The house appraised only 2K over asking price. Not the 13K more the buyers anticipated and offered (so their closing costs would be included in the loan via seller's assist).
I had this nagging feeling when we accepted the offer that there needed to be a provision spelled out in the event the house didn't appraise. There wasn't anything there, though, but thankfully we're negotiating. The buyers are motivated to buy and we obviously don't have any choice but sell it. It doesn't look like we won't break even, but we won't make much either. Sigh. We kind of knew this would probably happen, so we shouldn't complain. Selling is the most important thing after all and thousands of other people simply lost their houses, so we're not in such a bad position.
It was a too good to be true offer after all.
Vai dar tudo certo. Saw this verse on a friends blog today (http://tnquiltbug.blogspot.com/2010/05/pass-along-plants.html) and it reminded of you moving:
ReplyDelete"They will build houses and dwell in them; they will plant vineyards and eat their fruit. No longer will they build houses and other live in them, or plant and others eat. For as the days of a tree, so will be the days of my people; my chosen ones will long enjoy the works of their hands." Isaiah 65:21,22