We finally found a house we like at the price we like, close-ish to campus and that is not a short sale. The house listed on Friday and we were the first ones in on Saturday to see it. We put together an offer as fast as we could and had it in before Saturday night. By Sunday there were two other offers in and the house shows three more times today before the seller is going to be presented with all offers. We now apparently go into sudden death overtime, called "highest and best". I had never heard of this until recently, but I guess we throw our best offer in the ring tonight and see what the sellers pick.
We are in good shape for all the intangibles. We have nothing to sell, so our offer is not contingent on us selling our house. The price is well below our uncomfortably high approval amount and we will have a letter waiving the mortgage contingency. On top of that, after cyber-stalking the owners (a couple around our age) for a while, we've written them a letter about why we want their house in the form of a top 11 list. There's a reason for the 11, but I won't get into it. We're hoping that'll put a "face" to the offer, but it could also blow up in our face if they think it's not funny. Whatever, I think it's worth a try. We should know in the next two days if our house search is finally over or if we're back to square one.
1 hour ago