What a couple of days.
We made an offer. The seller made a counter offer. We made a counter offer. The seller agreed to to our offer, but made a change in the contract to split part of the closing costs. We didn’t know how much this was until today (Monday) and it turns out our half would not exceed $90.00. For this we needed a new contract? Given the new information we signed the dotted line. Closing is tentatively set for September 14, depending on how fast the bank can process our loan application.
What a relief! Now our planning can start “for real.”
Speaking of loan applications…
It has been a while since we went through the process, but it doesn’t seem to us that a loan app should be so involved. Much of the application is boiler plate as we are only buying land, but still we need pay stubs, tax returns, lists of assets (short!) and list of liabilities. We had been pre-approved but the bank (actually a credit union) could not “officially” process the paperwork until we had a signed contract. All this stuff is available through a credit report so I guess it is just a matter of the bank seeing how honest we are in filling out the forms.
Now we submit our paperwork and wait. I am off today but will take everything in tomorrow to make copies before I mail off the originals.
Happy birthday to me!
That’s it for now. Thanks for looking in!
And, Happy Anniversary to the both of you (tomorrow – 10th).
38 years — have we really been around that long?
Congratulations on offer accepted! When I refinanced my house I had to provide printed paycheck stubs when I, in fact, thought 2011’s W2 form would work fun fine. Guess not. Sheesh. Hoops to jump through for sure.
Soooo… after financing, things are gonna get exciting, huh? Do you have phase I plans to start yet this fall? Are you going to buy Pam a new chainsaw? Will you purchase oxygen tanks to recover from the thin air? (That was a bad joke, I know)
Seriously though, what’s next?
oops – JUST fine
and HAPPY ANNIVERSARY tomorrow! I think I will need to find my yellow ginham dress and wear it all day long. Errr… perhaps just the “cape” would fit though.
Hope you and Pam celebrate!
CONGRATULATIONS!!!!!!
SO EXCITED for you guys and cannot wait to watch the whole process through your blog 🙂
how fun!!!
HAPPY be-lated BIRTHDAY
and looks like anniversary too! :):)