Talk of The Villages Florida

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-   The Villages, Florida, Non Villages Discussion (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/)
-   -   Will 31 be our lucky number? (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/will-31-our-lucky-number-15456/)

Boomer 06-17-2009 04:18 PM

Hi Kate, I was just so excited for SS. I guess I had to roll out the old cannon....... Uh oh. Now, what will I do for an encore when she finally gets to TV? Anyway, wonderful news.

Boomer

Keedy 06-17-2009 04:57 PM

Good for you......:crap2:

villages07 06-17-2009 05:22 PM

SS,

Whew, that was one heckuva journey... we all went along on the ride with you. So happy for you and Mr SS to have a contract in hand. Now comes the nervousness until you get check in hand and done deal.

So..... what ended up being the lucky #...certainly not number 31...probably more like 61.

Good luck the rest of the way. Your destination here in The Villages is well worth it.

:pepper2::beer3::pepper2::beer3:

Peggy D 06-17-2009 05:27 PM

Quote:

Originally Posted by sschuler1 (Post 209778)
:pepper2::pepper2::pepper2::pepper2::pepper2:

We finally reached an agreement! We are supposed to sign the contract today! Now we just need the appraisal to come in high enough! OMG this might actually be happening!!!!!!!!!

OMG, That is SO cool!!!

Start packing and pitching!!!

sunflower3630 06-17-2009 07:12 PM

SS ~

What wonderful news!!! I've been watching this post and I'm so excited for you!! Git 'er done and hurry on down!!! :crap2:

Sun

sschuler1 06-17-2009 07:12 PM

They were showing #49. We had two showings after they saw the house. Just leaving to go sign the papers right now. The appraiser is scheduled for 9 am tomorrow morning. :bowdown: Oh, please mr. appraiser! Make it a good number!!!!!!:bowdown:

sunflower3630 06-17-2009 07:14 PM

So far, prayers have worked, so I'll say another for you that the appraisal goes well.

Start packing!!

Barefoot 06-17-2009 09:56 PM

Quote:

Originally Posted by sschuler1 (Post 209940)
They were showing #49. We had two showings after they saw the house. Just leaving to go sign the papers right now. The appraiser is scheduled for 9 am tomorrow morning. :bowdown: Oh, please mr. appraiser! Make it a good number!!!!!!:bowdown:

Best of luck, we all have our fingers crossed. :thumbup:

sschuler1 06-22-2009 07:02 PM

Well, the appraisal came back and it was lower than our agreed upon price. But it was a number that we decided we could live with, so we came down again in price. Now we have the inspector coming on Thursday. We told them that we aren't fixing anything and that the home is sold "as is" because we had to come down again after we had already reached an agreement on price. So the only thing that can go wrong at this point is if the inspector finds something so horrendously wrong with the house that they decide to back out. But, that isn't very likely. The house is in great shape! So, we should know by Friday how everything went.....:coolsmiley:

nONIE 06-22-2009 07:08 PM

SS,

Couldnt be happier for you, it sounds like this is a go.

Now please send some of that good luck this way! LOL;);

Casino 06-22-2009 07:11 PM

SS

I am so happy for you and everyone else that has sold a home in the last few months. It is a nerve racking game.....

Our home was on the market for 4 months and we received and agreed on an offer. Our contract was signed and then the bottom fell out. The buyer had a family emergency out of state and never finished that paperwork that was needed to complete the sale. After many calls , we canceled the sale as we were losing valuable time and needed to be back on the market. so here we go again...back on the market....praying to St,.Joe ...

So good luck to all.....hope all goes well for you.

champion6 06-22-2009 09:13 PM

Oh lord, SS. What else can happen? Good luck!!!

JeanneBeannie 06-23-2009 06:05 AM

Good luck ss!!!
 
Gees....you sure have been thru the wringer. :ohdear:.
I am praying for you, and will be thinking about you during your inspection. I have no idea why lol, but the inspections drive me absolutely crazy :faint:. Eventho I know nothing is wrong (hopefully lol) its still very nerve wracking. Its like having a policeman driving behind me for no reason, but in my mind I hold my breath till he turns lol :1rotfl:. (hope that made sense lol).
Good luck....good luck...good luck!!!!
Jeanne :smile:

P.S. I was supposed to have two showings yesterday "cash buyers"! But one cancelled and wants to reschedule, and the other "might" come today ugh! So here we go again, get out the mop Jeanne! :evil6:

kittylecroix 06-23-2009 08:51 AM

Appraisal
 
SS
According to our agent, it's terrible with the banks and the appraisals. Now they are only going back 3 mos. for comparables(there aren't any around where we live) and although our buyers only need 125K, the house MUST appraise for the sell price of 375K--WHY?? I don't get it. The appraiser is coming in 10 minutes and we are AGAIN nervous wrecks.

TrudyM 06-23-2009 05:41 PM

Quote:

Originally Posted by kittylecroix (Post 210801)
SS
According to our agent, it's terrible with the banks and the appraisals. Now they are only going back 3 mos. for comparables(there aren't any around where we live) and although our buyers only need 125K, the house MUST appraise for the sell price of 375K--WHY?? I don't get it. The appraiser is coming in 10 minutes and we are AGAIN nervous wrecks.

It's complicated. We went through this once when we where buying, where the appraisal didn't come in at the asking price. If I understand it correctly and I may not, If they are getting a Mtg rate based on say 20% down (but they are putting down more than that) and the appraisal comes in at a level to cover the Mtg + the 20% (say $157) but not the full purchase price the lender may allow them to still go with through with the sale so long as they sign a letter saying they understand that the appraisal is less than the purchase price and that the difference may be non recoverable. We did this once in CT. It was the only house within decent commute distance to Sikorsky and we wanted it and I did my own appraisal with comps pulled by the realtor and decided that in the long run it was still a good buy, and I was right we sold it three years later at a healthy profit. The problem is if they are going for a funky loan, say interest only or negative amortization then the bank won't budge. Another way to fix the problem is to sell them the appliances under a separate contract. The appraisal doesn't consider appliances as they are not a 20 year asset, I was told this when I disagreed with the appraisal as the house had all new appliances and heating system and the comps needed same replaced in a year or two. I have rambled on sorry.


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