Ready, Set... Wait...

It's the waiting game...

Tick Tock, Tick Tock...

We received a weekly email update on the status of our offer.  It said the average short sale takes 3-5 months to complete.  (I knew this was coming.)

We have been told there is a one week delay on processing our offer while we wait for lender approval or a counter offer. (That's why they say short sales should really be called long sales-haha real estate joke.)

So the choice is up to us since our offer technically expires Tuesday- we can choose to leave our offer in the pool or we can withdraw our offer and look for another house. We can play the game or move on.

We have looked at the houses currently on the market and decided there isn't really anything that we want to look at right now- so we will keep our offer right now and see what we find out next Monday.

The most important thing you can do in this situation is to keep your eye on the market to see if anything else comes available that you want to see.  But if you decide to make an offer on another home be certain you withdraw your first offer.  You DO NOT want to have two accepted offers.  Compare the houses to the house you have your offer in on  and see how they stack up to each other.  If there is a better option you may want to withdraw your offer and avoid the waiting game.

For us right now I guess we are just going to get ready for an intense waiting game!