This is What You Call Not Backing Out
May 8, 2016
We met with our realtor when we made the decision to flip a house.
He admitted to us that while he was willing to help, he’d had others come to him and say they wanted to flip a house…and then they backed out when the opportunity came up and never bought anything. We assured him: we’re not backing out. We’re doing this.
So when I got a text from him last Sunday saying “you need to see a house today” – we said sure! We walked through it once and both felt good about it. We called our realtor about an hour later and told him to put in an offer. We’re not usually so spontaneous about spending large chunks of our money, but we’ve been expecting that we would need to make a fast decision – so we did. This wasn’t hard for me (I make decisions quickly – often too quickly) but for Bruce (type A analytical all the way – science teacher, remember?) it was a bigger leap.
After we gave our realtor the green light Bruce looked at me and said, “This is what you call not backing out.”
But we knew we wouldn’t get it. After all, we have heard from experts in the area that finding and getting a house is the hardest part. And I already knew there was very little inventory in the area, which meant other investors would spot it too and a more aggressive investor would probably trump us and get the house. So it was a nice ‘soft start’ to the bidding process, and we weren’t even nervous.
And then on Monday morning we got this one line text message:
There’s no backing out now!
The bank has accepted our offer but we haven’t closed yet, so of course nothing is final. I’ll tell you all about the house when it’s officially ours.