Thursday, September 29, 2011
I'll Believe It When I See It
Slow Bob got the transfer! But that don’t mean anything. (I’d like to stop right here and tell you that I know my English is not always correct—I should have said, “That doesn’t mean anything,”—but I am writing how I speak, just like I would if we were sitting across the table from each other having a cup of coffee. Not to say I always know what’s correct English. However sometimes I know when it’s not right and I do it anyway.)
So Bob got the transfer. We got more hay yesterday anyway.
Even though everything looks pretty good at this point, I have no faith that it will actually happen. According to Bob’s banker, the only thing we’re waiting for now is the appraisal. Since we keep lowering the price every time we lose a buyer and put it back on the market, the last appraisal is twenty thousand dollars higher than what Bob is paying. And since we never stop working on it (since the last appraisal, we’ve painted ceilings, put pea gravel in the tractor shed, installed a new ceiling light, put ferns on the porch…) the amount of the appraisal shouldn’t be a problem.
The loan officer said, “Just as long as there are good comps, we should be good to go!”
I assured her, “Oh yeah, there are plenty of good comps!”
But there aren’t. I live in a town of about a thousand people. We’re out in the middle of nowhere. And this is a place people don’t move away from. People stay here. What are the chances that, at any given time, there will be a farm exactly like mine for sale?—a four bedroom house with one bathroom and with real horse facilities including a riding arena on ten acres? There’s a house for sale down the block right now. It has two acres, three bathrooms, no horse facilities and it’s on the highway. There’s another one in the other direction that has around the same acres as mine and a similar horse barn. But no house. (Of course serious horse people don’t care about houses. Just give us a barn with water and electric and a place to plug in the coffee pot so we can make a bran mash for the old guy in the winter.) A couple of miles down the road there’s an old dairy farm on sixty acres for sale. None of them are really comparable to mine. What are they going to want? A cookie-cutter house in the middle of a development that’s the same as all the other ones except the kitchen is beige and not blue?
So it’s going to depend on how much of a stickler Bob’s bank is going to be. And that means I had to go and get more hay.