Update- Changes in Plans

I have not updated in awhile because I have been hoping to have some type of resolution to share,but apparentlythat is not going to be forth coming anytime soon. So, here is the quick update:

(1) we have canceled our contract to buy on the other house.

(2) we are in punch list negotiations with the buyer of this house, and I guess you could say we are trying hard to convince her to withdraw her contract to purchase.

Yes, I know those that read are shaking their heads and going "huh?"

After prayer,discussions and new information that came to our attention we no longer feel like moving is in our best interest at this time. Early this week we found out that the seller of the house we wanted to buy would not address any of the punch list, with that info added to the fact that the house did not feel "perfect" to both of us and the money crunch I felt like we were headed into -- we did not feel like this was the house for us. We had an out, that would allow us to recoop most of our money, and took it - especially in light of the buyer'spunch list on our house.

I will not go in much detail on our house, but we had what I would see as a fairly normal punch list for a house this age. But, the buyer's wanted us to address issues that are common with settlement on houses in this are, and that are costly and time consuming (issues that are normally accepted as those you would find and don't generally require repairs to). The general consensus was that she was also looking for an "out" on our house.

With the loss of the other house, interest rates going up on us in mid-process, and other costly issues that have come up- DH and I just don't think moving is it for us. It always comes back to some of the same issues. First of all, the location of our house in comparison to where DH works, the girls' activities, shopping, etc., is the best one we could ever hope for. Secondly,we have a yard with space and interest (there is also room for additions).Third, we bought and then refinanced this house during the time when interest rates had bottomed, and we bought before this area of the county began to experience its growth - leaving us in a very positive financial position regarding housing.

Anyway- there is no resolution to this yet. The buyers have not requested to cancel the contract yet - and may very well accept it leaving us with the option to either cancel it ourselves and pay them money or to continue shopping and hope we can find something and close in the next three weeks.

We are going to try to have a very nice, thoughtful and relaxing Easter with the family and forget that this is going on for awhile.

Peace,

Amy