We got an offer on the house yesterday. It's a strange offer, and is bringing things I didn't expect. First, the good thing, is that it's for our asking price. But, it's got these various contingencies attached.

Right now, we mainly have one sticking point. It's that we want them to apply for a mortgage now, and they want to wait until they have a contract on their house. We prefer to not wait, since we want to be sure that a bank says they will lend them the money... essentially that yes, they can afford to buy the house. The only thing we have is a pre-approval thing. Those things really aren't worth much, since I could likely get a pre-approval for $1,000,000 in about 5 minutes off the internet. But, no bank would loan me that amount.

The other things I think we can get around. The only main thing is that they have a certain amount of time to get a contract on their house, or we null the deal and I keep their deposit. That seems like it would be ok. So, just the mortgage stuff. My agent called their lender, and the lender says the people will have no problem getting the loan, and there is no reason why they can't just apply now. That's good to hear, but it isn't something on paper. Then again, even if it's on paper and one of them loses their job, the bank can not give them the money (same with anyone). Aaargh!

I almost wish we were haggling about money. This would be much easier. I met these people, since they came twice on Sunday, and one time they were early so I hung out talking. I'd like for them to have the house. They seem like a good addition to the neighborhood. But, how much trust and bending can I do? I almost feel like I'm bending over for them, hoping they have some KY. I am agreeing to a much lower deposit than I'd like. I'm agreeing to another thing or two I really don't want to.

Well, it should play out today. My agent will call me back in an hour and see if she heard anything new. Then, we'll just officially put in our counter, and see if they accept it. We really want them to apply for their mortgage. We want to see on paper that they will get the loan, and I don't think that's too much to ask for. Of course, they are offering full asking price, which is great. So, if I have some trust (faith?) that it'll all work out, I can go with it. But, I really don't trust people when it comes to money.. so that would be a pretty big leap of faith for me.

This sucks. I really wish they waited to offer, or we were just going back and forth on sale price.