Thursday, May 28, 2009

The Buying Process, Part III

this is the third installment that is following a transaction currently in process with one of our sellers and our buyer. scroll down to older posts to get the full story.

The property appraisal established the value just above purchase price, so the bank is moving forward! The results of the required point of sale septic inspection were good as well. It's a non traditional system, but seems to be functioning well and the county signed off. The results of the water test should be in soon. The seller and buyer are going to sit down together before closing to talk a bit about the history of the cabin and any odd details that need to be conveyed. It's great to have two parties who are both very kind and are interested in not just buying a piece of land, but carrying on the tradition of stewardship of a great property! Looking forward to close in a few weeks pending any unforeseen problems with the title work or lending process.

No comments: