The first offer I got was from a nice lady with two kids. It was for $15, 000 under the asking price and she needed me to pay 3.5% closing costs and wanted to close in 4 weeks. Too little, too much, too soon.
The second offer was from a young couple with a baby. It was $10,000 under the asking price and they needed 3% closing costs and wanted to close in 5 weeks. Better, but still too little for the house, too much for closing, and too soon to get out of here.
Enter offer #3...
$1,100 OVER asking price, no closing costs needed, and closing in 6 weeks. BINGO! I told you God's blessings sometimes make me dizzy. How overwhelming is this? Wow. And the really great thing is that it's a family that will fit nicely into the neighborhood. The dad is a Navy veteran and there are other Navy vets just up the street.
I sign papers tomorrow. Now all that needs to happen is that the bank accepts my offer on the townhome I want. If they do, it means I will save approx. $300 a month on mortgage and probably about $30 to $50 a month on utilities. With that, I can save more for kiddo's college, sponsor another school-kid in Haiti, and maybe sock some away for a downpayment on a vehicle with better gas mileage.
Thanks for all your prayers and well-wishes, it has been an interesting roller coaster ride!