So my realtor called me today. It seems that someone else put an offer in on the house too. Unfortunately, there's no way to know what the offer was, but I had the option to either leave my offer as it is, revoke my offer, or change it.
I'm really new to this whole thing, so I don't know what to expect from a competing offer. I chose to ask my agent what they though, and she said I should increase my offer by $2,500. It didn't take me long to decide to do that. Even if she had said $5,000 I probably would have, but much more than that, and I might have decided to just keep looking.
The house is great, and even at the revised $77.5k it's still a steal. But I'm not going to get my hopes up and get attached to a house until it's closed. There are all sorts of things that can go wrong to keep a sale from going through, and I am a realist.
So, according to my agent, we will know tomorrow if my offer is accepted, and until then, I can only hope. But it won't be the end of the world if I have to keep looking, I'm certain the right house is out there just waiting for me, even if it takes a few tries.
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