Appraisal

March 1st, 2008

Appraisal came in today!

I’ve been nervous about the appraisal, especially with that the house is looking kind of shabby. But good news, the property appraised for much more than the purchase price. Hooray!

So what does that mean? I know it can be really bad if a house appraises for less than the purchase price and loan amount…but what if its higher? Is it just the bank who is happy since the loan is covered?

I’ve got a new stack of forms to sign and fax. Then maybe I can focus on getting together some ideas for refinishing those hardwood floors…

Termite Report

February 29th, 2008

Termite report came in and big surprise – the cinder block is not infested with termites.
The garage has some “soft wood” which I thought was typically a problem seen in the bedroom…
wah wah.

The REO bank (seller) is having the strip of soft wood replaced by the termite company, and I guess we do nothing. There was money allocated in the contract for potential termite damage – so hooray again for REO properties and foreclosure. I feel like we’ve done almost nothing but wait. No crazy faxing, no tax returns from 5 years ago, no blood sacrifices to the sub-prime gods.

Now just give me the keys.

Driveway

February 28th, 2008

We need a driveway.


Oh, and landscaping.

The muddy pit is just not
trés magnific. Most the people I approach (or annoy) with never-ending house questions point to gravel (its cheap, its easy, its fantastic), I’m leaning towards something like this:


(via: desire to inspire)

I love the slabs of floating concrete with the grass running through them (as well as the lovely cement walkway). While the above house is much nicer and more mid century than ours, I think something along these lines might be workable for the extrodinarily long driveway.

Something about an all gravel driveway seems so rural to me…like super hill-billy style. Texas tea, gingham, and chickens running around kind of vibe. There will most likely be a lot of gravel around in the planters and along paths, but used as an accent as opposed to a feature. Like this:


(via: desire to inspire)

We will be attempting to put in a gate somewhere along the driveway for privacy and the illusion of security. Something with nice horizontal slats of wood like the deck pictured above. Simple, minimal, clean lines without any hill-billyness. The house looks pitiful enough with its cinder block walls and foreclosure landscape, theres no need to add to the problem.