Wednesday, June 10, 2009

House update

Just heard from the mortgage broker. The appraisal came back at $3k higher then the purchase price so we are good on that end. We were a little worried, the other house for sale on that street was priced a good $5k lower then the listing for ours and we ended up agreeing to pay $2k over that listing (congrats if you managed to follow that thought). Thankfully they take into account that there were multiple offers so that bumped it up.

Hopefully we hear by Friday what the underwriter says. This is where I worry. They are being super picky now and being pre-approved/qualified is meaning less and less. Nothing I can do about it but I still worry. Its just what I do.

Now I just need to hear back about if the seller agreed to our fixes. Our final addendum was for $600 towards appliances, fix the double tapped breaker, and put in a radon system. The radon in the basement tested at 24.3. EPA standards are 4.0 and lower. Just a touch high. The house has been closed up since Jan though, so I am sure that plays a part, but a system still needed to be put in. Especially since we plan on making the basement our family room and main hang out.

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