The guy called this afternoon. The appraisal came in much higher than he expected, and quite a bit higher than even we anticipated. He offered to hold the note on an interest only loan with a balloon payment if we're still interested.
*snort* Funny. Of course, at the end of that period, we'll still have to get a mortgage for an amount we couldn't afford, so that doesn't exactly help, does it?
So. Ok. *sigh* This isn't going to happen. Zorak and I have talked. We're okay. He's okay. I'm okay. The housing market here is a little messed up, but that's okay, too.
I've been doing the math on many of these homes and comparative analysis. It's amazing. Homes in this area have appreciated over $4,000 per month, on average. (Some have gone up as much as $8300 a month in the last 18 months.) That just blows my mind.
And I am off to bury myself in the library. We'll see you after bedtime!
Kiss those babies!
~Dy
2 comments:
I'm so sorry Dy, I know you were hoping. :-( Remember, you are just being weaved and it doesn't make sense now but at the end, the final tapestry will be beautiful.
Hugs
Oh, poor Dy. A year to the day after we bought our home, it was worth $40,000 more than we bought it for. Isn't it amazing? It seems unreal..... especially when you put it into the monthly context like that.
Best of luck, hang in there- remember- that house wasn't meant to be- your perfect house is waiting for you. I am sure you will find it soon.
Hugs,
LB
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