Crazy like Patrick Swayze

Wow. That was just nuts. 13 offers on one freaking house!!! 13!!!! The house was listed at $269000 and we decided to go in at $281000 subject to financing/inspection/termite inspection. Agents were going in one at a time and presenting their offer, and they weren't in there long. By the time our agent got in there, they weren't accepting anything under $300000 and were only taking firm offers with no conditions. He was in and out in less than 3 minutes.

No conditions??? Who buys a house without having a building inspector comb through it first?? Termites are also a huge problem in downtown Toronto. And as for financing, that's an issue because the CMHC and banks tend to appraise a house if less than %35 is put down. It's very possible that the bank could say that the house isn't worth what it was sold for, and refuse to give that much of a mortgage. The bank can decide this at any time before closing - even days.

We decided what we were willing to pay and stuck with it. I don't want to rip myself off and end up paying too much for a house that may have a ton of problems. Besides, being the Gemini that I am, I'm already totally over the house and am completely in love this loft. We'll be looking at it tomorrow.


We're a fickle bunch, us Geminis.