07_Putting Fourth Offer (On The Same House)

On May 31^st we saw on Zillow that the Fenwick house was back on the market; and even better, the price was going down to $75K! We contacted Kristin, and she told us that actually the realtor reached her after we withdrew. He asked whether we were still interested because all other potential buyers also withdrew. We didn’t waste any time, we put another offer as of the asking price. We were so optimistic that this time, it was going to work. If the realtor had pursued us, this means he wanted to close the deal a.s.a.p., right?

Apartment Leasing

Realizing that our house hunting was not over, we looked for a cheaper place to stay. Again, we relied on Zillow for it. We found a fully furnished 1-bedroom apartment in Kings Pointe for $1.6K/month. However, the minimum period of leasing was 3 months. This might be too long for us, but we would never know. We might need some time for house renovation. Beside, the price was lower than the Residence Inn by half, so it was a good deal for now.

The living and dining rooms in Kings Pointe.

The bedroom.

The kitchen.

The bath and laundry rooms.

Overlong Closing Date

We didn’t hear any news about the house until the next two days! In between, we saw a new listing at Greyfield Rd., Cottonade for $80K. We looked at it, but this house even had more problems on water damage. In addition, it also had an oil tank; so we skipped.

We discussed with Kristin about the Fenwick house situation. She said that the realtor wanted to wait until June 23^rd for closing the deal. We didn’t like the idea. June 23^rd was too long to wait and we still had to renovate the house before we could move in, which might take 8-10 weeks. On the other hand, we had limited time of our apartment leasing and storage; extending these periods would add unnecessary cost. This was just not feasible for us. However, the Fenwick house was budget-friendly for us. We decided to put an ‘ultimatum’ for it. We gave them time until June 5^th to accept our offer, or we would withdraw. As it had been expected, they rejected our offer.