|This is probably what you are thinking right now..|
|It was a little nerve wracking..|
We got a call back after LOTS of hassling - they seriously did not want to return a call! And they told us that the bid was really low and they wanted a contractor to bid it out. Okay..not really in the plans, but fine, if that is what you need, then sure, why not? We had a friend, who happens to be a contractor, bid it out and it was almost 30k more than our bid. Remember we are planning on basically doing everything but the foundation, framing, and drywall. So the big differences were labor cost. This made me nervous. I was not sure if we would be approved for that large of a loan. We were, but we needed to put down almost twice as much and we just didn't have the ability to do that. So we asked about just a land loan. I really didn't think much of this at all seeing how it was half of the land/construction loan we had been previously approved for. That Friday (2 weeks from closing) the loan officer called and said we were good to go, and she will draw up all the paperwork for Monday. Yay! We were out of the woods! Or so I thought...
We didn't hear from them Monday, but Tuesday came and they said we needed a cosigner. What?!? I called and said we could put down half the loan amount - didn't matter. We still needed a cosigner. I was seriously in shock and thinking, "How in the hell did we get here?!?" So Sam and I started thinking, who could co-sign? My parents were not an option, his were and my grandparents were. We approached my grandparents. They said of course! Awesome. I send over the paperwork for them to fill out and breathe a sigh of relief. The next day my grandfather calls and says he is not filling all this out and he will not provide a tax return. Seriously. He just was not comfortable giving all that info. My grandmother was upset because she really wanted to help us out, but there was not way around it. Here we are a week from closing, we have put thousands into this to get it rezoned and I just could NOT stomach the fact that we could lose this land! Back to the drawing board.
|Time to go back down the rollercoaster|
Any good house selling tips??