Saturday, August 04, 2007

Good News Is No News

We signed a contract on our house this morning.

The woman loves the house and the neighborhood. We came to a positive agreement on the price and our concessions. Her agent is a good friend of ours, so we trust her and don't feel we need further representation.

But...

There's a house sale contingency rider - that means that if her house doesn't sell in the next few months, then the contract becomes null. We inserted a 72 hour kick-out - that means that if we find a renter, we give them 72 hours to remove their contingency rider or withdraw their contract.

So, although we're happy to have a contract on our house, we feel like this good news is rather anticlimactic. It provides no guarantees for us. In fact, I'm not sure why she bothered. But if you know anyone looking to purchase a condo near WashU, we hear there's a great one for sale!

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