Home buying update

So what happens when you have money to buy a house in a certain price bracket?  Someone else will have more money than you and buy the home you wanted to buy, in cash.

This happened to us this week.  A week ago, we put an offer on a short sale home that had two banks involved.  Within four days of submitting the offer, both banks had agreed and our offer was verbally accepted.  Hooray!!!  But hold you horses.  The title company was sending over the paper work but all the pages with signatures did not come through.  From the time of telling us that our offer was accepted to sending the paperwork again, another offer was submitted at a higher price and in cash. 

Their Realtor went to the banks and asked if they would go with the offer they had said yes to, or if they wanted the higher in cash offer.  The banks wanted the money (I don't blame them).  So after we had been told we had had an offer accepted, it was taken back.  We are saddened and frustrated by this development.  There is nothing we can do as there is a clause in the contracts that says something about a verbal acceptance of offer is not legally binding. 

So we continue the search.  Yesterday we saw some more homes.  It is discouraging to go through so many homes and feel we cannot really get much for our money.  Most of what we see is junky.  We are looking for the diamonds in the rough.

Here is another home we saw and are considering.

It has 5 bedrooms, 2 bathrooms, 2 car garage, and 2,106 sq. feet. It is in Sandy.  Here is the video:

Inside of the house

Outside of the house