HOUSE update

John and I have been looking for a house for over 3 months now. This has been a very stressful and crazy time. The housing market is so insane I hate it. But we are hoping we are in the ups. We have put several offers in on houses and have lost a few. We have followed a house to trustee sale only to find out that the sale was postponed just moments before the sale. But we have finally had an offer accepted!! Hoorah! But we can't get too excited just yet. This was a drive by only! Meaning no one could get in without their offer being accepted. We had been in several homes with a similar floor plan in this neighborhood and knew we LOVED the layout of the house and the neighborhood. The house is a short sale and had been on the market for a few months when we put our offer in. Our offer was a back-up offer, but since we weren't finding anything else we decdied to just play the game. So we made our highest and best offer knowing that there were two other offers that were submited to the bank. On Friday July 17th I got a call from my AMAZING realtor saying that the Short Sale had been approved and the other two offers were gone so the listing agent was going to sumbit our offer to the bank! Hoorah! I was so excited. But a little nervous because interest rates have gone up since we started looking and so I was very nervous that we would NOT be able to afford the house at what we offered. John assured me that everything would work out. So the agent submited our offer to the bank and I got a call from my agent on Wednesday July 22nd, saying that the bank had accepted our offer. Hoorah again!!! Now we just needed to go see the house to see if we really wanted to proceed to purchasing this home. We got an appointment with the owners for Saturday and went in to see it. The layout was everything I was hoping it to be. (This house have everything on my wish list, minus all the new luxurious granite.) However the house is not in the best condition. It needs a TON of cleaning and some repairs. The master shower has started to be retiled but was never completed, meaning it is not useable, the flooring upstairs was also NOT completed, the pool is NOT fenced or filled, and the stove top is missing in the kitchen. (And yes, people are LIVING in it, how I have no idea.) We also counted 9 different flooring types through out the home. How crazy is that!!!! But we love the house itself. So now we are waiting for excrow to start so that we can get an appraiser in the house in hopes that he will appraise it for less so that we can finance the work it needs into the home. If not, then we are back to square one again!