Just When We Thought It Was All Over...

Just an update on the house... The sellers accepted our offer. We've been stoked. On Monday we had the home and termite inspections and signed the preliminary loan documents, and the last thing we've been waiting for is to be approved for PMI (loan insurance). Once we get that we're ready to move in! Our loan guy said it could take a while because of how quickly the seller is trying to flip this house. Companies aren't as quick to insure with house flips. So... we've just been waiting. The inspections came out great. Not much to fix.

But then all of a sudden.... bum, bum, bum....

(insert dramatic pit-in-your-stomach surprise music here)

The realtor called us tonight with the results from the appraisal. The appraisal came back $24K less than our offer. Eeeks! No wonder the sellers jumped on our offer! We are back to square one. I'm not sure where we go from here. I'm back to worrying (as usual). I don't want to buy a home that's not worth what we're paying for it and be stuck trying to sell it later for an impossible amount. But at the same time, I'm scared to lose the house to another buyer. Ugh. No fun. And I've totally been plastering pictures of this place all over Facebook telling people it's mine. I'm such a loser. I've been fantasizing about living there ever since we saw it. Yes, I'm being a drama queen.

Tomorrow morning we meet with our realtor at the house to sign an addendum to give us a 5 day extension to figure things out. Now that we're out of the inspection period, we run the risk of losing our $3,000 earnest deposit. So, that's where we're at. I guess we'll be working through what our next move is. Pray family and friends Pray! :) I've surrendered myself to the mantra: If it's meant to be it's meant to be. But I really hope it is!

House buying is such an emotional roller coaster!