Offer

Just under 9 hours ago we got official word via email from our relocation company that they had sent in the papers which indicated that they accepted an offer on our house. (They way it works is that we sell to the relocation company and the relocation company sells to the actual buyer).

On Wednesday we had gotten the initial offer, and then we spent a couple days negotiating (counter offer and counter counter offer) and making sure everything was in order in terms of knowing just how everything worked with the relocation company.

The number we accepted is no where near what we had hoped before the real estate bubble completely popped in our part of Florida. But it is more than we paid for the place (barely) and we will get a check when all is done rather than write one, and we will get to stop paying the mortgage and utilities in hopefully just a few days, which will mean we will no longer be in a cash flow deficit, which will be a very good thing!

We could have decided to say no and hold out for something better, but given how slow the market is, and the fact that until we sell we are bleeding cash, we decided to just go ahead.

Of course, there is still the inspection yet to go. If anything of significance is found at inspection then all bets are off and this may yet fall through. We of course hope that does not happen.

So... crossing our fingers for a bit longer (up to 10 days)... but we are much closer to having this house sold than ever before.