So you know how a little while back I mad mentioned that we had not only found a house but also had our offer accepted? Well, things have kind of gone down the crapper since then …
One of the subjects of our offer was that we had to sell our home before we could close the deal. We had about a month to do so, and we figured we wouldn’t have a problem selling since the market is hot in Kamloops. We listed the day after our offer was accepted and in the first week we had just over a dozen showings. In two weeks, we had about 20 showings but no offers. Zero. Zip. Nada. Not even 2nd lookers. Our hopes were dwindling, but we still had two more weeks to attract a buyer.
Then, we get word from our realtor that the owners of the house we “bought” received another offer but had not yet accepted it. We removed as many subjects as we could, but unfortunately, it just wasn’t enough to let our offer stand. The owners accepted the other deal, and we lost out. Again.
This isn’t the first time our offer on a house has been declined because of the “contingency” clause of selling our house first. There was another house that we fell in love with and even offered MORE than the asking price, but the seller was nervous about that clause and opted for a different offer.
It’s frustrating, to say the least. We’ve thought about just putting our place up for sale to rid ourselves of needing that contingency, but we don’t want to end up homeless, so to speak. What if we sell our place but there’s nothing out there that appeals to us? We don’t want to settle on a new house because we’re forced to move. Renting for a short period of time isn’t feasible with two big dogs and two kids, nor is staying with family. We have a set list of things we need/want in a house, so settling isn’t really an option.
For now, we’ve decided to stay put. We pulled our house off the market and will wait things out. No more aggressive house-hunting, no more offers, no more showings. Unless an absolute home run of a home comes up for sale, we’re tired of the search. It’s depressing and feels like a game we can’t win, at least not right now.
We’re not moving anymore, we’re just moving on.
2 thoughts on “Moving (On)”
Oh that sucks, I’m sorry to hear that!! If you did keep your house listed and had an offer on it could you negotiate a possession date that is 2+ months away so you would have time to find a different house?? Hope all your cards fall into place soon and you’re able to find the right house AND sell your house!!
Aw, that stinks! We’re still having a hard time with our condo – our listing ends this week and we’re not sure if we’re going to re-list or not. Our realtor wants us to lower the price even more, so we’ll probably just stay here for another 6 months or so, pay down the mortgage as much as we can, and try again in the new year. I hope everything works out for you guys!!