Writing left handed

The House, or lack thereof

My plan on Wednesday was to march down to my realtor’s office on Walnut Street, sign away my life’s savings and get the key to my new house. I had an outfit planned and everything.

But that would have required my bank to have done their job properly. Ditto the seller. Ditto the listing agent. Ditto the bank appraiser.

Also, it would have been better if I hadn’t spent the past two months accidentally writing checks in an old checkbook that links to an account I no longer have…

Needless to say, I will not be closing on Wednesday.

In fact, I’m meeting my realtor as soon as my Anthropology 101 students finish taking their final exam to start looking at more houses.

I don’t want to look at more houses.

I don’t want to even consider other houses—I’ve found the one that I want and I want it—but my realtor said we need a “Plan B” just in case.

The main issue, as it stands now, is that house appraised for less—significantly less—than the purchase price and by “significantly less” I mean an entire digit less. It all comes down to a few minor holes in the kitchen, which I’m planning to renovate anyway, but without approval from the bank, there is no loan, and without a loan, there is no house.

So there you have it.

Is it too early for ice cream?

ice cream

6 Responses to “The House, or lack thereof”

  1. Zak

    A few thoughts:

    1) Sorry. I know how his feels: my house was a short sale and “pending” for almost six months from the date I made the original offer, which was less than 24 hours after I saw the house!

    2) If you have your heart set on that one, and don’t want to look elsewhere, don’t. If you’re open to considering another house, then by all means look. Even if the first/current doesn’t work out, whether or not you’ve looked elsewhere won’t matter, you’ll still be heartbroken (for a short time). FYI: I missed putting a bid on a house I “loved” but in the end I ended up with mine and I’m even happier.

    3) An entire digit could be in any of the place values. I believe you mean an entire digit in the most significant/leftmost place value.

    4) It’s never too early for ice cream. Just make sure it’s good quality and have at it.

    • Kat Richter

      Thanks, Zak. It is nice to commiserate with people who have been through it before. I’m the first home buyer of my immediate circle of friends and they’re all super excited for me and keep asking, “Can we break out the champagne yet???” and I’m like, “NO! You don’t understand how this works. It is going to take FOREVER….” I did look at a few places yesterday but most were yucky. As for the digits, I meant an entire digit was MISSING, lol! And as for ice cream, YES! See the new photo I just added 🙂

  2. Laurie

    Perhaps you can renegotiate the price, or demand that some of these repairs be made before the purchase goes through, because of this report. Also, setbacks or delays can turn into advantages in the long run. If this house doesn’t work out, I am convinced it’s because there is something better waiting in the wings.

    • Kat Richter

      Yeah, we’ll see. I’m just trying to distract myself with other things in the meantime and take it one day at a time. It is so frustrating though! I just want to GO!!!

  3. Landlord

    I always thought the stress of buying a house was bad enough, but it adds a whole new level, when you are watching your adult child going through it. Different type of stress, because I KNOW it will all work out in the end, so I have the benefit of age and wisdom, but I know it still sucks…and also know that since you have the time to work on the house now, instead of in September…but it will be what it will be, as Laurie says.


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