First Home Style

Last week we completed the home inspection. There were a few concerns such as a leaking faucet and fallen off cabinet doors but nothing that would impede us going forward with the deal. The house appeared to be in good working condition though it is in desperate need of deep cleaning.   My realtor has taken to calling this house a “hot property”, as there continues to be a lot of interest and offers. He was concerned that someone else could swoop in and make a higher offer than mine.   Apparently, there was a prior offer to mine and that deal fell apart after the inspection when the “greedy buyer” wanted to renegotiate the price.   I made my offer at the right time. Also, it was about $10,000 more than the prior offer. My realtor was eager for us to go to contract.   Present at the inspection were myself, my realtor, the inspection, the homeowner and the listing agent. I had asked my mom to come along as well for moral support. Mom did not see the home prior to my making the offe

At the end of July, I thought that I had found my dream home. I made an offer. The seller countered. Then I accepted the seller’s counter offer.   I was already trying to schedule the home inspection when my realtor, Robert, texted me that the seller wanted to hold off. Well, according to Robert, the seller decided to sell the home to his neighbor’s friend. I was disappointed but then oddly felt relief. As much as I like the home and the area, I was a little worried that the location was a little too isolated. It was close to buses but far away from the train. I was concerned about how I would get to and from work. Robert would still make his commission as he was acting as both the buyer and seller’s agent. Everyone was happy except for me. I then called another former realtor, Louis, and we began looking at properties.   We went to an open house on a quiet street, a few blocks away from a subway station and a block from a bus, that was listed below market value. There were proba

After 5 years and countless open houses, I found a home that I want to purchase.   Things have been moving pretty fast since that initial viewing a little over a week ago.   I made an offer. The seller countered my offer. I accepted the counter. In fact, I agreed to all the seller’s terms and conditions and did not even negotiate the closing cost.   All that was left to do is to sign documents. In the meantime, I was decorating the home in my mind. I had picked out paint colors, stained the floors and had even updated the old fashioned bathroom sink and cabinet. It seems that it would all go to plan and by the end of August, I imagined myself accepting the keys to my dream home. My mother was excited. She imagined coming to visit and having afternoon tea. I found a housing inspector and we awaited the seller’s availability for us to inspect the home. But then today, I received an text from my realtor stating that the seller wants to “place things on hold”.   What does that mean?