We got good news!

15 years ago

The buyers for our current home got loan commitment, and we can now schedule closing..probably before end of March. Timing couldn't be more perfect. The buyers will let us rent back the house until we get occupancy of the new home. And the appraisal came in $10,000 over our asking price! And rates have fallen, so we're hoping to lock in our rate.

I'm smiling today!!!

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Comments (5)

bevangel_i_h8_h0uzz
15 years ago
That's WONDERFUL news! So glad for you.
lavender_lass
15 years ago
Congratulations! :)
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nini804
15 years ago
Oh, I am so happy for you!!! What a relief to almost have the house sale behind you. I kept ticking off all of those milestones during our selling process last fall. I was so wound up by the day of closing I thought I would vomit on the table. ;) Hope some of your "falling rate" vibes will stick around til this summer when we can lock our permanent mortgage!
suzprince
15 years ago
Please send us some of your good luck and magic, Joyce, we have been trying to sell for 20 months now .. just no movement here in Aiken SC :(

Also, I would be very interested in more on your geothermal. We would like it but it may be too expensive for us.

And Congratulations!!!!
joyce_6333
Original Author
15 years ago
Elizabeth: don't be discouraged! Our house has been on the market for 25 months. It indeed was luck for us because we have the largest home in our little town, and the economy has not produced many qualified buyers. I think things are turning around a little bit. Hopefully it will bring good news your way.

I'm not very knowledgeable about our geothermal system, but will tell you what I do know from the estimate. It's a 5 ton dual fuel heat pump with in-floor heat, 100,000 btu backup furnace, closed loop five 5-ton vertical shafts. Price of $42,450 (less $12,735 Federal Tax Credit), also includes 105 gal water heater, humidifier, air filter, 30 gal buffer tank, touchscreen thermostats, etc, completely installed. Right in our bid it says 75% of the total energy is free and renewable with an estimated life of 250 years. We also receive a $1000 rebate from our local energy cooperative, a $250 rebate from the electrical company. And we're on a reduced electrical rate as well. In a year I hope I can come back to this forum and tell you all how much we love it.