Under Contract On Our House… Again.

This house selling process is quite the roller coaster.  Last Wednesday, our buyer backed out, and the house went back on the active MLS.  We had a few showings, but nowhere near as many as we had in the first few days it was on the market.  Then on Monday, we had three showings and got an offer.  By Tuesday morning, we had the house under contract again.  This time, the closing date is June 26th.  The buyer has already been through the mortgage approval process, and all that remains is for her to get an inspection done (which we hope will not turn up any issues, since we’ve already been through one), and for her lender to have an appraisal done.

The sellers on the house we’re buying had pushed our closing date out to the end of July in order to give us time to find a buyer, but now we’re hoping they’ll agree to close sooner than that so that we aren’t homeless for a month.  So much is up in the air right now – I’m trying to figure out whether we should rent a truck or a portable storage container, but until we have more concrete dates it’s hard to accurately compare prices.

The new contract isn’t quite as good as the first one.  It’s still for full asking price, but calls for us to pay the buyer’s closing costs.  This is closer to what we had originally expected, and will still allow us to put 20% down on the house we’re buying without dipping into our cash savings.  Now we just have to keep our fingers crossed that everything goes through this time…