This is my 500th post that I upload to my blog! Yay me! I somehow
made it this far! I started this blog back in August 2009. My life was so
different then! I can’t even start to count all the major changes that happened
in my life since then, but I can easily sum it up and same that I’m in such a
happier place now.
To be honest, I was postponing this post. I wanted it to
occur with the final agreement on our house purchase. I wanted to happily
announce that everything went smoothly and even slightly complain a bit about
having to start packing now. I had it all in my head already. I can be a bit of
an attention seeker that way and whine when I get the chance. I’m writing a
blog if you haven’t noticed.
However, things didn't work out exactly like that. The bank
that was supposed to provide us with a mortgage estimated the value of property
less than the asking price. We knew that the asking price was a bit high but we
had decided to accept it, even if it might harm the investment value of the
property. In a couple of years and with the improvements of the property we had
in mind, we would definitely catch up. The bank didn't see it that way though.
They refused to give us more money than their estimate. So, since we can’t cover
the difference we’re most likely losing the place. At the moment the estate
agents, who appear to be extremely surprised at the low bank estimation, are
trying to negotiate with the seller and the bank. But to be honest, I can’t see
the vendor agreeing to that price, since the estate agents made him believe
that he could make so much money from the property.
I’m feeling a bit disappointed to be honest. It’s not going
to be the end though. We’ll start viewing more properties soon and I believe we’ll
find what we’re looking for. We learnt a lot during the last couple of months
with all this. The property market can be vicious, but so can we.
