I tried to post this earlier (as I did for a few posts over the past few weeks but they never posted).
So on Wednesday we received the appraisal report (where they send an inspector and tell you how much they estimate your house is worth) for our house. Gulp. Matt and I were hoping to break even on the sale, that at least the house is worth what we paid for. Well it's not. No my friends, it is 101K over what we paid for it. Can you believe that?! I honestly haven't thought about what that means except that if that stays, in 10 years or so when we decide to move and sell this house, it will pay off.
In the appraisal report, there was a pretty handy little building sketch of the layout of our house and the dimensions of it.
The guest house adds 342 square feet bringing our total living space to 1656. However, we're really only going to be occupying the 1314 square feet since it looks like we're going to have tenants starting in March. We're very relieved it's gonna take the pressure off the mortgage payment while we adjust.
Speaking of money (don't we love talking about that, not), did you know that in order to be approved for the house Matthew and I had to promise to pay off our student loans? Thankfully we've been very diligent about paying them down over the past 8 years (have I been out of college that long?) and it's a manageable amount now so before we move into our house and acquire a mortgage payment, we will be: debt free. Pretty blessed for being able to say that in this day and age.
As you can see it is February and we have not yet signed loan documents. We had to extend the closing date a little but hopefully we'll be signing loan documents by Wednesday and have it closed and recorded by either the end of the week or the beginning of the week of the 11th. We're pushing the move-in date to my birthday weekend which I can't decide if it's a bummer or pretty damn awesome to be getting a HOUSE for my 31st birthday.
Oh come on, it's pretty damn awesome.
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