It's Official

It's official...you can read it for yourself. I tried to post this picture on the last entry but for some reason...unknown to me as I am still learning how to blog, it didn't work. Patience, my dear they say. Anyway, on paper we are sold. The only hang up now is the buyers getting insurance. In every purchase agreement there is a clause that protects the potential buyer. It states that a title search must be done on the house to ensure there isn't any funny stuff on the house, leans or whatever, and ensure that the home can be insured incase of fire. Well, since we have an older home that had the old knob & tube wiring in it (we have since had what was visible in the basement removed) this has presented us with a small problem. We need to know that they can get insurance on the house in order for it to be 100% SOLD and official. This could make the deal go sour if they can't get insurance. Insurance companies have over the years become really sticky about houses with the old style wiring in them. Not there is anything really wrong with it. Any electrican will tell you it is actually ok but the insurance companies have made a big deal out of it. It's a pain in the ass really...pardon my french. This is holding us back from making an offer on a house that we like because we want to be free and clear of this house and be able to make a firm offer without worrying that this deal may fall through. It's complicated...the reason I am I am sharing this with you is so you can learn from my experience. Most people don't buy and sell often enough to know the ins & outs so any experiences is worth learning from.
We are supposed to hear tomorrow if the buyers can insure the home and then I will be making a call to our realtor up north to see the house we like again and hopefully by week's end make an offer on it. Cross your fingers....