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…




