Roller Coaster

I know I haven't posted in a while. You wouldn't understand how busy I've been. Andrew and I are moving back home this spring/summer, and that has been more work then I anticipated.
We were there last weekend looking at houses. That was a lot of fun. We saw some that were diamonds in the rough and some that were all rough and no diamond. There was one in particular that we really liked. It needs work, but it's only $149,000. That's not bad considering it's a 3 bedroom, 3 bath 1700 square foot house with a basement on an acre. We felt it was home. We decided to make a marathon trip back last night to meet with our realtor today to take one last look before we make an offer. My Dad and Andrew's Dad were nice enough to come with us for some extra opinions. Maybe it was because we took off our happiness blinders, or maybe it was because we were looking at it with our "Critical Glasses" on since it was our last look before we put down a large sum of money. It didn't look as promising as it had just a few days before. We knew that there was some water damage, but it seemed to be more extensive. We thought that it would be easy to finish the basement, but the layout wouldn't really work, plus the ceiling is like 6 and a half or 7 feet, so finishing it off would shrink the height noticeably.
Luckily, there was one house that we were not able to look at over the weekend, but we were able to see today. It was cute. The living room had high, cathedral ceilings that were done in wood with exposed beams. There was a crescent cut area in the wall between the living room and dining room. Very cool. It's on .3 of an acre and they are asking $174,900. The down side- I think I remember hearing that the area is known for flooding. And flooding is why we don't want to build on the land that my mother-in-law was going to give us.
We figured that with our dad's in tow, we'd go look at this other house that we liked. It's about 5 minutes away from the flooding house, but this one is not in a flood area. They're asking $175,000. We really liked this house over the weekend, but we thought that there was already an offer on it. Our realtor checked, and NO OFFERS YET!! The house is a 2 bedroom, 2 bathroom with a large living room, eat-in kitchen, sun room, garage and a finished basement! It's on .62 of an acre on a corner lot, but it is in a neighborhood. We can see neighbors everywhere. The house is pristine. When we were there on Saturday, the previous owner was there- this little old Ukrainian man. He was cute. He showed us all sorts of things- the door to the septic tank, the drainage from the gutters, lots of stuff. It's a nice solid house that is totally in move in condition... Hard wood floors in the living room and bedrooms.
So... we put in an offer. $160,000. Now we're just waiting, and waiting, and waiting... I don't know how much more waiting I can take. Wish us luck. And wish that the next few days go by quickly. I don't like this waiting game.