Ernest Money

I really thought that our house would be under contract by now. We had a pretty good offer, and were working out the details. One of the sticking points was the Ernest money. Their offer had ernest fees of $500, option of $50. That is basically the money you would lose if you back out of the contract. The reason it is important is if we go through the trouble of moving out of the house only to have the deal fall through at closing, we would be REALLY stuck. We basically countered that those fees be doubled. That wouldn't cover us if we did not end up closing, but it would hopefully provide more incentive for them to be serious. We haven't heard anything since our counter, which is really weird. You would have thought we would have at least heard a yes or a no. I am bummed, but that means we get to live with my parents a little longer...YAY!! We don't have a house here we want to buy yet anyways, so I guess it is just as well.