So Much for Happy Endings

Friends,

Last week we received word that the second appraisal done on our Allen Edwin home was again significantly under the purchase price.

Yesterday we learned that AE will not be reducing the price nor working with us to meet halfway.

Because the difference between the appraisal and the purchase price is so large, we are unable to move forward with the purchase of this house.

Both Troy and I are shocked and dismayed at how this story is coming to such an unhappy ending.

For the time being, I’m taking a break from blogging until we can wrap our heads around this situation and figure out a way to move forward.

We have each other, and that’s really all that matters. We’ll get through this, somehow, but we just need some space right now.

As always, thank you for all of your continued support and understanding.

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5 thoughts on “So Much for Happy Endings

  1. I am so sorry to hear this. Worst case scenario for sure and it sucks that it happened to someone who seems so nice and understanding. You will find a new, wonderful home and this will end up being one of those awful bumps in the road. Good luck and I hope to hear from you again!

  2. I am so sorry to hear about your experience. We have just started the process with Allen Edwin and when I read this I was very worried. We met with our sales person today and I told her I came accross this blog she told me she knew of your situation and said she was confident all parties would come to a resolution. I wish you the best and I will keep an eye out for updates.

  3. I’m so sorry to hear–it must be so hard to revise your plans after all of this time. I hope you find an even better situation soon!

  4. I’m so sorry to hear that! I have been reading back through the whole blog, and didn’t feel like I could comment until I had read all the steps leading up to this. Such heartbreak!! But in the end, I’m sure things will turn out even better than you imagined.
    “‘For I know the plans I have for you’ said the Lord. “Plans for good and not for evil, to give you a hope and a future.'” – Jeremiah 29:11

  5. If the appraisal was low and didn’t meet the purchased price of your home, had you decided to walk away, would AE give you all of your earnest money back? I’m assuming in the contract that there is some protection for the buyer.
    You response would be fully appreciated.

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