Where We Are!

This buck was harvested off our land this year from a friend that I let bow hunt. The deer scored 184 ponts.

This buck was harvested off our land this year from a friend that I let bow hunt. The deer scored 184 points.

A lot has happened since the last time I have posted, so first I want to  apologize for not keeping you up to date of our situation. We have been so busy packing and moving and in this post will explain where we are now.

This is the Aqua building where we are staying now.

This is the Aqua building where we are staying now.

At the moment as I am writing this post I am over looking Millennium Park from downtown Chicago from the 19th floor of the Aqua building from our new apartment. Most of our belongings are in a pod in Des Moines waiting to be delivered next spring to our farm when we plan to move to Iowa to start building our home.We have moved to the apartment because we have a new contract on our home and are supposed to close next Friday. I say supposed to close because now that we are here it looks like the deal is in danger of falling through. This has been quite the ordeal selling our home and if we knew it would all turn out this way we would have waited until next spring to sell our home, because this has all been very stressful.

We have moved from our 2000 sq ft home to less then 600 sq ft. It has been an adjustment getting used to living here.

We have moved from our 2000 sq ft home to less than 600 sq ft. It has been an adjustment getting used to living here.

As you recall from my last post, we have had one deal fall through because of the buyers financing and as soon as we put the home on the market the very next people who saw the place put an offer on it and the way it looks now this one may fall through because of the appraisal of our home. The appraisal came in 11,000 less than our agreed upon contract price.

To me this looks like we are trying to be scammed here. The buyers are getting a FHA loan and their mortgage person has waited until the last moment to order the appraisal. The appraiser  who appraised our home has only had her license for one month and used comparable homes that have sold recently in our area that are 600 sq ft smaller than ours. We had asked for a new appraisal and all they did was have the same women who did the original appraisal do it again, and she  raised  the amount 2000. This is still unacceptable to us and we have countered again and now are waiting for a response from the buyers. To tell you the truth we are about to cancel this deal and to start again. We will take our chances that the next buyers will have a more favorable appraisal. We know our house is worth what we are asking, the market tells us it is. The very first people who come to look at it put in offers so we know it will sell again, it just might be a few months now that the holidays are upon us.

I also may have to put off retirement until the house sells because we can’t afford to be paying our house note, property taxes and the new apartment with me on my railroad  pension and that sucks the most.

I guess we will see what happens, so stay tuned.

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About Gordon Milligan

I am a conductor for a commuter railroad in Chicago IL, I have bought a 40 acre farm in South Central Iowa that I plan to retire to in 3 yrs. I want to raise and grow most of my own food using sustainible and organic methods. I have a blog that journals my journey to becoming a farmer.
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10 Responses to Where We Are!

  1. Wow! That does seem like very bad practice on behalf of the buyers and their appraiser. Fingers crossed for you that it all works out well.

  2. Rick Umphryes says:

    Praying things will work out. We have to sell our home here in Pleasant Prairie, Wi. next spring. Good neighborhood and one block from the state line and a mile from the lake. Would be happy with 165k. Friend a few houses over wants us to sell it to his daughter and son in law. They have a couple young children.

  3. Debbie Johnson Drottz says:

    Since you guys are in Chicago we should try and get together before you more away.

  4. Zephyr Hill says:

    What a total bummer! I’m so sorry! I totally sympathize, having gone through the sale of a property at below its value twice since 2008. 😦 I really hope you get your price. Both times we took our house off the market over Thanksgiving-New Year’s because we knew there would be few people house hunting and we wanted to spend the holidays in peace.

    Your apartment is really interesting; it reminds me of some Gaudi architecture in Spain. It looks about as far from a farm as you can get! Hopefully the experience will make the trials of farming seem more like blessings when you finally get there. 🙂 I’m really rooting for you, Gordon, and can’t wait to hear that you’ve sold your house and are on your farm!

    • Thanks Susan, sorry to hear about you having gone through the same thing twice. I have now herd from several people that have said they also have gone through similar experience selling their home. I appreciate your support.

  5. Gordon, that really sucks. Sorry for your troubles.
    The apartment looks wild. You are making a lot of changes in a short time.

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