Yikes! Well on Thursday we were going to offer, but they made it unavialable for bids and our Realtor called and they said that most likely they were lowering the price. We expected at most $5k, but they went down a full $10k on the price (which now it's $22k LOWER than it's appraised vaule). So we were and

Realtor thought that there was a 5 day period now where only owner occupants like ourselves can bid on it and that closed Tues at midnight. But on Sat he thought there was a chance the bidding was closing daily so we better go ahead and put our bid in. He called us at 9:30pm and we figured it all out and he submitted it! Basically our offer is about 92% of what their list price is now and our mortagage will be about $6+k less than it would have been before. He doubts anyone will bid as high as us (which is pretty low really), but he does expect it to have more attention w/ the lower price. He estimates we have about a 70% chance of getting it.

He said we could know today or Wednesday...so we'll see!

WE did go walk around Lowes for fun on Saturday looking at appliances, paint, flooring, etc. Was exciting but also made me

Soooo..i will keep you posted on what happens!

oh, I'll be you hear from them today, the suspense is probably killing ya!

Good luck JE!

That's awesome that the price was lowered.

We wandered around Home Depot on Sunday looking at the same things. We left with about 50 paint chips (the baby grabbed about 5 as well, lol).

Just curious on the bidding thing. If 100 percent of the price is still 22k lower than the appraised value. And if you really want it, is there a reason you didn't bid 100 percent instead of the 92? I mean I guess I could ask myself the same thing, since we really wanted our house and it was already under tax value. If they don't accept it, can you go back and bid 95 percent or something? Or is that one bid it?

I can't wait to hear the news! I'm so excited for you guys.

Jen, HUD houses are just different and our realtor is very knowledgable in what they will take on each house. He knows this house b/c he was bidding on it himself so he knew just what they would accept as an offer. Last time we were going to bid about 89% of what the list price was and no one was even close to that he said. So he felt that this was a safe bid that would net them a good amount of money. We also only asked for part of the closing costs to sweeten the deal for them. This guy knows what he's doing when it comes to HUD homes. And we defnitely could have bid the asking price or more, but we really would have been wasting money.

We love this house, but also know that if we don't get it that there's another one out there for us. That's just how it goes. And we'd be sad, but we are ok if that's what happens.

Oh and two things can happen if we don't get it....someone else gets it b/c they had a better offer...or no one gets it and they give us a counteroffer, in which we'd go back and try again the next day.

Fingers crossed for an acceptance or counteroffer! You are so lucky to have found such a knowledgeable realtor!

Soooooooooooo excited for you!!!!!

Praying your offer is accepted!! How exciting!!!!

can't wait to hear "THE OFFER HAS BEEN ACCEPTED"
throwing ++ vibes out there for you! KUP!!

GO GET DAT HOUSE GIRL!!!!!!!!!!!!!!!!!!!

That is so exciting! Do you know how HUD homes do counter offers? We put an offer on a non-HUD home and so did 2 others, and all 3 of us were sent the same counter-offer and whoever responded first "won." Do HUD homes do it that way or will they just counter one person?

I am you get it,,,

It's so exciting

I"M SO HAPPY FOR YOU AND K!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

WOOOOOOOOOOOOOOOO! Love this year!

We GOT THE HOUSE!!! Taking bro and sil by to see it now! Sign contracts in morning!

I am so late but on a new home! I am so excited. Where are the pics?

Erin that is awesome! When are you closing? Maybe we'll close at the same time!

Jen. I know it can take HUD 2 weeks to get this part figured out. Tomorrow we go sign contracts and he sends that off to HUD. I'll let you know when I find out! It would be cool if we close at the same time!

OMG So exciting and happy for you! Now the project list never ends you rock girl! things are looking up!!! PS- I never heard back from you on the insurance crap!!

sooooo happy for y'all. this is the beginning of a year of great news for y'all

Congratulations Erin! This is so exciting for you!!

girls! For those that missed it in the other thread...here's the virtual tour. I'll get more pics for you though.

http://www.visualtour.com/shownp.asp?sk=13&t=2366161

We signed the contract today and he's got to send that off and then we get things going! Our realtor is soooooooooooo awesome. There were 4 other people in his office alone that bid on the house and we won! He told us today that it was a "smokin' hot deal" and he's so glad we got it. It was actually appraised higher than i thought and we have almost $40k INSTANT EQUITY in that house! He said w/ the neighborhood it's in and if we put a little work into it in a few years we can definitely make some money off it if we want to get into something bigger. I feel really good about our decision in getting this house and we can't wait to get busy doing everything!

CONGRATULATIONS!!!!! That's so exciting!!! It all happened so fast!!!

Have fun painting and decorating!!!!

Sounds like the perfect house for you. People say you just know when you find the right house and it is so true.

Here's a pic from yesterday. Buck was working so it's just me. We'll get one of us both this weekend.

Precious pic!!!! You will look back on this in fifty years and love it!!!! Hehehe

Love the pic and you seem to have a nice yard.

Erin I love this pic!

ohhhh, i remember it now!!! the red paint was the reminder!! i love it. i think it is going to be a fantastic home for y'all And yay for it happening so quickly... most HUD homes/foreclosures/etc i'v heard about are nightmares, which scares the death out of me for when we try it!!

congrats!!

I am sooooo excited for you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

CONGRATS!!!!!!!!!

OMG I cannot believe I missed this!!! CONGRATULATIONS!!!!!!! I am super happy for you both!!!

Too cute! I'm so excited for you both! It is a great feeling

So excited for you!!!