What a week! Not sure whether to laugh or cry. So the house we put an offer on in Centerville is most likely not going to pan out. The lender called us on Monday to inform us that we had to carry flood insurance, because this home was in a flood plain. At no time during this process, was it disclosed to us that we were required to carry flood insurance. Flood insurance---$141 per month (not including homeowners insurance). Thats right, $1700 per year. This completely defeated our purpose of trying to stay within a certain budget. With our repairs addendum, we submitted a much lower offer to off set the cost of the insurance, but the sellers are more then likely not going to accept it.
We waited for a month so the sellers could find a place in St. George, which put us way behind schedule of finding another place in order to close by November 30. Our lender said we would have to have another house under contract no later than this Friday in order to have funding go through by the end of November. We looked at houses with my brother last night in Woods Cross, which around here is not considred the best place to live, but we think the neighborhood looks like a good, family oriented area. The houses are smaller but newer. I am still not ready to make a decision. Hopefully, we will come to conclusions soon. Maybe we will wait.
5 comments:
That sucks! I swear, looking for houses, the ups and downs, is the most stressful thing in the world!
I know of some sweet deals by us. I'll even give you a commuter car (can you say 40 mpg?) Come on!
I am sorry, that realy stinks. I saw the picture, it is a cute house. Hopeful an awesome house will show up quickly. Good luck.
I got to hate shopping for homes. It becomes a headache.
How frustrating! Hope you find something soon that you all will love.
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