We officially have a signed purchase & sale from both parties! All that's left now is the appraisal which should be sometime in the next week or so. Pending a horrible appraisal (which could actually happen) we will be closing as originally planned on October 27!
I'm not sure what happens when a house appraises below the asking - and agreed upon -- price. I know that if it's over the agreed upon amount, either the seller pays the difference, the buyer pays the difference, you split the middle, or the deal is off. I'm not sure if that goes for when the appraised value is below.
We'll find out!
I think it might actually be safe to get to Lowes, or Home Depot and check out some paint and carpet samples. I've been dying to do that!!
Happy Weekend! (finally!)
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