We got the contingency taken care of. We communicated this info to the potential buyers. Even through they knew that getting the approval for this contingency was only the first hurdle (and that they had to pay for the rest), they asked for some time to think about it. And then came back to us and asked us to reduce the price on the house again. By a fairly drastic amount.
Why?
Well, because installing the damned contingent item was going to be more costly than they had estimated. Doesn't that make TONS of sense to you?
Yeah, it didn't to us either. How they decide to improve the property after they take possession isn't our problem.
We agreed to come down a little more, but not to drop to their requested price. We also agreed to their shorter contract period (that would have us closing on THANKSGIVING) but requested possession to be 3 days after closing (because, after all, who can get a moving company to pack their asses up on THANKSGIVING??? And we will have to have some help because dammit I WILL BE PREGNANT by then. Or so I hope)
In the end, they said that if we wouldn't agree to their drastically reduced price, they didn't want the house. AND the wanted to keep possession at closing. (Thank you for giving it to me up the you know what on the price, and while you are at it, how about giving it to me again on the move out date. Way to be reasonable, potential future buyers...)
So, we ran the numbers multiple times. We were already going to be walking away with less cash in hand than we wanted at the contract price. Dropping to their request? Well, that would just be a stupid move for us financially.
I hate to see this contract fall through; because, after all:
(a bird in the hand is worth two in the bush)
But, it is probably for the best. Our guess was that during the inspection period, they would probably request for something else to be paid for out of our pockets as well. With all of these little details, it just didn't seem to be meant to be. We walked away.
So, now we are back on the market and waiting again. Since the first contract came shortly after the price drop, we are hoping that another offer won't be far behind. I guess only time will tell.
I am thankful, however, that the stress of dealing with all of the contract negotiations has temporarily come to an end. I think removing that stress is a good thing considering the upcoming transfer.
Just in case you forgot, it is a mere 41 hours from now. I am getting excited!