Waski_the_Squirrel
Resident of the least visited state in the nation.
I got my appraisal in the mail. The house appraised for about $10,000 more than what the seller is asking. That was pretty happy news. In bad news, the appraiser had trouble finding comparable homes. They're all a lot larger or in really bad condition and all more expensive. The bank has asked for one more comparable home as part of the appraisal. Apparently 6 isn't enough! I hope that keeps the appraisal where I want it. The banker believes that this will be done next week and I'll be able to sign the paper work. Then I'll need to work out a closing date with the seller. I'm hoping to move in early January. A winter move doesn't sound like fun, but I can live with it.
Interestingly the house has 672 square feet on the main floor with 3 rooms and 408 square feet in the (unfinished) basement. I'm curious how this will affect the insurance since we estimated 950 square feet.
The cheapest comparable home was $20,000 more than the seller is asking for the one I want, and the most expensive was $70,000 more! All were at least 500 square feet larger. More and more, I'm sure I've found the right house. I'm excited to buy it.
Interestingly the house has 672 square feet on the main floor with 3 rooms and 408 square feet in the (unfinished) basement. I'm curious how this will affect the insurance since we estimated 950 square feet.
The cheapest comparable home was $20,000 more than the seller is asking for the one I want, and the most expensive was $70,000 more! All were at least 500 square feet larger. More and more, I'm sure I've found the right house. I'm excited to buy it.
