Moving Update

Well, I mentioned a few posts back that we were considering making an offer on a short-sale home in Massachusetts, and we did it! However, we really don't think it's going to work out. The bank that owns the mortgage is notoriously awful when it comes to short sales, often taking 6-8 months to approve them. Or, more likely than not, they just flat-out reject the offer and let the house go into foreclosure. It might be worth the risk if we could get an amazing price, but the listing realtor won't even send an offer to the bank unless he thinks it has a good chance of being approved. He doesn't want to ruin his excellent short-sale track record, or spend time on something that is just going to get rejected. And he thinks our offer is too low. So... it looks like we will keep looking. If we're going to be locked into a contract on one home for up to 8 months, we should be getting a bargain-basement deal! Paying full price is just silly!

It's really okay, though. While we had both grown emotionally attached to the idea of this one home (which we call "the red house"), there ARE other options. Like the yellow house! Gus just found this one today:

Seriously, isn't it beautiful? We aren't sure what kind of sale it is, but it appears to be a home that was foreclosed upon, and is now bank-owned. That's an improvement over a short sale. And, if you look at the listing history, they have dropped the price by a significant amount every single month it has been on the market. And now, it's definitely in our range! The photos online don't give too much detail, but it looks like some home improvement projects may have been started and not finished. And there is some junk on the floor in a few rooms. But on paper, it sounds AWESOME: built in 2005, over 2,100 square feet, 4 bedrooms, 2.5 baths, a 2-car attached garage (probably underneath, like in many houses we've seen), a basement, hardwoord floors throughout, a basement, a fireplace, and a recently remodeled kitchen with new cabinets and granite countertops. All situated on over 2 acres, close to a lake, in a great, family-friendly town. Yup. For way less than half of what we paid for our current house. INSANE!!

Anyway, we are headed back to Boston in a few weeks for a wedding, and will check it out then (along with the red house and a few others). I am really excited about this one. Fingers crossed that the inside isn't too bad!