An offer!

After we passed the second set of holidays without a nibble on our house-for-sale, the phone finally rang with the call we’d given up hope of ever receiving.

“We’ve got an offer,” our realtor told us in a strong, steady voice that communicated confidence. “Can I come over tonight for your signatures?”

“Yes, indeed!” was my happy response. They’d offered less than we wanted, but an offer of any kind had come to be what we wanted most.

Sitting on the edge of our dining room chairs, Nate and I studied the stack of legal papers. I was thankful I married a lawyer. “Just tell me where to sign,” I said, “and I’ll get the celebration coffee!”

Later, we once again gathered the children still living at home. “We got an offer on the house today,” Nate began.

“What does that mean?” Birgitta asked.

“It means we’re really going to move, but not for a few weeks yet. The people who are buying our house don’t have enough money, but they’re going to get it from a bank. That’ll take a while.”

And quick as a wink we were looking again into faces with teary eyes. Never mind that they’d known about the need to sell the house for nearly two years. Suddenly it was on top of them, and it felt awful.

“Give them a little time,” I reassured Nate. “They’ll come around.”

He and I decided to begin house hunting ourselves, flipping from being sellers to buyers. Where should we look? We had four more years before the youngest would be out of high school and had hoped to stay in the district. But if high prices in our suburb dictated a distant move, the last two girls could always go to the Christian school they’d attended through 8th grade. It might be a long daily drive from a distant location, but it would step around the problem of a new school. The girls had friends who still attended there, and they already knew the ropes.

Nate and I drove to the end of the train line he currently used to commute to downtown Chicago every day. Property values that far out were spectacular. We toured half a dozen homes, chatting excitedly on our drive home about the lovely possibilities.

Two days later, our daughter Louisa received a letter from a friend. She tacked it to the wall over her bed:

“I’m so sorry someone bought your house. I know how bad that feels, because the same thing happened to me. I’m here for you.”

The letter went on to empathize with Louisa’s crisis as only a good girlfriend can. Later, when I broached the subject with her, she burst into fresh tears, clenched her fist and shouted, “I hate those people who bought our house! I hate ‘em!” It wasn’t going to be a smooth family transition.

Real estate roller coaster

Hopes up, hopes down.

House on the market, house off the market.

Price high, price low.

Gas on, gas off.

Wheee!

We were whizzing along on the real estate roller coaster without ever having wanted the ride, especially in the winter. It was February in Chicagoland, and the Nymans were freezing, both outside and inside, where our thermostat had bottomed out at 44 degrees. The gas had been turned off.

A cold shower in the summer is refreshing. In an unheated house with unheated water, its agony. Our kids were angry. We were angry. It had taken nearly a year to sever our emotional ties to our much-loved home enough to put it up for sale. Now another year and a half had gone by. Why wouldn’t it sell?

We had a variety of friends who had needed to sell their homes during the same time period. All had met with success, marveling at the high prices they’d gotten in the process.

At our house, now that the gas was off because we were late (months late) in paying our bill, most of us left for work and school each morning with dirty hair, dressed in outfits we’d worn twice already. “Shower at school if you can,” I told the kids as they stepped out the door.

Meals were a challenge. We had no oven or stove-top burners but were thankful for an electric fry pan and a microwave. Although the dishwasher worked, at the end of its cycle dishes weren’t clean because of the greasy residue cold water refused to remove. We got good at boiling water in the microwave and adding it to cold sink water for hand-washing plates, silverware, pots and pans after meals. Although my winter coat got dirty and wet as I did dishes in it, my cold, stiff hands appreciated the warmth of that water.

It took more than a week for us to assemble the nearly two thousand dollars needed to pay the gas company what we owed. They wanted it in cash, paid in person. As I slid the many bills into a metal tray beneath an extra-thick glass window, the clerk scowled as if to say, “I hope you learned your lesson, stupid. Go home and get your act together.” I felt like a criminal.

Eight days passed before our gas was finally turned on. The water heater resumed its job, the furnace whirred back to life and the oven began smelling good again. None of us will ever take for granted the simple pleasures of a hot shower or a heated home.

It was a good thing we couldn’t see into the future. The coming refrigerator break-down would have been too much to bear.

Finding Another Way

Once we took our house off the market, I could focus on Mom, who had cancer. It was a great blessing to be able to spend extra time with her, walking through every stage of uncertainty, testing, trauma and pain as her life narrowed. In one of our many bedside chats, Mom said, “You know, Honey, you and Nate could probably sell your house without a realtor. We’ve done that four times. Why don’t you try it?”

Mom died in April, 2005. In May we needed to get the house back on the market and so followed her advice. We knew shoving a sign into the ground that said “For Sale By Owner” wouldn’t do much, since we were on a cul-de-sac, absent of drive-by value.

So we bought “Fizz-bo” (FSBO) signs and posted them at every nearby corner with arrows directing traffic flow to our address. We also made five-page packets describing our house and all its stats, complete with a dozen pictures. Once people turned onto our short street, they could see the clear plastic box of info next to the sign, beckoning them to take one.

Something else we did was lower the price of our home by 5%. After all, there would be no real estate commission when we sold it ourselves. Maybe a lower price would attract a new category of house hunters.

Over the next few weeks, as I worked in the kitchen keeping one eye out the window, an encouraging parade of drive-by vehicles moved past our house, stopping at the box of descriptive packets. As each person took one, I waved, smiled and thought, “Mom was right. This time it’s going to work.”

Quite a few families called and then toured our de-cluttered, squeaky-clean home. To go the extra mile, we held an open house every Sunday afternoon, locking the dog in the car and chatting with lookers by the hour. But an unproductive trend emerged. Most of those potential buyers had no potential. They fell into two categories: 1) “tire-kickers” wanting a peek, and 2) families visiting open houses as free entertainment.

About this time, Nate began clipping articles from newspapers that detailed a slight negative downturn in the real estate bubble. Several columnists predicted real estate doom as pie-in-the-sky prices were forced back “to reality.” Little did we know how far we still were from reality.

As the downward trend continued, we made the difficult decision to lower our price another 4%, spending hours discussing the issue. As a matter of fact, the sale of our house was all we ever talked about.

Falling into the “if only” trap produced days of hopelessness in both of us. Our kids begged to talk about something else, anything else, at the dinner table. And finally we declared a moratorium on talk of house and financial problems, at least while we ate. It was difficult to comply with the new rule, probably because it’s hard to fight fear.

When we lowered the price on the house for the second time, we printed new info sheets, noticing that we’d topped the one-thousand mark in our copies. One thousand people had removed packets from the plastic box on our front lawn, and still we hadn’t had a bite.

Even subtracting the months we’d been off the market when Mom was ill, the house had been for sale well over a year. Most of that time our suburb was, as the realtor put it, “Hot, hot, hot!” But by this time, our hope had grown cold, cold, cold.