Sunday, November 15, 2009

Project: Walker’s Move to the Suburbs

I can not believe that it’s been over a month since I last blogged. Project Walker’s Move to the Suburbs has kept us extremely busy. Here is a quick overview of what’s been going on.

Labor Day Weekend: My father asked my sister, our Real Estate Agent, to show us this house he found (on his dial up connection) in Sandy Springs. So we went, and were so excited about its possibilities. Later that week, we put an offer on the house. Being a foreclosure, the bank was pretty nonchalant about the entire process and dragged it out hoping to get other offers.

September: We keep going back and forth with the bank, not knowing what our future held. We decide that no matter what happened with Nesbit Ferry (as we now refer to it), we would try to sell our house and take advantage of the buyers market.

October: Our house officially goes on the market, and is under contact six days later. To be fair, we did take a considerable loss but the new opportunity helped us bear the blow. Early October we found out the bank accepted our highest and best offer on Nesbit Ferry, and closed on October 27th. October 28th we found out that our house on Tilden ST appraised considerably lower than the contract price, and the buyer could not get financing.

November: The buyer went with a new lender and the house appraised for more than the contract price. A forty thousand dollar difference from one appraiser to another proves it’s not a concrete science. This was a huge answered prayer, as carrying both homes would have been stressful. Project Walker’s Move to the Suburbs is still a go!!!!! We’ve been renovating the home, and all going well ready to move in on November 20th, and close on our old house on November 30th. It’s been a huge emotional rollercoaster, but we know it will pay off in the long run.

Pictures soon to follow!!!!

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