As I posted yesterday, we were waiting to hear the sellers response to our offer on the house. The offer expired at 7pm. Late afternoon, our agent calls. He got word that another offer was being prepared for the house - did we want to revise our offer since we were not the only one?
At this point, you have to put your best foot forward. Our offer of less than listing was based on the premise we would negotiate up, it wasn't going to stack up to another offer. We told our agent we'd go to full listing, but that was it. We would walk away from a bidding war, as much as I love the house, there are others. Our agent agreed and said he would wait to submit the revised offer until he knew the second offer was in writing.
We had tickets to see the Toronto Argos play the Winnipeg Blue Bombers (CFL football, the older but less financially viable version of the NFL). Mr. Lina bought these months ago, a conflicting game to cheer for when it's his current home vs childhood home playing. Given the highway construction going on in Toronto, we chose to take the subway in.
6:45 we get above ground, waiting for the call. 7pm we grab some food, I'm dealing with the food and money in case Mr. Lina's phone rings... 7:05 passes....
Just as I'm having my purse checked by security to go into the stadium, his phone rings. And it freezes, so we didn't answer the call. We got as far out of the way as we could between security and scanning our tickets to call our agent back on my phone.
It seems the other offer never happened. They didn't want to get into a bidding war and walked away. He had a counter offer from the sellers, accepting all of our conditions (which were pretty standard - home inspection, financing) and closing date but a price below asking, just not as low as we offered.
I suppose we could have done a little more back and forth on price, but it was fair and we had enough drama already. It's so strange arriving to a football game with FABULOUS seats and I really couldn't care about how close the players were because I bought a house.
So here is a sneak peek of what will be my sewing room as of Nov 28th. It's a bit of an odd shape and the closet/door are behind the photographer, it should do quite nicely.