Thursday, March 18, 2004

We have had our home for sale for about six months now. We had it sold twice, but the deals fell through because both potential buyers could only qualify for FHA loans, and FHA doesn't finance condos unless they were registered with FHA by the original developer at the time of construction and approved by FHA. Ours, of course, wasn't. The contract with our realtor is due to expire at the end of this month. We noticed the first time the contract end was nearing that suddenly they started to show the house more often. The same thing is occurring this time as well. The contract was renewed with the listing agent on January 1. The standard contract duration is 3 months. The realtors seemed to show the house quite alot at the beginning of the contract period. Then they went for about a month almost without showing the house at all. Now suddenly in March they are showing it frequently again.

Today was a frenzy of showings. The last couple must have liked the house quite a bit. The wife saw the house this morning, and this evening she came back with her husband. I had to leave the house while it was being shown. That is what the realtors ask you to do. The showing was set for 6:30 pm. I went shopping for some pants with my son, and we went back home about 7:30. Well, we started to, but the people were still here. So, we circled around the area several times until they left. It was nearly 8 pm by the time we could return home. I don't know for certain, but I assume they are interested or they wouldn't have spent so much time looking at the home.


Betty (my wife) asked me what we would do if we sold the house, and I lost my job. I don't know. I'm supposed to learn whether I will still have a job on Monday, Tuesday, or Wednesday. The time is growing close. If the house sells before then, we will have to do some soul searching as to whether we want to accept the contract or reject it. We could easily afford this house if I have to take a lower paying job somewhere, but the new one we want to build would be quite a bit more expensive. I think if we get a good offer, we will just take it on faith that the Lord knows what He's doing. If the house sells, and I am let go we could always purchase an older less expensive home.

No comments: