Well we finally heard back today. The bank has written up a counter-offer, coming only $4000 off their original asking price. Not good enough, especially considering that we think the market in Arizona is still going to drop at least 10%. So....
We are putting in a counter offer and this is it. We are unwilling to go up any further. If the bank agrees by tomorrow night, we'll have our house. If not, it's back to the drawing board.
At this point, I'm almost hoping it doesn't go through. Not because I don't want that house, but because I feel stretched to my limit. I was hoping to have a little breathing room. Oh well...we'll see.
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