They say patience is a virtue, but is it just plain dumb in certain situations?
Colt and I put an offer in on a house that we absolutely fell in love with on December 3rd. Here we are, going on 2 months later, and we are still waiting to hear a response. Why is it taking so long? Because it's a short sale. Anybody who knows me well knows that I am NOT a patient person. Waiting to meet Alex for 9 whole months was ridiculously hard and taught me that good things are worth waiting for. But what about in a situation like this house? I just got an email from our realtor, who happens to be my uncle, saying that the banks are planning on doing a second appraisal on the house. This process can take 90 days or longer... basically saying that we might not get a single peep from the banks for another 3 months. To top it all off, there has been a second offer on the house and we don't know how much that second offer was for. Patience I can handle if we were guaranteed the house, but in this case we might be the lower bidder and wait around for 5 plus months to hear that somebody else got the house.
It really is a great house, for a GREAT deal. So is it worth waiting for? 85% of me says yes. It's the other 15% of me telling me to move on that is so hard to ignore.