The Offer

We got the offer in writing today. They're not wasting any time. Last night, they called me three times between 9:45PM and 10:00PM to verify that the price they were offering was acceptable. And today, just around 5:00PM, they hand-delivered the official written offer, which they had already taken to their lawyer AND my lawyer.

I'll be holding off signing off on the deal until the last minute on Monday. That should give any interested parties from Sunday's open house an opportunity to act (though, admittedly, it won't give them much time.

The written offer contained a couple of troubling conditions. First, they are making the offer conditional on financing (which is normal), but have added that their financing must be at an interest rate which is lower than any rate I have seen offered anywhere in this country.

Second, they are saying that they want us out of the house in 30 days, but they are keeping their financing window open for nearly 3 weeks. Theoretically, they could come back at the 11th hour (after we've already packed, made moving arrangements, etc.) and say "Sorry, the financing fell through".

I'm sure that's not their intent, but the way the offer is written, it's a possibility. We're going to counter-offer on the conditions... that we (my wife and I) have 30 days to leave after they remove all conditions. That will mean that until they have their financing arranged, the clock is not ticking on us having to leave. It's only fair, don't you think?