With the hot sellers' market most are experiencing right now, multiple-offer scenerios are common.
I've been the buyer twice now in mulitple offer situations, but never the seller.
It was our hope when we recently listed that we would enjoy the benefit of having mulitple offers. What seller doesn't wish for that?
I pictured us choosing the buyer we wanted from a stack of hopefuls...having all the control and loving it.
Well we recently got our wish....and it wasn't quite what I had imagined it to be.
It was actually emotionally painful.
Maybe buying a home, selling a home and selling a $100,000 boat all at the same time has taken its toll on me.
Stressful doesn't begin to describe the roller coaster we have been on the last twelve months.
We have had several buyers for the boat fall through.
Just a few days on the market we went under agreement on the house.
But the buyers backed out before even making the initial deposit, costing us a week on the market.
We have been burned multiple times so we were cautiously optimistic when we suddenly had two interested parties on our home.
Couple One had originally said "no thank you" after their showing.
They returned when they learned it was back on the market.
Couple Two was a young couple who fell in love with the house immediately upon entering.
Pretty awesome right? Dual offers here we come!
Turns out I'm just not cut out for the emotional aspect of being in this position...having to choose one over the other.
Both couples sent personalized little notes tugging at our heart strings...both made me cry. Everything at that point was making me cry.
Couple One offered cash.
Couple Two offered more money, but needed financing.
Money aside, my heart really wanted to choose Couple Two, the young couple who loved the house so much. Unfortunately, we couldn't take the risk that the house wouldn't appraise for financing.
The best choice for us was the cash offer.
It broke my heart knowing how disappointed that young couple would be. I asked my agent to please let them know how difficult the decision was for us.
I really don't like having to make decisions that affect others.
I certainly don't like disappointing others.
The good news is we closed on the new house last week, we are supposed to be closing on the boat within a week and we are scheduled to close next month on the house.
I can finally see the light at the end of this tunnel!