House Hunting, the end for now...

This is the rambler - we did make an offer (10.5% higher than the selling price), and then we sat waiting to hear from the agent... until this morning. The way I understand it, they had a half dozen offers. The people who actually got the house offered less than we did, but they had cash in their hot little hands.

Of course, I am disappointed. Now, I am leery about trying to finance another house before we get this one sold. I have gone through the panic of selling and having to find something acceptable by the time we have to hand over the keys. Banks do not lend money on fixer-uppers without collateral (this house), so buying something cheap is out. The loan officer at our bank said the payments on a 'better' home were more than we want to shell out, especially if we find another money pit, like this one. Most of the flaws and problems were hidden ones.

I found a couple fixers, but, there is that higher % interest of an equity loan. I wish I had a crystal ball or something to predict how soon this one will sell. Maybe I could relax a little.