On Saturday, our realtor called and told us that the listing agent let her know that someone else had made an offer on the house. As of that point, the seller (a firm that buys foreclosed houses) had not looked at the offers yet, but the listing agent said that our numbers were far apart. Basically, the other people had offered quite a bit more and we had to give our best price. We decided on a price that was a little under our max, but still a good amount more than our initial offer.
Our realtor finally called this afternoon. Okay, it's only been a couple days, but it feels like forever! She said she didn't really have any news, but just wanted to call to let us know that a decision had not been made. However, she did say that the listing agent told her that the two offers were now very close to each other and that the seller was reviewing the financial backing and considering offers. We hope to hear back early tomorrow if not later today. We just want to know so we can start planning! I'll keep y'all posted. :)
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