House #17: Ready To Close

May 13, 2010 · 0 comments

Looks like everything went as smoothly as we could have imagined (so far) for the sale of The Escher House

We completed two appraisals last week, and were pleasantly surprised when they came back at $180K and $185K, given the $175K sale price (these days, appraisals generally come within $1K of the sale price if you’re lucky). We completed all of the repairs and fixes the buyers requested based on their inspection, including a broken main water line that ended up being a much easier fix (and much less expensive) than we had thought. And it appears the underwriter has everything he needs from us to move forward.

Underwriting is still waiting for a couple minor things to be submitted by the buyer (a gift letter for their downpayment funds they’re getting from their parents) and having a previous lender wipe away an open file from a previous offer they had made, but once those things are taken care of, we should have a clear to close.

We’re scheduled to close next Thursday, which gives us enough time to move the furniture out, install the shelving the closets (as we promised the buyers) and get our hardwood guy to throw on a final coat of polyurethane on the new floors…

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