Bad timing
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Closing rescheduled for Friday, which may or may not screw all our plans for moving stuff in on Friday. Depending on how lenient the builder would like to be with allowing a buyer to do stuff with the house before the close.
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wrote on 28 Sept 2022, 15:53 last edited by
Makes for an exciting game of chicken on that 1%.
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wrote on 28 Sept 2022, 16:02 last edited by
I rescheduled the move for Monday. Now we wait to see if the appraiser changes his mind, and we can close Friday. If he doesn’t, the builder is still in the drivers seat with our abnormally large amount of earnest money and no contingencies. And the salesperson is off in her own righteous reality where she believes the price drop she has already allowed is generous to a fault. Never mind the appraisal that was lower. It’s just an absurd appraisal, according to her.
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I rescheduled the move for Monday. Now we wait to see if the appraiser changes his mind, and we can close Friday. If he doesn’t, the builder is still in the drivers seat with our abnormally large amount of earnest money and no contingencies. And the salesperson is off in her own righteous reality where she believes the price drop she has already allowed is generous to a fault. Never mind the appraisal that was lower. It’s just an absurd appraisal, according to her.
wrote on 28 Sept 2022, 16:18 last edited by@Horace She sure likes exaggeration. Absurd would be like $300,000 low. Just as I'm sure any lower offer she's heard of in the past was "insulting". Insulting would be "I offer you $100, which you should recognize because it came from your mother last night!"
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@Horace She sure likes exaggeration. Absurd would be like $300,000 low. Just as I'm sure any lower offer she's heard of in the past was "insulting". Insulting would be "I offer you $100, which you should recognize because it came from your mother last night!"
wrote on 28 Sept 2022, 17:02 last edited by@89th said in Bad timing:
@Horace She sure likes exaggeration. Absurd would be like $300,000 low. Just as I'm sure any lower offer she's heard of in the past was "insulting". Insulting would be "I offer you $100, which you should recognize because it came from your mother last night!"
Stealing that one for use in future negotiations. Thanks.
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wrote on 28 Sept 2022, 17:13 last edited by
@jon-nyc said in Bad timing:
Makes for an exciting game of chicken on that 1%.
The wild card is that my wife doesn't like the house to begin with. The builder and our agent don't truly understand how precarious this deal is, even given the earnest money is at peril.
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wrote on 28 Sept 2022, 17:52 last edited by
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wrote on 28 Sept 2022, 19:18 last edited by
@George-K said in Bad timing:
Link to video
It's all good no matter what happens. If we walk away rather than make a small financial sacrifice, I score points and she is happy that the horizon is clear to pursue her dream house. If the appraisal is adjusted, we go forward with the current deal. If the agent and builder chip in to make up the 1% difference with the current appraisal, we got a slightly better deal and she feels like she won this small battle with the builder.
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@George-K said in Bad timing:
Link to video
It's all good no matter what happens. If we walk away rather than make a small financial sacrifice, I score points and she is happy that the horizon is clear to pursue her dream house. If the appraisal is adjusted, we go forward with the current deal. If the agent and builder chip in to make up the 1% difference with the current appraisal, we got a slightly better deal and she feels like she won this small battle with the builder.
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wrote on 30 Sept 2022, 15:07 last edited by
@89th said in Bad timing:
@Horace I require 1x updates today
Me too. I’m just waiting in fascination at the lack of updates from the builder. Close is scheduled for 5 hours from now. Lacking further updates, I will bring a cashiers check which will be insufficient by the 1% at play. I expect an update within the next few hours though.
Update as I wrote this, the builder salesperson is confident the appraisal will be raised. She says the dirty Puerto Rican appraiser was late and did a bad job but his supervisor is cooperative.
So that sucks for us. It means we sacrificed our moving weekend plans just to allow the builder to charge us more.
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@89th said in Bad timing:
@Horace I require 1x updates today
Me too. I’m just waiting in fascination at the lack of updates from the builder. Close is scheduled for 5 hours from now. Lacking further updates, I will bring a cashiers check which will be insufficient by the 1% at play. I expect an update within the next few hours though.
Update as I wrote this, the builder salesperson is confident the appraisal will be raised. She says the dirty Puerto Rican appraiser was late and did a bad job but his supervisor is cooperative.
So that sucks for us. It means we sacrificed our moving weekend plans just to allow the builder to charge us more.
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wrote on 1 Oct 2022, 00:00 last edited by
Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
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Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
wrote on 1 Oct 2022, 00:45 last edited by@Horace said in Bad timing:
Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
At long last, our national nightmare is over.
Now, all you have to do is convince the spousal unit that the place will be OK.
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@Horace said in Bad timing:
Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
At long last, our national nightmare is over.
Now, all you have to do is convince the spousal unit that the place will be OK.
wrote on 1 Oct 2022, 00:53 last edited by@George-K said in Bad timing:
@Horace said in Bad timing:
Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
At long last, our national nightmare is over.
Now, all you have to do is convince the spousal unit that the place will be OK.
Have to wait this one out. For now it’s my job to share in some sadness.
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wrote on 1 Oct 2022, 01:15 last edited by
Now, it's all easy.
Just move in.
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wrote on 1 Oct 2022, 01:49 last edited by
Now, you have many life altering changes to go through.
- Gig 'em, Aggies! or Hook 'em, Horns!. Or maybe somebody else...Everybody in Texas has a college team they root for.
- Guns. Well...You did move to Texas.
- Barbeque joint. Everybody has a favorite.
- Boots. Not everybody wears them, but a lot of folks do. If fitted well, very comfortable.
- Wranglers or Levis? Cowboys wear Wranglers.
- Pickup. Well...You did move to Texas. Pickup brand arguments can approach the intensity of favorite college team, gun, or barbeque joint.
- Texas Two-step. Worth learning.
Have fun.
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Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
wrote on 1 Oct 2022, 11:36 last edited by@Horace said in Bad timing:
Closed this afternoon. Appraisal was raised to exactly our contract price. What a coincidence.
Congratulations, Horace. I hope the new place and location work out really well for you.
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wrote on 1 Oct 2022, 13:09 last edited by
Thanks. It's a beautiful house and we will both like it. Also we got a nice surprise that it will be taxed as an "improvement" rather than a "house" until next year. That'll save 20% of the monthly payment, till january.
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wrote on 1 Oct 2022, 13:14 last edited by
If you feel like it, care to share some photos?
How're y'all likin' Texas so far?