House Crisis!

I have been putting off writing about this for a week, but now that I may have a solution to the problem I may as well get it off my chest. (I seem to treat my blog mostly as a diary) My husband and I are in danger of not being able to purchase the house we want to buy. It looked like everything was going really smoothly. We made an offer, the seller made a counter offer, we accepted. The seller agreed to pay the closing costs. The inspection went without a hitch. Then the appraisal…. (cue dramatic music)

The VA appraiser came in and said that the house is worth 25,000 less than the price we and the seller agreed upon. Eegad! Now the seller is super upset and wants to back out of the deal. Our realtor and mortgage consultant are trying to get the appraisor to reassess the value of the property, but she won’t. Says the house is “average.” The entire thing is very frustrating. So we have been scrambling trying to come up with extra money to cover what we need for a down payment. I’m hoping that an account I opened years ago and forgot about will do the trick. I was dumping money into it for years, and hopefully it will be enough for us to be able to buy the house. Tomorrow I will be making a lot of phone calls and trying to pull strings.

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