Buying frustration

tricia560May 28, 2010

I vaguely knew what we were in for, since my parents bought multiple houses during my childhood, but this is our first house purchase, and it's soooo very frustrating. We're doing a VA loan, so we had to wait for a VA appraiser to go out (that took a full 2 weeks), he found issues that he noted for repair. They were things we were fully expecting to fix during our first year of ownership, so not a surprise, really.

The sellers were great about getting everything done, but now we're waiting again for the appraiser to go back out and sign off. He was there yesterday for 5 minutes to take pictures, but still no addendum. Do you think the short visit is a good sign? We just want sign off so we can close by June 30. My dread is that he'll want more repairs. It's friday before a long weekend, and I just want to know already, lol

Guess I'm venting a bit, but I would like to know if the appraisal is always this frustrating? I bet the sellers feel the exact same way...

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Carol_from_ny

EVERYTHING about buying a house seems to take longer than it should and I'm a veteran at it.
You've got almost an entire month of frustration in front of you. Put your energies into organizing your move. It will help past the time and make life on the other side of June 30th much easier.

The chances are pretty good all work on your paper work stopped around 3 this afternoon and won't resume till Tues. sometime. Forget about the house and enjoy the weekend.

    Bookmark   May 28, 2010 at 8:18PM
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topkicker

Sounds good that he was there for only five minutes. Doesn't sound like he stuck around to dig up more stuff. So it does sound like a good sign.

Time will pass at a snails pace just hang in there you will be in your new home before you know it!

Happy Memorial Day!!!!

    Bookmark   May 29, 2010 at 1:41AM
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Billl

Just remember this frustration now and put it to good use later. Start putting money aside now for your next home. Sounds crazy now, but when you come to the table with a wad of cash, things tend to go so much smoother than when you have to deal with government programs to finance everything. The VA loan program helps a lot of young people get their first homes, but like any government program, there are a lot of hoops to jump through. eg a standard appraisal would take maybe 3 days, not 3 weeks+.

BTW - thank you to you (or your spouse) for your service.

    Bookmark   June 1, 2010 at 9:28AM
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tricia560

Thanks for the good thoughts guys!! We JUST heard, the appraiser approved the fixes. The sellers are packing, the money guy has things moving, and we may just barely squeak into closing on Friday. I'm so excited!

Bill-my husband is the vet. My parents are also veterans--Dad 20+ years, Mom 8. I appreciate the VA program for the help it's giving us and has given my parents, but we definitely plan to have a sizable deposit on hand if we do this again!

    Bookmark   June 1, 2010 at 1:55PM
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