Friday, June 29, 2007
Bum Deal!
Just to update you all...the house that I previously posted about, well, it's a no go. It's a long story so I'll try to make it short. First of all the owners of the home got mad at us for getting the house inspected and they also got upset when we got the house aprraised. Don't ask me why! Well, the house was listed at 150,00. We got it down to 144,000 with 4,ooo back at closing. WEll..the appraisal came back that the house was worth 137,000 (which is unreal for those of you in Utah!) Well..the loan people said they wouldn't give us a loan for 144,000 when the house was worth 137,000. We talked to the owners and they are very stubborn and would not budge an inch. So we todl them no way, we are not going to buy a house when it isn't worth what we would pay for it! Not to worry, we already have looked at some other homes and have a list of home to look at. We have a loan so once we find one we'll be all set!
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4 comments:
Don't be bummed, sounds like you guys made a very wise choice! Good for you two! I hope all works out for you and very soon!
Bummer! But yeah, that's way better than getting roped into something.
We are still renting places-so I am way jealous-sounds fun! especially at those prices. You will have to post more pictures when you find the perfect one.
Too bad the owners were being so dumb, of course they should know that a bank isn't going to loan more than the house is worth, so their loss, maybe you'll find another house you like even better! Good luck house hunting!
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