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I haven’t written anything on our prospective home purchase since pre-offer, but we have good news.

First off, the details of the purchase:
The home we were bidding on originally sat on 10 wooded acres. Prior to putting it on the market, the owners had two 2 acre plats chopped off to sell separately. The property is on the end of a cul-de-sac with a wonderful, secluded feel, but the corner of one of those plats was visible from the back porch and we worried that someone might build on the hill behind us effectively destroying the sense of isolation we loved so much about the home. We had decided we wouldn’t worry so much about the second plat, but we came to the conclusion that it would be a deal-breaker if we could not purchase the home and the one potentially offending property. As I wrote previously, we felt both the home and the lots were over-listed.

The good news is: Although as suspected our first offer was indeed declined, our counter was accepted, and we will be closing on the 17th! Despite the fact that the owners had another offer on the table for the home only which was slightly higher than our original offer for all three lots, and the fact that we weren’t willing to offer anywhere near this on just the home on 6 acres, they really wanted to sell the whole package. Thus, we were able to come to an agreement for the home on all 10 acres of land for a price that was slightly above our comfort range, but that we were pleased with. This is no foreclosure, after all.

From House

But, the news gets better! We just got our appraisal back, and it came in a little over $35,000 OVER what we paid… and the appraiser mentioned that had the lots been considered separately, the value would have been even greater. Woot for instant equity! With low closing costs and great interest rates we’re feeling really good about this purchase. Even doing it at a time when it is a risk for us, we feel like we’ve made a good investment not only in our happiness, but in our future.

Now to figure out what the heck to do with all that acreage. We are discussing a cult/compound. Suggestions for wacky ideology and a source for underage girls welcome. I wonder if we can convince anyone we are a potentially violent sect of The Church of the Flying Spaghetti Monster.