Our home in Atlanta has been for sale for 3 months and we have had 2 offers for our asking price and they both fell threw due to financing. Since it is for sale we have been reluctant to buy another b/c we're not exactly thrilled about have 2 mortgages.
Well on Thursday the home of out dreams came up for sale as a distressed property (code for soon to be foreclosure ). We looked at in once on Thursday and submitted an offer shortly thereafter.
Well we got the call last night that our offer was accepted. We are really excited since we fell like we are stealing it ( 100 k less than others have sold for in that development in the last 3 months). We are also a little FREAKED out since we now have a rather large financial obligation until we clear our current home. We are financially prepared for it but now that that the ball is in motion it is a bit unnerving.
Has anyone else ever taken this plunge? I know we can handle it financially but I would love some comforting stories of this working out for others
Matt
