We Got It! (For Now)

So here's an update on the house...

We put in an offer on a different house last week and found out yesterday that it went to someone else.  What a bummer!  But, I'm getting used to the rejection part of buying a house.  So I went home to have a fun night with my honey.  BBQ and a movie - there's nothing better!

At about 6:30 I got a phone call from our realtor that our offer on the short sale (the first house we made an offer on) was accepted by the bank.  What an emotional u-turn to make.  I was still bummed about the other house, but when I got the good news, I was so excited!  We are not in escrow yet - although the listing agent would love to do that - we should be sometime next week.  Buying a short sale is a long and involved process, and there are so many people that have to be involved.  So please say a prayer that if it is meant to be, it will all go smoothly.  I just want to be sure we get the right house, for the right price, and the right situation.  

I will definitely keep you posted!

We are STILL waiting on that house...

So it has been a week since I wrote my last post.  What a roller coaster it has been.  Our first offer was rejected.  I don't like being rejected.  I thought that once I got married that would all be over, but no, the housing market can be so cruel!

So we sat on that rejection for a couple of days, looked at some houses, prayed, and talked a lot about what we could do instead.  We kept coming back to that house.  That house.  That perfect, huge, great, wonderful house.  And it's not just that it's a great house; it would be OUR home.  The McCoy family home.  What a great thing to have for our children, instead of the thought that we will move every one or two years.  I want stability for them, and a house is a great way to do that.  Living in California, we thought we would never be able to own a home.  Then the market fell apart.  I am so glad we never tried to buy before.  God had a purpose in our waiting - even though it was hard, it was a great lesson in patience and trust in Him.  So what did we do?  We upped our offer by $20,000!!!!  Yes, that's a lot of money, but we did completely low-ball on the first offer.  So we made a new offer on Wednesday night and found out today that the seller will have a minor counter - hopefully no biggie - and by Monday it should be going off to the bank for approval.  Oh yeah, I don't know if I ever mentioned this house is a short-sale. If anyone has ever tried to buy a short sale you know the patience required.  Just because a seller accepts an offer, it doesn't really mean anything.  Their lender has to accept it as well and agree to all terms.  So hopefully Wells Fargo will see the offer, realize it's a good one, and will accept it.  

Thanks to Marcus serving in the Navy for 2 years, we get to utilize a great benefit - the VA loan.  That is the only loan right now that will give 100% financing, which is WONDERFUL!  Only bummer is that with the longevity of a short sale, the VA also adds 45 day escrow (15 days longer than "normal").  But all in God's time is what I say and lean on!  If this is His will it will happen; all I have to do is complete the action steps required!  It is comforting to know that I have no control over this situation!!!!!  Prayer would still be great though!  I will keep you posted!

Buying a House!!!!

I am so excited!  We started working with a realtor last Sunday and we found a house already that we absolutely love!  If you click on the title of this blog entry, it should take you to the listing!  I can't believe it, but we are qualified and we are going to write an offer tonight.  It has been a lot of work getting everything together, as I'm sure most of you know, but it has been so worth it.  I've spent a lot of time in prayer - waiting on God's leading - and He is leading us.  I have given up control, and am just basking in His calming grace.  What a good place to be!  It takes a lot of stress out of the whole situation!

Here's the only picture I have right now: 

I'll give you more details once I have some more!  Please pray for us!