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Friday 28 September 2012

A Big Disappointment

So imagine this,
After a long battle over the building cost of the house, we received the contract and were all set to make our deadline of having both loans settle at the same time. All our dreams were coming true. Then...

The evaluation on the house came back at 150,000 less than the building cost, 200,000 less than what it would have cost us to build if we hadn't played hard ball with our builder. Basically we were capped due to no houses having sold in the area in the last 3 months at the price range we were looking at.

This simply put means we cannot build. We were beyond disappointed.
We have since got a second evaluation which wasn't much better and are now looking at finance through our builder.  I highly doubt we will be building any time soon.

But the block will still settle next weekend and we will work on landscaping for a while.