Tuesday, May 09, 2006

The competition

We made an offer on the San Miguel house and had to wait till after five o'clock to find out the results. They had seven offers but two were dropped due to contingencies. The remaining five, of which we are one, have to do the following things to stay in the bidding. First, they have to make one final increased bid, then they have to let the sellers live rent free in the house for one month after escrow closes, and, lastly, they have to pay any difference in the appraisal of the house not included in the loan. After careful consideration, we have decided to push onward and make a final bid. We really don't think our chances are good because we're not going to bid as high as we think it will finally sell for....but who really knows?


Great movie...Four stars from me


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