Tuesday, March 19, 2013

This is Our Final Offer!

Ok, that blog title is a bit misleading, but you get the idea.

After being crushed not once, but twice on places that we loved, the Baconator and I were not going to let the Humboldt Park Duplex slip through our fingers.  As soon as we decided to walk from the house, we made an appointment for a second viewing of the duplex to take it in with the critical eye needed to draft up a proper punch list.

Not to be all "gut feelings" and what not, but once we got in the front door, the condo really felt right. It was like we'd been through all these hoops with the loft then the house so that we could truly appreciate  how great the duplex was. The finishes of the duplex were really nice, especially when compared to the house; just little things like the quality of the tile in the bathrooms and the continuity of finishes throughout do a lot to pull the place together.  So with that said, we were eager to put our offer on the table!

Our Offer:
Price: 92% Offer and $5K for Closing Costs
Punch List:

  1. Build out Closets in (3) Bedrooms
  2. Build Wall and Door to close off basement bedroom
  3. Back up Battery on Sump Pump
  4. Fix Chip in Kitchen Sile Stone
  5. Hood has 2 dents - fix dents
  6. Finish Carport with Solid Garage Door
  7. Installation of Wine Fridge in Kitchen Nook
  8. Install Sile Stone in Kitchen Nook
There are a bunch of things that we asked for at the House that aren't on this list because the developer of the Duplex already took care of it during the building process (Alarm, Mirrors, Washer/Dryer, Back Fences, Pulls for Drawers, Tile Backsplash, 1 Year Developer Warranty, etc). 

Within 24 hours, we were happy to get a response from the developer!  Great news on that front:
Seller's Counter Offer:
Price: 99% asking price and No Credit for Closing Cost
Punch List: 

OMG!? They said yes to EVERYTHING on the list? Seriously? No wonder our realtor was so confused when the other developer kept turning us down!! After some quick math, we went in with our best and final offer with guns blazing and fingers crossed:

Our Best and Final Offer:
Price: 95% asking price and $5K for Closing Costs
Punch List: Everything already agreed to

The only thing we had left to do was wait and hope they came back with something that we could agree to... and they DID!

By noon the next day, we had agreed to the seller's counter offer of:
Price: 97% asking price and $5K for Closing Costs
Punch List: Everything already agreed to

After 3 long months and more viewings than I can count, we were finally on our way to having house!  We closed just over a month later with no bumps along the road - here are our keys as proof :)

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