water, but do your best to hang in there and keep your head up!
Post # 10
I feel disappointed with our house search too. Last Sunday, we looked at our dream house. It had only been on the market for 3 days – and we were going back on Monday to look at it with my father-in-law who works in construction to have him give us an idea of the condition before we go any farther. RIGHT before we were going to put an offer in – realtor got a call that the sellers had accepted a CASH OFFER on this house – and it was a short sale so we were prepared for the long haul – such a sadness came over us.
We are even more frustrated because our house caught fire last month so we are currently living with my parents sleeping on a full size bed in my old bedroom. Going from having your own place and room to roam and moving back in with mom and dad = bummer. We are grateful for a roof over our head and to be alive – but geesh – this SUCKS!
Good luck 🙂