Wednesday, May 19, 2010

Good News!

It turns out there is a way to get around the comps issue, but it isn't the way everyone was telling me to do it. There is a particular real estate agent in our neighborhood who knows how to make these deals go through even when there haven't been sales of comparable nearby homes for the appraiser to use as a basis of value.

I don't know if I can still get the conventional loan in time, and I'm frustrated that I might lose out on my sweet 5% interest rate, but the home purchase will go forward, regardless. I've made inquiries to two lenders, and if neither can come through for me in the time remaining, I'll sign directly with the owner and refinance as soon as I have the money, enlisting the services of the savvy real estate agent on a contract basis. If no major expenses come up, I'll be ready to refinance by next year. If some big expense does come up, I can rent out my garage apartment (bye, workout studio!) and be ready to refinance in two years.

As an extra bonus of good news, we've secured a bunny-savvy house-sitter for while we're on vacation! Cadbury hasn't indicated whether or not he's disappointed that he won't be spending two weeks at the vet spa this year, but something tells me he's going to be much happier in his own home. As will Dan and I, once we've signed this deal.

7 comments:

Lisa said...

That is wonderful, Bunnygirl, I'm SO happy for you!!!

I think most buns would prefer to stay in their own home, just based on the simple fact that buns really like to keep their routine and the status quo. I'm so happy I found my bunsitter. She's a licensed small animal vet tech, she spends a little time with the buns each day, and she is perfectly to send me text messages each day I'm away so I don't worry about them (as much).

Glenna said...

Yay! Most excellent news on all fronts.

RoadBunner said...

Binkies all around!!!

I agree Cadbury will be very pleased!

Leah J. Utas said...

I'm glad to hear it. Yay!

Rabbits' Guy said...

Whoop de doo! You hear that? People text their bunnies everyday when they are away? Are they sicko or what? (We only call - and only every other day at that.)

Michele said...

WOW. A real estate agent who is actually useful. That's mean, I know, and I'm sorry for any offense caused, but they earn so much money (at least in California) and very often (in my experience) don't have the knowledge or expertise to deserve their oversize commissions. So good for you for finding one who can help you so much. Fingers crossed for you and Dan that all goes well and you will soon be living in your own house.

Thomma Lyn said...

YIPPEE! Excellent news. I'm relieved for you and Dan and Cadbury! :)