Back to Finch?

Our real estate agent called us over the weekend and told us that the house on Finch is "available". It seems that 3 months (of non payment) is just the right amount of time for a bank to reconsider your offer! I do not blame the sellers; they offered a short sale to the bank. Which to me should signal that the owners are in over their heads and want out.

The bank has decided that perhaps their one solid offer, us, might be worth looking into. We re-looked at the house last night. It's funny, you make one of the biggest purchases in your life based on 20-60 minutes worth of inspection. We looked a bit more critically at the house, windows, AC, electrical, etc.

You also have to curb your inner HG channel tendencies (we could knock down this wall and put in a waterfall/koi pond in the living room). Mostly because the house is not ours yet...

One thing we noticed on the second visit was that the AC duct work only goes to the middle of the house. This house was built in the fifties, tar and gravel roof, so no AC. The AC was added later to the bedrooms, bathrooms and the living room. The kitchen and and "bonus room" have no AC vents. This can be rectified by running a soffit across the living room. It will look like a beam. There are also 3 different fences in the backyard, neighbors on each side and directly in back. So that will cost us. Electrical seemed ok, not new but at least not antique.

So we decided to "re-put" in our offer with the stipulation that the bank makes a decision in less than 90 days! Our agent gritted his teeth, smiled and submitted the offer. We will see...