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Each month AR runs numerous contests as a way for our members to engage in activities
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Surprisingly, the buyers agreed to fix the broken pipe. However, the plumbers discovered several more breaks in the copper when they turned the water back on. Albuquerque NM homes all over suffered greatly from record-breaking cold earlier this year. Empty houses, like our short sale, fared no better.
This time, there was sheetrock involved. Negotiations began and we agreed to split the cost of repairs.
Four big holes in the sheetrock and repairs got done. Our lender told us the appraiser would not like the gaping holes in the wall so these were repaired at our expense, too.
Our inspector returned and despite a minor drip at the original repair and at the dishwasher drain hose, gave us the thumbs-up. He finished the septic system check..all working properly. We were ready to move on to appraisal! It was March 29. Two weeks left until April 15 closing date.
We paid for the appraisal March 30 online so it would be quickly scheduled. After three attempts to finish inspections, April 15 was starting to seem a lot closer!
April 5 was the scheduled date for the appraisal. It’s amazing how quick the days were starting to go by!
On Friday April 8th, we get the next stomach lurch on the short sale roller coaster ride. Good news, appraisal was $58,000 over agreed sale price. Yippee! Bad news, there’s no stove. The conversation with Rich, our Realtor, went something like this:
Rich: Appraiser says there’s no stove
Us: No kidding
Rich: The stove is required for an FHA loan
Us: Oh, so they worry that you’ll be able to heat up that rancid food you will have without a refrigerator?
Rich, Laughing: Exactly! All FHA requires is the stove in and working.
Of course, we knew the house had no appliances except a 1980’s built in dishwasher. We had been acquiring them over the last few weeks on a gamble that we really were going to close. But we hadn’t bought the stove yet.
So we went stove shopping. No point hauling some $30 stove clear out to our choice of Tijeras NM homes for sale, then replacing it in a few weeks. Monday, April 11th, the stove was installed. Appraiser signed off on it that afternoon. What’s next?
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.