*disclaimer: if you are tired of reading about the house drama surrounding our move, move on. Nothing but ridiculous drama below. Venting and drama.*
I believe in karma. I believe things happen for a reason. As my friend Tracey put it, I want to punch people when they say that but it's true. Things happen for a reason.
Here's the deal. We bought a house. A good house in a neighborhood we love. Love. I am already in playgroups and have a school picked out and we are going to a luau at the end of the month. Or I was and we were.
The house appraised lower than the purchase price. Now. Before I go on let me remind you, we now live in Florida. And if you know one iota about the housing market, Florida is bad. Really bad. A 'buyers' market. We thought.
So. Appraisal comes in lower than purchase price. Ok. Well, that's not our fault, it is what it is. We asked the sellers to lower the purchase price to the appraised value and we can move on. They said no. They keep saying no. They want to spend two weeks we don't have fighting the appraisal. Let me give you the figures on that. Our lender says in the last two months, he has had 20 appraisals appealed. ZERO appraisals have been amended aft the two to three week appeal process.
So. Its two to three weeks we don't have first of all. Second of all, please remind me why in the hell I would ask to pay more for this house? Third of all, I am sorry that you paid so much for this house and are going to lose money. It's not my problem.
A little history on these mystery cheap-o's. They are both surgeons. Like as in DOCTORS. They are getting divorced and hate each other and this is likely the last asset they have together. Who in their right mind wouldn't suck it up, write a check and move on with their life? I do not understand. At all. And to be clear, the house didn't appraise for 100k less than we were going to pay. It's not that much less, especially for a surgeon. But you won't find us opening our checkbooks and paying more than a house is worth. Find some other suckers.
So. At noon today our cancellation contract goes into effect. And we move on. I am sad about the neighborhood and the house. And about having to go back to house hunting. We are looking at renting too. We only have a matter of weeks to get out of this apartment and move on with our real life.
So. There you go. We will walk away. They will put the house back on the market for another six months and easily spend in mortgage payments the difference between the appraised value and the sale price.
Seems like a no brainer to me.
So there you have it. The drama and ridiculousness of it all.
Maybe the third time will be the charm.
The Best part? Karma is a bitch. And they are going to learn that the hard way.