We're not buying that big old house after all.
We had a "butt nugget", as Clinton says, of an appraiser who denied our application because he doesn't share our open-minded creative outlook about downtown Durham revitalization. I think it is super weird that you can have awesome credit but get denied simply because you want to live in a really old house in a sketchy neighborhood. Isn't that how one makes the world a better place?! *Be* the change you want to see, right?!
We could appeal the appraiser's decision with the Department of Veterans Affairs but decided that this possibly 6 month+ process would be mind-meltingly frustrating.
We are sad but okay with the turn of events.
NEXT STEPS: We're taking the winter off the house-hunting endeavors (to rest, thank GOD) but will be back at it after the holidays! Look out Durham, here we come!
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I'm sorry it didn't work out for you guys. I was really rooting for you. It sounded like a great adventure. :(
ReplyDelete--Shane
We had that happen with our big house when we went to convert the construction loan after the market tanked. In the end, we had to basically deplete our savings account to do things to the house for the appraiser to agree to the value.
ReplyDeleteNo worries. Come three blocks east...