Slumdog Wins! And Even More Big News!

Ninan Manor

I hadn't blogged about this before, but we have been in the market for house/townhouse here in Port Moody. We still own our condo in Yaletown which we rent out. We vacillated between the two ideas of either selling and buying, or continuing to rent out the condo and buying out here, using a loan from the equity in the downtown condo as the down-payment.

It was very hard to make the decision, but in the end decided to hold on to the condo downtown and buy out here as well, placing us in the pseudo-precarious position of owning 2 properties. With that in mind, we started house hunting last week. The second home we saw was a townhome/duplex. It was an end unit, opening up to a forested green-belt. It was very beautiful - the location and the interior, but priced a bit out of our reach. We presented a low offer, was rejected, they dropped their price a fraction, we returned with a hefty increase in our prevously low offer, they returned with an even smaller decrease! At that point I pulled back, deciding they were never going to meet us at a price we could afford.

We ventured on in our search, but our minds kept circling back to this particular property. So, today, after we returned with a slight increase in our previous price. Our realtor played some hard-ball, demanding a response by 11:00 tonight (usually the turn-around on offers is 24 hours).

We were watching the Oscars, and were a bit teary eyed and elated at SlumDog's victorious night. Just as the Oscars ended we got the call from our realtor that the sellers accepted the offer. We are completely shocked that we got it!!!!

Our move-in date is June 1. We have decided that this is going to be our home for at least the next 20 years, unless God directs us elsewhere. This is the home our kids will grow up in. Purchasing this home really solidifies our ties with Port Moody.