Saturday, October 24, 2009

Appraisal goes through!

Received word this morning that the house appraised for what I'm under contract to pay for it. With the loan lined up, now it's just a question of getting some title work done and setting a closing date. I could not possibly be more excited!

I'll post some details about the property itself in a future update.

So right about now is the time when those million little plans and projects that were waiting for the location finalization are about to leap up from the background and start demanding time and attention. Lots to organize.

But in the meantime, I'd better get packing. Looks like I'm moving in a couple weeks!

Sunday, October 11, 2009

The end of property #1, the beginning of property #2...

Long overdue for an update, but things have been moving fast and I haven't had time. Important facts, in chronological order:

The original property fell through. I was not able to obtain a loan for it because of the home's condition. Just as well, because the more familiar I became with the property, the more problems seemed to crop up with said condition.

I am now once again in contract, but this time on a second property in the same area. It has the same amount of land, and some significant benefits as opposed to the last property. I already have a loan lined up, so the last hurdle with this one is the appraisal, which should be happening sometime this week.

I'll hold off on specifics until I know for sure whether or not this is the place I'll be living.

I absolutely cannot wait to move out of the "dealing with the nightmare real estate market" phase of this thing, and into the "actually doing something productive besides phone bankers and worry about appraisals" thing. Not my style at all...