Oh So Very Close....

Whew! There is a huge sign of relief echoing around our household right now. We got the home appraisal back yesterday, and this time we didn't get screwed! It came back with only $100 to spare, but that is good enough for us. Having that done is like a huge weight has been lifted off us.

Since we are pushing the dates on the contract pretty hard at this point, I called Dave Haack at Haack Homestead and scheduled the inspection for this morning. He had a cancellation so the timing worked out great. I met Dave at 8:30AM since I wanted to be there for the inspection, and also to take a few more measurements for the upcoming basement construction project.

Dave is a super nice guy and appeared to do a very thorough inspection. I debated whether or not I wanted to shell out another $355 for the inspection, but like most people, I sure am glad that I did.

Within 15 minutes he had found a substantial, but easily correctable, problem. Water had gotten under the shingles in the back of the house, over a soffit. The plywood underneath had rotted and was destroyed. Since this is over a soffit, no water got into the house and no interior damage was done. There is extra plywood and shingles in the garage, so a repair should not cost too much, just a little time. We are asking the seller to have this repair made. Her son built the house, so he will likely be the one making the fix.

The other problem Dave found was that the window frames in the basement windows had rotted to the point they are falling apart. These are near the ground and protected from sunlight by tree's, so in all likelihood snow built up there and the moisture could not evaporate. The windows themselves are fine, just the frames need repaired or replaced. We are also asking the seller to fix this, though even this should not be an expensive repair.

Overall the house is in excellent condition. Even the air conditioner was so clean you could eat off it, no dust or anything. Dave was surprised at that, he thinks the owner must have had yearly maintenance performed on all of the mechanicals because they were so clean and well maintained.

I had found a place in the vinyl siding where there was a hole and had planned to fix it myself. I was pleased to locate several long sections of siding still in the home, so making a near perfect match will be easy. Dave even mentioned that I should take an existing piece from a not-so-visible place on the house and use it to replace the broken piece, and then put the new piece where the old one was. The older aged piece will match exactly. After he said it, it made perfect sense, but I had not thought about that before.

So, back in the basement I figured out that my original plan for my office didn't work, the placement of the door just would not go where I planned it. That is no biggie, I already had a backup plan in mind, so will have to go with that. On the plus side, there is more already framed and insulated than I had planned, so there will be even less materials that I have to buy.

iFreedom Direct's underwriter only came back with 2 conditions for final loan approval. The first was some document that we signed but was missing, they are getting that from our Realtor. The second is proof of funds for closing. Nobody yet knows the real final closing costs, but are hoping to be able to calculate that pretty accurately in the next day or two so that we can submit our proof of funds for closing and get this baby sealed up.

It really looks like this is going to happen! I cannot say enough nice things about our mortgage broker, Jules Stewart at iFreedom Direct. She has been absolutely wonderful to work with. She's professional when she needs to be, and friendly and goofy at times when things get crazy. She always calls me when she says she will, and often times when she doesn't. She responds quickly to her emails and actually answers her phone when I call her. I highly recommend anyone considering either an FHA or VA mortgage to give her a call (800.891.5785 x6624 or 801.682.9907).

She is like the Anti-Jon Barca at RLCA. As crappy as he is, she is that on the good side. Ok, bashing of RLCA, Jon Barca, and Lynette Richter is done. Poof, you are out of my life :)