Now, I'm no control freak by any means. I'm pretty damn go-with-the-flowy. But the process of selling our house is driving even me crazy. Though we accepted our first offer after the house was on the market for just a week, that by no means indicates a smoothness to the proceedings.
I spoke this afternoon to our real estate agent, who informed me that our buyer is having trouble finding financing. As is the case with many home seekers looking in our starter price range, he needs 100% financing. On the heels of recent news in the national media outlets about mortgage lenders going belly up because of so many people defaulting on such loans, it's become more and more difficult to procure them. This buyer has a tiger of a mortgage broker working on his behalf, but it's still extremely uncertain.
Combine that with the fact that the buyer has only been at his current job for two weeks, and it becomes even less likely that a loan will come through. And so, we are in limbo. I guess you always are when you're selling your house, but now it's that much more obvious.
Our agent suggested that we not put in an offer on the house we're currently considering until at least next week, when we have a better idea if our own sale is going to go through or not. Frustrating, much? Yes, I think so.
It all comes down to the importance of not getting my hopes up. I wish this was a concept that didn't have to get reinforced every day. Luckily, there aren't any external factors forcing us to move quickly. The Partner's commute to his new job is perfectly doable. We know our house will sell eventually, even if it doesn't go to the first bidders. There are more houses going on the market each day for us to look at, and more buyers coming out with the spring thaw to melt into ours.
Like so many other big picture things, it's the complete and total not knowing that gets to me.