House buying woes......

As some of you may know we've been having problems with the house we are wanting to buy. It appraised for $5,000 less than what we are buying it for.
1) We aren't buying a house for more than it's worth. That's just stupid.
2) The bank won't loan you anymore than what it appraises for which would mean we would have to dip into our savings. Again stupid. I like having a cushion.

So the owner of the house took a gamble and paid for another appraisel. Well the 2nd appraisel came back even lower!!! Ha Ha!! About $8,500 less than what we were buying it for. The owner doesn't want to come down any lower. He offered to have us pay the 1st appraisel amount plus his closing costs.

We have looked at 2 other houses in town.

House #1 Needs alot of work. Love the neighborhood and neighbors. Has a nice yard, back porch, and pool. Love how the rooms are set up.

House #2 Friends of ours own it and are thinking of moving out of state. LOVE IT!!! 7 acres, brand spanking new house, 2 ponds, in the country but not to far out of town. They just have to see how much they could sell it for and then they said they would drop the price for a quick sale. I HOPE HOPE HOPE it's in our price range. I would love to have their house!

Regardless of what we do we are going to be homeless in mid July because we have sold our house. :( We will find somewhere to live! Dan's parents have offered for us to become roomies.


The joys of buying a house....