Plot Twist!

So something awesome happened today…


We closed on our house today! Yes — our house! 

We were able to reach an agreement with Allen Edwin and ended up reciving our certificate of occupancy right on schedule. And as of today we are officially homeowners!

I’ll be back soon with a full house tour, packing and moving tips, and some upcoming project plans!

Thanks so much for all of the messages and comments while we sorted all of this business out. Looking forward to getting back into blogging about our journey in our new home!

[AUTHOR’S NOTE: I’ve gotten many emails asking for additional details on the closing of our home. Because of the way everything concluded, I am legally not able to divulge details pertaining to closing or any issues previously unpublished regarding our business transaction with Allen Edwin Homes. 

If you or someone you know is in a similar situation with a newly built home, my heart goes out to you. All I can offer is my sympathy and encourage you to contact a lawyer or licensed real estate agent as early in the process as possible.]

 

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30 thoughts on “Plot Twist!

  1. Wow, congratulations! I’ve been checking back for updates. Allen Edwin just required a pre-appraisal on our T2300 home, so I’ve been thinking about you and worried that we may end up in the same situation. I’m glad to see everything worked out, and I hope to be able to take a picture like that one later this year. Can’t wait to see your home tour and packing tips!!

  2. Yay!!!!! That is awesome news!!! I’m been checking back for updates, and this is the best one that could have been!! Can’t wait to see the rest of your finishes. So happy everything worked out for you!

  3. Wooohooo! So happy for you guys! It’s been such a crazy process and I’m so happy it all worked out in the end!

  4. That is amazing news! We are in the early phases will Allen Edwin, we go to selections this Thursday! I am so glad you are now living your dream!

  5. I am so glad it all worked out! We are currently in the insulation phase of our Allen Edwin build. We have had a few small issues arise already, but it was mostly from poor communication (on their end). Our bank decided we also did not need a pre-approval. Now I really wish they had, as after reading your struggles I am worried. But it gives me great hope that they were able to work it out and you got your home! I recently started a blog of our progress (and other things) as well. I loved reading anything I could get my hands on about other peoples progress and LOVED, LOVED reading your progress. Made me feel less alone. There are not many of us that (I have found) blogged about the process so I though I would add our story and maybe help others feel less alone too.

    • Jen, thank you so much for your comment and for visiting the blog. I’m so, so glad you are also blogging about your process — the more info that is out there, the better. I was just like you: I wanted to read about the process from a real customer, and there is very little out there about building with a “big builder,” which is why I started blogging about it here. I’ll definitely be following along with you as well! Wishing you a smooth and stress-free few months as your house nears completion!

      • Thank you! So far so good, only one set back at this point (cracked foundation).
        I did find another blog on our same floor plan even, but I can no longer find it. I do wish more people would post their projects. It really helps.

    • I would love to read your blog as we are still waiting for ground breaking. Our selections appointment was 12 weeks ago and I’m getting anxious. Can you post a link to it?

    • Keep the posts coming Jen! We are building with Allen Edwin right now too. We had pre-appraisal problems similar to Maria, so after months of nothing happening, they finally dug the basement last week. I’m excited to see progress, and will be following along with yours. And I can’t wait to see Maria’s whole house tour 🙂

      • The basement being dug is so exciting! We stalked our lot for days after, just to see it all again! I think our neighbors must think we are nuts! Keep us all posted on your build too. Haha, we have a mini sisterhood of new builds!

  6. I loved selections! I read your blog Jen, what sub are you going into? We are in Diamond Glen in Howell. We still have no hole in the ground hoping for next week or so.

    • We are building in Lansing, but I hear that Kalamazoo/Battle creek are their big project areas. They seem to have so many more floor plan options for those locations. What is your floor plan? We wanted the same one as Maria (It’s stunning Maria!) but our lot only allowed for the Elements 1870, which we happy with.

      • I changed my mind a million times before we signed but ended up with the elements 2390 with a rec room in the basement.

  7. I have read your blogs over and over…we are in the same boat…I am starting to emotionally detach myself from our home now 😦 I was wondering what agreement they came to for you if you can say…we had an appraisal at the beginning that was fine, then we needed an update because they took so long the first one expired. The 2nd one came in 15,000 too low!!! We are very worried…any suggestions? ??

    • Hi Sonia, thanks so much for your comment. I’m so sorry you are also going through this, it breaks my heart to hear similar stories. The only advice I’m able to give is to hire a lawyer ASAP. You got that first appraisal, which should work in your favor, but I would definitely get a professional in that can work on your behalf — because no one else will. Best of luck, I truly hope everything works out for you.

    • If you don’t have a real estate agent on your side, then get a lawyer. We were lucky enough to have an independent agent helping us. Our pre-appraisal came in low, and AEH told us our only option was to pay the difference or remove options. Once our agent started asking about ramifications of us walking away, their stance changed. We basically gave them three alternatives we would accept or we would walk away, and at that point they negotiated with us.

      Fast forward to last month when we were ready to close. We expected our 2nd appraisal to come in at least at the pre-appraised value, if not higher. Big surprise when it came OVER $40k LOW this time! Significantly lower than even the pre-appraisal. The house was finished, we were ready to close, and then we were hit with that. Fortunately for us, our lender ordered and paid for another appraisal, and that one came out just fine. But that was a stressful couple of weeks!

      My advice would be to first see if your lender will order another appraisal. They may not, or they may make you pay for it again, but it wouldn’t hurt to ask. Then cross your fingers that the new one comes in better. If not, at least now you have two separate appraisals supporting that the purchase price is too high, and you have better negotiating leverage. Unfortunately, appraisals seem to be so subjective still, especially on new construction. In total we had 3 appraisals, all with vastly different appraised values.

      You may also have to consider changing lenders to an AEH preferred lender. I’ve *heard* that appraisals somehow coincidentally always seem to come in just fine when you use lenders builders recommend, but I can’t say whether that’s actually true..

      Talk with your lender first and see if they will help out. Good luck, and keep us posted!

      Which development did you build in, by the way?

      • We built in Harper Creek in Battle Creek….last Allen Edwin lot in that area. We did go with a preferred lender and they have tried hard to make this work…unfortunately we choose an FHA loan and they dont allow additional apprasisals…but we have appealed the low ball apprasisal. Thanks for all the advice…keep fingers crossed 🙂

  8. I want to thank you so much for blogging your building process. I’m in the very beginning stages building with Allen Edwin. We have our Showroom appointment next Friday. When we met with the selling agent she said it’s really important to not price yourself out of appraisal with upgrades. Wouldn’t it be nice to know that amount up front and not after the house is completed? Looking at your selections they’re so similar to the things I’d like. I wish they had pricing available online and not only at the Showcase so I can prep better. I appreciate your posts on the Showroom experience as that is the search that brought me to your blog. I see that things worked out for you and you’re in your beautiful new home now 🙂

  9. Which paint color did you go with? and is the roof black or brown? We have our final selections appointment coming up and can’t decide but I think what you have picked out looks wonderful!

  10. Wait! I feel like I missed something…..how did you resolve the low appraisal issue? We are currently waiting for a second appraisal on our AE ‘speck’ home. It was valued by the first appraiser at $13,000 below asking price. We are curious as to how this will work out. We have waited for our home for about 6 months, and just last week did our final ‘walkthrough’. Of course were excited, and then our lender contacts us that the appraisal came in low, and they won’t finance us. (Crushed, to say the least!!) My biggest question is did AE bring the price down, did they add items to bring the value up, did the next appraiser value the home higher? We’d love to know what happened.

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