This will be part of an on-going series until I buy my new house.
Part 1 – Buying another house
Part 2 – Buying another house – A quick comparison
Part 3 – Buying another house – submitting the offer
Part 4 – Buying another house – submitting the offer, round 2
After I offered $315K and $3500 deposit today, they came back with a price of $320K and accepted the $3500. I countered by upping my offer to $3175K and we have now settled on $318K with a $3500 deposit. The agents are doing up the paperwork again as when you go back and forth a bunch of times the original offer contract can get very messy. You have to write and sign and initial the offer a ton on each little change.
Anyway, once that is done it will give me 5 business days to get a home inspection and make insurance arrangements. In Canada the need to have insurance starting at 12:01am on the day you take ownership and you need to have proof that you can get insurance before the offer is finalized. This should not be an issue for me as I am already insured on my current home.
This is all contingent on us being able to sell our current place. There are not many 4 bedroom houses in this price range in this town. I know as we were forced to take this one as there were no others on the market when we needed to move. I hope that everything goes OK and we can sell this one. We have put in a lot of work and improvements so it is a really nice house now. We will be listed at $259K and see how it goes.