*twitch*

[textualdeviance]

Officially saw the house.

In ridiculous, crazy love with it.

Waiting for our agent to call back and say she has offer paperwork ready for us to sign, and that 1% in earnest is enough in the short term.

Freaking out.

Comments

[pixxelpuss.livejournal.com]

Sending good real estate karma your way, keeping my fingers crossed for you...

[miss-swamp.livejournal.com]

Exciting! Fingers crossed.

[spookyevilone.livejournal.com]

You need a percentage for earnest money? Odd. Here it's either $500 or $1000.

Good luck with it, though!! Yay house!

[textualdeviance.livejournal.com]

Yeah, it differs from state to state. Some have mandates, some just have customary amounts. Here it's usually 1-3%.

I did find out that we only need the check when we're at mutual acceptance, though, so we can do the full 3% if we need to (assuming that the sale finally officially closes tomorrow--it was delayed because the county offices were closed Thursday and Friday last week so they couldn't record it. Sheesh!)

I've been crossing my fingers for your house-buying adventure, too. GAH! We had some credit/financing nightmares with our first purchase, but nowhere near this scary. You have the tenacity to make it happen, though!

[textualdeviance.livejournal.com]

Thanks!

Our agent should be calling us soon, and we'll be submitting the offer this afternoon. *glee*

[textualdeviance.livejournal.com]

Thank you!

Normally, I'd be comfortable with the wait, but knowing how quickly one of the other ones in this development sold after a price drop, I'm very nervous that someone else will get in before we do. Fortunately, our agent will be calling us for details shortly, and we should have the offer submitted sometime this afternoon.

[pixxelpuss.livejournal.com]

Good luck!

[thefirstalicat.livejournal.com]

Here it's usually 1-3%.

Wow! If I remember right, here you need a down payment of at least 10%, maybe more. Probably one reason why Canada didn't have a housing meltdown, come to think of it....

[textualdeviance.livejournal.com]

Oh, the down payment is still higher (usually 20% for most loans)--the earnest money is just the "yes, we're serious" check that goes with the offer and later gets applied to closing.

[piccalo.livejournal.com]

I WANNA SEE PICTURES!!!

good luck!

have an lj housewarming party!

[textualdeviance.livejournal.com]

Well, I don't want to jinx it by showing too much, but here's a taste.

:D

*squirm*

GAH I WANT THIS PLACE.

*whimper*

[thefirstalicat.livejournal.com]

Oh, the down payment is still higher (usually 20% for most loans)--the earnest money is just the "yes, we're serious" check that goes with the offer and later gets applied to closing.

Ah, okay then - I misunderstood your terminology. I think we gave the real estate agent a check for $5,000 as the "yes we're serious" amount, which as I recall wasn't a percentage thing but just was the "regular" amount required. Then, because of our circumstances, we were able to pay something like 2/3 of the total cost of the house as a "down payment" - which is certainly not the norm for any place, I don't think!