OZ Finally Comes Out From Behind the Curtain!

curtain.jpg After 30 days of silence, we finally hear from OZ. The lender made contact with us and, based on their appraisals and BPOs, asked us to raise the price by $55,000.  After a sleepless night, I sent a letter to the listing agent itemizing the repairs and deferred maintenance. I am determined to not cave into spending the additional $55,000 and I was prepared to walk away rather than overpay.  The other buyer was offered the same deal of asking to raise their offer.  Since I have already completed a home inspection and found unanticipated repairs that amounted into the thousands, I had already compromised my bottom line.  The new price did nothing but put the home out of reach: both financially and emotionally.  It is time to move on.  I am prepared to pass if they don’t agree to the price I have laid on the table.

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