Sometimes Closings Take the Longest Time
We knew when we negotiated with the bank to raise the extremely low appraisal estimate that we would risk delaying the closing, but I didn't realize how much! Now, we got a $14k advantage by doing the negotiations, so, the extra time it's taking is worth the wait, but not having any cash is a problem too.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
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