We’re ON!
On Friday, we went and talked to the bank to see how much mortgage we could afford, to try to get an idea of what the properties are worth, and to try to get an idea of just how complicated this property transfer is going to be.
When all is said and done, the bank said we could work the trade out however we wanted to, as long as the mortgages on the properties are paid off. We were able to get an idea of what our property is worth, but FIL’s was a bit more complicated (nothing comparable has sold around it recently), and we discovered that with our credit rating, we could afford as much house as we wanted to afford.
Oh, we never did get the information from the realtor about what our house was worth. Ah, well, we got the info from the bank, so all is good.
So, hubby has set up an appointment with the modular dealer we are going with and we are meeting with them this coming Friday to see what we need to do to work on getting a final work-up of for the house and get the ball rolling on getting the house built. Yay!
EEP!
The next few months are going to be crazy, hectic, fun, as we get the properties arranged, the new mortgage(s) in place, the lot set up for the house, the house put in, and us moved into the house. Lots of work ahead.
But, it will be worth it in the end to have our dream house, built closer to everything, and built to our specifications.
Oh, and this weekend is also our anniversary, so hubby and I are going to do… something… we still aren’t sure exactly what. But, we’ll be heading off to do that after we meet with the modular dealer.