Buying a new home is never a simple process and never goes as smoothly as it seems like it should. It all seemed to be going along smoothly right up until a few weeks before we were ready to close. We had already packed most of our belongings and stored them away. We would only take up what we absolutely needed at first and then come back every few weeks to get another carload of stuff only if we felt we needed it. The goal was to develop a new lifestyle where we only kept the stuff we needed and used. It was a good opportunity to unload 3 bookshelves full of books we’d already read, get rid of clothes that reminded us of our youth, and the multitude of dust-collecting nick-knacks we had collected over the years.
Closing was scheduled for the first day of August. With just one month to go we began scheduling our utilities to be shut off in Pittsburgh and turned on at the new place in Vermont. When we called the cable company to get hi-speed internet we were told that they could not schedule the new installation until the existing customers set a shut-off date and they were scheduling installations two weeks in advance. We sent a reminder to the seller’s agent to tell the current homeowners they needed to schedule their service to be shut off so we could get hi-speed internet set up. From the day we moved we would both be working from home via the internet so it was essential that this be available from the day we moved in.
For whatever reason the sellers did not respond to multiple requests we sent them until it was too late to schedule new service until two weeks after our scheduled closing date. When we alerted the realtors that we would need to reschedule closing that got the homeowners to call the cable company and shut off the service right away. Nevertheless, we had to reschedule closing for a week later at this point which was very disappointing as we were just very eager to get up there and start our new lives. With some sadness we rescheduled closing for August 9.
Unfortunately, that turned out to be just the first of a series of issues that would cause even more delays. A company was hired to go out and do an appraisal and submit that for the closing documents. That document needed to be received five days prior to closing in order to be reviewed by everyone involved. Everyone was anxiously awaiting the appraisal as that was the only thing holding up processing the mortgage at this point. The last thing the appraiser said to the realtor was that she would get the appraisal completed before she went on vacation. Then nobody heard from her for over a week so we determined that she did not, in fact, complete the appraisal before she left for vacation.
So they ordered a rush appraisal to be done in hopes we would still be able to close on August 9. However, it seems that because this appraisal was done in a rush there were more than a few errors and inconsistencies on the appraisal and the value came in $11,000 less than what we had offered to pay for the house. In fact, it was $20,000 less than the current tax assessment for the property.
The title company found several problems with the appraisal and we were told there would be more delays and we would need to get a new appraisal done and closing would be moved way out. This was really upsetting as we were already living out of suitcases, had scheduled the utilities to be shut off at the house in Pittsburgh already and just were not sure how we would be able to work or where we would be living if there were a major delay.
Somehow the realtors managed to talk the sellers into lowering the offer by $6,000 just so we could proceed as planned. They adjusted the appraisal up $5,000 to make up the difference. We were shocked and excited by this but it was still not clear if we could get all of the adjusted documentes submitted on time.
By the end of the day we had to move the closing date to August 12. We were disappointed again although pretty happy to be saving $6,000 at the same time. Got a new closing time at 11am on August 12 so we would be moving in hopefully by noon that day.
Today we got a call from our realtor, Victoria. There was yet another problem and the sellers realtor was not able to get all of their paperwork done on time. Before we went into panic Victoria suggested that she would be able to get us the keys so we could just go ahead and move in on Monday as planned and might not have closing until the next Friday.
So we have made plans to drive up to New York on Sunday and then get to Vermont on Monday morning. We are hoping that we have a place to stay when we get there but already trying to figure out what to do if we find ourselves homeless in the Green Mountain State.