Friday, February 22, 2013

Tom Petty had it right



The waiting really is the hardest part.

 The good news is that we are officially approved for the refinance and the commitment letter has been signed. The bad news is that we are still waiting for the appraisal, which is a condition of the approval. As each day passes, I get more anxious about our home’s value. On Wednesday, our loan officer said that the appraisal was in the review process with the in-between company and that hopefully it would be released tomorrow. Gah!! Well, it’s Friday and the main thing standing between an incredibly fast closing is this stupid appraisal. The appraisal could make or break this refinance. If the appraiser wants to be picky, she could throw in a bunch of things like we have to install railings for our steps or repaint/cover the fascia and soffit. Or maybe she could throw in other things that I haven’t even thought of or noticed.

We’ve wanted to finish the fascia for quite some time, but didn’t know anyone who had a brake. We were not planning to repaint the wood yet again. The plan was to cover the wood with metal, which stands up to the elements much better than wood. It also stands up to birds much better. And squirrels. These critters love to gnaw and peck through wood and nest in our attic. We also haven’t installed railings yet because we are planning to get rid of the brick steps and replace them with wood. So obviously we will do those things, but we just have been busy with the inside of the house. So if we have to do those things first, it will probably put us out another few weeks with the refinance. We’ll have to get the work done and then the appraiser will have to come back out and confirm that those things have been taken care of. I would hope that she would be more lenient since it’s a refinance and not a new purchase.

Part of my relentless obsession over the dollar amount of the appraisal? How much was all of this work really worth? The blood, sweat, tears, stress and the amount of money that we actually put into the house. Will it pay off? Would it have been cheaper to tear the whole thing down and start over? Emotionally, I don't think I could have done that. This was the place I grew up and the place I want to raise my future family. We have put about $80,000 or more into this project, so I am going to be heartbroken if our appraisal doesn't equal the amount of money we put into it.

So… if the appraisal comes back today in the amount that we need with no “subject to” repairs or conditions, I will be a happy camper.

On to the more gooderer stuff!  I’ve been looking forward to this weekend for a long time - this is the first weekend since the beginning of November that we a) haven’t had guests b) have no plans and/or c) Jay hasn’t had to work. We are making a trip to the grocery store tonight and after we get home, our cars are not moving until Monday. I might make it to the gym sometime this weekend, but we’ll see. The Atkins diet is crazy hard, but I’ve had amazing results already. I lost 4 pounds the first week! I know that a few pounds might be water weight. However, I’ve been tracking my exercise and food using LoseIt, and according to that app, I should have lost at least 2 or 3 pounds last week. My clothes feel looser (hurray for less sausage legs) and even though it hasn’t been easy, the quick results have been worth it! I’m hoping that I can stick with the induction phase for at least a month. I do have some challenges coming up – wine and chocolates for the Women’s Club event next Wednesday,  a birthday shindig for a friend next Saturday, more festivities the following weekend. There are plenty of things to get me off track. My plan is that if I’m going to cheat in any way that I have to make up the difference at the gym. I’m going to try hard not to cheat and to stick to a single drink at each event – or have no more than two rum & diet cokes. Or club soda and vodka. Which is disgusting and makes me not want to drink anyway.

So that’s what is up in my world this week. What's up with you?




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