Monday, November 2, 2009
Chris's New House
Wow! This deal was insane! Chris looked at about 40-50 homes before he found this beauty. Then after we got it under contract the silly appraiser couldn't get the value to come in. He insisted on using a property that was in a distressed situation that sold for less than most homes in the area. It was the nicest home by far that we saw and we felt like the value was there (after seeing 40-50 homes in this price range you just know the values). But that's not the worst part! The appriaser made a note on the appraisal that there was a possible crack in the foundation. We had to pay an engineer $400.00 to go out to the property to certify that it was ok and not a problem. The engineer laughed when he went to the property because the crack was on the outside cosmetic covering that was on top of the foundation. Duh! What a waste of $400. Oh, well Chris now has a gorgeous home!
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