After listing our house Friday afternoon, June 19th, and after six showings (one on Saturday -five on Sunday).... by Sunday night, we had an offer for full price! Closing was initially for July 21st but we asked to have it extended to July 24th to allow more time for us to find a house in St. Louis. Feelings of relief and joy.
After spending two days in St. Louis on Thursday and Friday, June 25th and 26th, looking at I can't even remember how many houses and condos all over the city....we found a house twice and made an offer twice but we won't know until tomorrow at noon if our second offer was accepted! If it isn't, we are back to square one! Feelings of anxiety and doubt.
We knew, going to St. Louis, that what blessed our life earlier in the week - a sellers market - was going to be our challenge as buyers. We didn't know how much of a challenge it would be. Even though we got full price for our house, we only actually have $133,000 to work with because we have to pay off our construction loan and pay the realtor fees. Alicia, our St. Louis realtor, initially sent us so many houses to look at that would require taking out a mortgage that would equal in amount what we took out 24 years ago when we bought this house. NO! We don't want to be saddled with another big house debt. So, we asked her to dial the price down and then the "fun" began. Houses for under $133,000 in St. Louis are either currently rentals with vacancy way into August (remembering that we have to be out by July 24th), fixer uppers, or they have a MAJOR flaw - like being on a flood plain (we found two really cute and remodeled ones like that), or being a pre-fab home (we found one that looked perfect until we learned that it was a pre-fab with no known serial number - and all trailers HAVE to have them from the DMV in order for them to be bought or sold). And, as fixer uppers, they run the entire spectrum from being a total dump to just lots of painting and renovating. Plus, competition with the flippers is fierce in this price range. We found condos in that price range but only with two bedrooms. Some didn't have covered parking. Many were on second levels (no stairs is a big requirement for me). Some had really pricey condo fees. There was one that was relatively large (i.e. room for the grand piano) that also had a garage and an elevator to the second floor but it didn't go down to the garage and, ultimately, we just felt we needed more room than a condo can provide. We did find a fixer-upper in an ideal neighborhood - Maryland Heights - (close to Emily, Beckie, and the temple) that just came on the market that day (Thursday). It was not so bad that we couldn't live in it while renovations were done so we made an offer right then and there. It met all our major criteria except for the laundry was in the basement. We could see a place to move the laundry to the main level, though. The seller requested 48 hours for all offers to be made so we returned to our hotel that night not knowing if we were accepted or not and worried about all the work that we were going to have to do AGAIN to have a livable house.
On Friday, after much discussion and thought, we switched our thinking to looking at houses where we only had to take out a teeny additional mortgage in order to avoid the flippers and to maybe find something that wouldn't require a lot of renovation. Alicia had three in that category to look at Friday afternoon (it was Southerland piano lessons that morning). And, the first house we looked in St. Peters seemed perfect. The main level is completely redone - and in the colors of gray and white that we did our house in. Gas stove and a fireplace (neither on our must-have list but really a bonus) All new appliances and bathroom fixtures. Large living area to put the piano AND an additional family room. Three bedrooms. Full bath off of the master. Fenced yard but not too huge of a yard (mowing is getting hard these days). We had to capitulate on the washer /dryer in the basement but again, there is potential to put a stacked unit in the master bedroom closet since it is right next to the bathroom plumbing. Close to Emily, Beckie, temple AND only 1 1/2 hours from Columbia. The only negative is that the basement smells musty. Some time in the life of the house (built in 1973), floor tile was installed on half of the floor area plus walls were put up. There is evidence of crack repair in the unfinished side so we suspect that water has seeped under the tile and walls creating the mildew. But, our thinking is to just tear all of that out, fix any additional cracks, and just use the basement for storage (and Steve's model train room). So, we immediately rescinded our bid on the Maryland Heights house and made a bid on this one. Again we have to wait until Monday noon before a decision is made. And, who knows how many other offers will be made??? At almost every house we looked at, we were just part of a continuous of potential buyers. We believe that since this one has just been remodeled, we won't be in competition with the flippers. And, we hope that the musty smell will turn everyone else away. We also hope that our larger amount of earnest money and a slightly higher offer than asking price will tip the scales in our favor. In spite of the offer, we decided to still look at the other two houses just in case this one fell through. Both were fine but neither were not in as good a shape as the St. Peters one and both were way south of St. Louis meaning that the Columbia family would have a much longer drive to come visit.
We celebrated Emily's 43rd birthday Friday evening and then we drove back to Columbia, totally worn out. I took a benedryl and two ibuprofin and thankfully, I slept better than I did on Thursday. But, since then, my brain has not shut off and I slept horribly last night. Now I am worrying about the mildew/mold potential and wondering if it was mentioned in the seller disclosure and if we can put cleaning it up in a buying clause. And feeling dread that we might have to fight the crowds of buyers in St. Louis yet again this week with no guarantee we will find anything again. And, then when I am not thinking about buying, I am organizing our packing and moving in my brain. My mind just goes around and around.....