We got the house!

Our offer on the house in Houston (click for pictures) was accepted!

It’s $17K more than our initial lowball offer, but not *too* bad, and I really, really like this place. Home inspection is Monday, and we close in three weeks if everything goes well.

7 thoughts on “We got the house!

  1. Bill,

    so now you own two houses? one in austin and one in houston? are you renting out the one in austin or planning on selling it?

    perhaps you can become a real estate mogul!

  2. We’ll be selling the one in Austin after doing some minor fixup work (paint, carpet, etc).

  3. Congrats. I’m in a similar situation. Just sold my Ohio home after 6 months on the market. It was nice getting that check so I can close on my other home in Florida. I hope you get the best price and quickly in Austin.

  4. We’ve got a guaranteed buyout on the house from my employer (as part of the relocation package) if we can’t find a buyer or don’t want to mess with it, so that’s good. Market value is more than what we owe, so that’s good too. πŸ™‚

  5. Sweet. Hardwood floors and all. Good luck with the move. Let me know if you’ll be leaving any goodies behind to be looted. πŸ™‚

  6. Oh cool.

    But why would your company buy your old house? Why not just buy your new house since they want you to go. I’ve never heard of a company buying someone’s house unless they’re an executive type.

    Good luck in Houston. Been there.

  7. The company is purchasing my old house to save me the hassle of having to sell it. This is the best relocation package they offer; its normally not offered to non-executives as far as I know. Basically they have an entire department to handle relocations; they’ll just pay me fair market value for the house, and then turn around and sell it to recoup that.

    It keeps me from having to mess with putting it on the market, etc.

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