We just heard from our realtor in CDA, ID. He notified us that the buyer who made the first offer on this home Jerry and I made a second offer on, in September, has backed out of the escrow. You may recall the 1st offer had a contingency on it to sell their house. We came in with a 2nd cash offer but, the 1st buyer had 72 hours to take the contingency away... which they did. After that the seller discovered that his realtor had written something in the escrow instructions keeping escrow going until March, 08. Even though the sellers weren't happy to find that out, it was okay because they weren't planning to start building their new home until after winter anyway. I have been keeping in close contact with our CDA realtor to stay on top of the situation, I didn't think I wouldn't know anything until March. At this time, I don't know what the sellers are planning. But, we became friends with the sellers and they have our home phone number so I am sure they will probably be contacting us when they decide what their plans are. Until then... I'll just just continue praying that everything will work out for the best. Tuesday, January 22, 2008
Davenport Property in Coeur D'Alene, Idaho
We just heard from our realtor in CDA, ID. He notified us that the buyer who made the first offer on this home Jerry and I made a second offer on, in September, has backed out of the escrow. You may recall the 1st offer had a contingency on it to sell their house. We came in with a 2nd cash offer but, the 1st buyer had 72 hours to take the contingency away... which they did. After that the seller discovered that his realtor had written something in the escrow instructions keeping escrow going until March, 08. Even though the sellers weren't happy to find that out, it was okay because they weren't planning to start building their new home until after winter anyway. I have been keeping in close contact with our CDA realtor to stay on top of the situation, I didn't think I wouldn't know anything until March. At this time, I don't know what the sellers are planning. But, we became friends with the sellers and they have our home phone number so I am sure they will probably be contacting us when they decide what their plans are. Until then... I'll just just continue praying that everything will work out for the best. 
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Glad to hear that this is still in the works! It's a beautiful house and property! Just don't take Jerry there in the next month or two - he might change his mind! Brrr...it's been pretty cold here as well, right now it's 19 degrees (but it's also past midnight)! No snow on the ground though! That's a good thing! :-)
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