So my original offer of 80% ltv was countered with an offer $1,500 lower than the original asking price, on top of asking for an increase to $5,000 earnest money up front payable immediately, this was Monday the 30th. Kinda a slap in the face if you ask me.

So I mulled it over and Tuesday afternoon decided to raise my offer $5,000, which was still $15,000 below the asking price. I was hoping they would take it because I was not going much higher. However I was hoping I had waited long enough to counter that they wouldn’t get to it until after the 4th of July weekend.

It was about 7:30pm and we were already half way home to Michigan. I was telling my girlfriend there was no way they would come down $15,000 immediately after they had dropped a mere $1,500 on the first counter. Sure enough just as I finished saying this I received a phone call from my realtor telling us they had accepted the offer!

First I thought it was a joke, as it was quite a change of heart on their part and I was completely astonished they accepted the offer. But But then I got a bit nervous, “Did I make a bad decision?” “Do they know something I don’t?” “Is the housing market falling faster than I though?” All these crazy thoughts started running through my head.

I am soon to be a new homeowner! Oh-no, bills, bills, and more bills, here they come.