We met our Realtor yesterday at a overcrowded Panera and signed a couple of papers that begins the process of saying, "Hey. We want your house. Give it." Unfortunately, since the house is a short sale it's going to be a long process. First, it seems we must wait for the seller to accept or counter our offer (though I think we put in a great offer, so I'm really hoping he accepts it). If the seller is ok with it, he then has to forward it to his mortgage company and find out if they're ok with it. That can take weeks, and if they don't approve it, then it's back to square one.
I now have about 8 different quotes for homeowner's insurance, 7 of which actually come from the same company. I went through 3 different local insurance firms (I guess they're more like brokers?) for different quotes, but it looks like they all use a place called Gulfstream something or other to do the actual insuring. Luckily though, the quotes are not as bad as they could be, considering the hurricane-esque environment here in Florida. Not that we've actually been hit by a hurricane here in Pinellas in the last century or so (knock on all the wood ever) which explains why all the houses here are about 50-80 years old.
We are considering getting an inspection done prior to the bank accepting our offer. It's not without some risk (basically us paying the few hundred for an inspection and then the bank saying no), but if the inspection is bad then we can withdraw our offer and keep looking. Whatever happens, we're really, really hoping to close by Nov. 30th so we get our $8000.
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