So while packing I discovered we have 80 bottles of wine and 40 wine glasses.
Does this make us compulsive hoarders or alcoholics?
Wednesday, August 12, 2009
Home Buying, Part One
So we are thiiiiiis close to buying a house (just picture my fingers really close to each other). We're pretty much all set except for one little hickup. The sellers of the house we're buying are working with a relocation company. That's great but our underwriter needs to know the real relationship between the seller and relocation company to make sure that the seller didn't sell the house to the Reloc company and then have them sell it to us. This would require a second FHA appraisal of the house (at the low low price of $500), and push back our close date a week or two.
So the underwriter said that if the seller provides some documentation outlining their relationship, the second appraisal might not be necessary. So she tells this to our mortgage broker, who passes it along to our realtor, who then tells it to the listing agent, who then tells the relocation company who I guess told the seller. So they get the information (well they get something that they think will be sufficient) and then pass it to the listing agent -> realtor -> mortgage broker -> underwriter who then sits on it for the past five days.
Five agonizing days.
Granted, things could be worse. I have heard way worse horror stories about buying a house and basically being jerked around for weeks on end. I blame the fact that there are like a dozen people involved and they all play a game of telephone trying to get us a house. I can buy a $200,000 car with a signature and an exchange of a pink slip but to buy a house I have to have a loan person, realtor, title person, escrow agent, appraisor, home inspector, and I'm sure there are another half a dozen people getting their share of the home sale.
But we're almost done, we should have our keys soon, and then we'll get our $8k from the government for being first time home buyers!
So the underwriter said that if the seller provides some documentation outlining their relationship, the second appraisal might not be necessary. So she tells this to our mortgage broker, who passes it along to our realtor, who then tells it to the listing agent, who then tells the relocation company who I guess told the seller. So they get the information (well they get something that they think will be sufficient) and then pass it to the listing agent -> realtor -> mortgage broker -> underwriter who then sits on it for the past five days.
Five agonizing days.
Granted, things could be worse. I have heard way worse horror stories about buying a house and basically being jerked around for weeks on end. I blame the fact that there are like a dozen people involved and they all play a game of telephone trying to get us a house. I can buy a $200,000 car with a signature and an exchange of a pink slip but to buy a house I have to have a loan person, realtor, title person, escrow agent, appraisor, home inspector, and I'm sure there are another half a dozen people getting their share of the home sale.
But we're almost done, we should have our keys soon, and then we'll get our $8k from the government for being first time home buyers!
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