Houses, husbands, and termites

Oh my.
So we got an offer on our house on Saturday.

Ok backpeddle.. we started our house at $229k back in what, April? Lowered it, lowered it, lowered it.. it's now at $199.9k. It's also November. We bought our current house in July- so you can tell that we're feeling a financial pinch now right? Months of double mortgages, does not a stressfree situation make!

We received an offer of $175k, we countered with $190k, they accepted. We were supposed to close the 15th of Nov. THey were FHA- meaning the appraisal had to come back at the sale price. It did not, it came back at $184k. (the appraisor was using OLD sale prices- we feel it was unfair- whatever) The buyers walked, even though we agreed to lower the price again.

We got another offer. $170k contingent on them selling their house. We countered again with $190k. Never heard back until last week. They offered $160k, as is, willing to settle on 11/15. Well that wouldn't even pay off the mortgage and our realtor fees! We said no. They came back TODAY saying $170k as is. That would JUST pay all our fees- and not be able to pay back what we borrowed to put down on current house.

Our offer from Sat, offered $185k. We said "ok, but 'as-is'". We gave them the home inspection report from last buyers, to go over. They came back and said the termite damage worried them (long story- we don't think it's termite damage but Matthew damage due to him drilling holes to run wires and leaving sawdust. The exact spot where he was drilling is where the termite people said there was termite damage) Anyhow, we came back and said- ok we want to do another termite inspection- we will pay for whatever repairs is needed as per the inspection. If you will continue with the sale and everything else 'as-is'. So we're waiting to hear back from that.

In the meantime, my realtor just emailed me to say that the 1pm showing we had on our house went "very well, the buyers are very interested and well qualified, so we'll wait to hear back". So I'm starting to feel optimistic about this!


It's really heartbreaking. We put SO much money into this house. New paint, new sheetrocking, new flooring, new carpeting, totally remodeled bathroom, and the week before we moved out our central AC unit fried and we had to replace it (another $2500 down the drain!) it hurts SO much to think that we're going to just break even with what we owe on our mortgage and what we owe our realtors. Our house appraised last May 06 for $214k when we refinanced, and this year it only appraised for $184k and people are only offereing $170k?!?!? Seriously, the market SUCKS.

Oh and the husband part of my title.. I MISS HIM! He's been gone since Sunday afternoon and I'm going NUTSO with 4 kiddos all by my lonesome. Plus he missed James' 8th birthday too. :( I just miss him.. only two more days til he comes home!!!!!!!!!!