April 7, 2013

It's official . . . we are in contract!

Well, it's official.  Our house is in contract.  Two days after listing our For Sale by Owner MLS we had two offers.  Two days after that . . . we had a contract with a pre-approved financing letter accompanying it.  The buyer plans to finance the house with an FHA loan, but that made us wonder 1) how long will this process take 2) what sort of updates will we be required to do to meet Federal Housing Authorities guidelines and 3) what will the appraisal value be in comparison with our contracted price?  But today we got the news; 1) we don't have to fix a thing . . . and 2) the appraisal value was approved!  Now . . . to get everything packed and ready to be out of the house in 3 weeks.  This whole process went much faster than we anticipated.

In the meantime, I am getting my inventory together for the Spring Rural Society Sale in Mt. Vernon, Ohio.  I love this sweet little working farm . . . plan to attend on Friday, May 3 and Saturday May 4th.

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