- Yes, I realize it's been a long time since I posted anything. Busy.
- I did get those daffodils planted after all, plus some grape hyacinths above them, plus some transplanted daylilies above those; also transplanted more daylilies both hither and yon, and some water-iris divisions into a couple of boggy spots, and some Siberian iris divisions and a Japanese iris division from the Mom's gardens, AND another dozen peony roots plus two from the spring planting that I thought had died but when I dug them out still looked as though they had some viable roots, so they went back in to see if anything comes of them next spring. There are still plenty of weeds in the yard, but we've tacitly agreed to studiously ignore one another for the time being, and a whole new crop of weedy sandbar willows down in the water meadow that I ought to lop out again, but I'm having a hard time drumming up much enthusiasm for the venture at this point.
- The lacy top I was knitting for that work-related shindig of the Doc's in January is off the needles now, and by gum if it didn't turn out to fit after all - my apologies, negative ease, I never should have doubted you. As long as I don't gain an inordinate amount of weight between now and then (or lose same, I suppose, although realistically some sort of serious health crisis would probably have to be involved for that to happen), the only party outfitting I still need to take care of is finding a reasonably-dressy-yet-comfortable-for-st
anding-on-concrete-floors pair of black shoes, so as not to be crippled by the convention center where said party takes place, and some black stockings to wear with them - the last pair I wore (to a wedding a month or so ago) held up admirably throughout the evening, then snagged and ran irreparably as I was taking them off. I suspect that they're bred to do that.
- We seem to have become real-estate poison in Maine, at least to a degree, and for reasons which are not at all clear. After the people selling the first plots of land we liked got huffy and refused to deal with us because we weren't offering them their exorbitant asking price right out of the gate, and the man selling Plot #2 took it off the market rather than agree to our perfectly reasonable request to have it professionally surveyed to settle those pesky boundary and right-of-way issues, we expanded our search window to properties with houses already on them and tried again. And it worked! or so we thought, when we found a 50-acre mountaintop parcel for sale with some astounding views and a fairly new three-season cottage already in place, its amenities including a wood stove, a drilled well, an installed septic system, a full poured-concrete basement, propane hookups for the kitchen appliances, and a diesel generator in the shed out back to run everything else. Again, the asking price was a trifle high, but the sellers (whom we met when we went back to look at the place a second time) seemed like reasonable people who could be negotiated with, and the positional quirks of the acreage weren't completely insurmountable - ten acres were in one township, the remaining forty in another, with an additional ten-acre chunk hacked out of the dividing line that belong to some guy in Massachusetts, according to the public tax records, on which he regularly goes into arrears with the tax office for two or three years, then pays up, then lets it go for another two or three years. The only current sign of his ownership is a falling-down shed at the edge of his property, offering haven to the raccoons and an eyesore to the people. That parcel is also involved in two rights-of-way, the first across the initial ten acres of the larger lot to get to it, and the second across it from the initial ten acres to reach the other forty. (Someone was apparently pretty drunk when they thought that was an elegant and finely-crafted arrangement.)
So there are some weirdnesses to be worked around, but (we think) nothing that can't be dealt with, so we get loan pre-approval from our bank and make an offer that we think is reasonable, albeit on the lowish side, based on what we think the property is actually worth. The sellers counteroffer by coming down about $500 from their original asking price. Our second offer, closer to our idea of its worth but still not in the neighborhood of their ideal, gets another $500-less counteroffer. Oooooookay. We also have some aggravating conversations with our bank, revolving around the discovery that, despite not having mentioned this anywhere in the pre-approval paperwork, they're not actually willing to honor that approval after the fact, due to the cottage not having a furnace. The what, now? why does the bank care one way or the other whether a seasonal dwelling has a furnace or not? It finally comes out that the bank likely has no opinion one way or the other on this, BUT. The bank's lending guidelines are the same ones used by the federal Fannie Mae system, and Fannie very much wants everyone to have a furnace before they get any loan money. The bank dudes are very apologetic about this, and suggest that we contact a bank in the area of the property, as local-lending guidelines are more elastic than those at the national level, and see what they can do for us.
So we get back in touch with the loan lady at my father-in-law's bank who had worked with us when we thought we might be able to get somewhere with the previous properties, as the area where the property is located falls within their local-bank purview, and she sends us more paperwork for that bank's pre-approval processing; meanwhile we're still playing incremental-counteroffer chess with the sellers, wondering how long it might take before we finally get to within shouting distance of one another. Our pre-approval goes through, yay, lack of furnaces be damned, so we're again looking at an arrangement whereby we would be expected to come up with 20% of the purchase price, plus closing costs, and the bank would kick in the remaining 80% in a second-home mortgage. Our real-estate agent contacts the seller's agent and learns from her what the sellers' bottom-line acceptable price is (we were not yet in its neighborhood, no great surprise there); he suggests that we offer them that price, contingent on an acceptable appraisal of the property, just so that we can get off the counteroffer merry-go-round and find out what the bank would really be covering, not the hazy dreamscape of what the sellers are hoping to realize from the sale.
We do this; the offer is accepted, huzzah; the bank gets its appraiser on the job. We wait. And wait. And wait some more. The property is such, in its size and location, that there really aren't any other directly-comparable properties nearby for the appraiser to line it up against, particularly in terms of recent sales, given that a) it's a decent-sized chunk of land and b) (of course) the real-estate market crashed pretty hard all over and there aren't many recent sales of any kind for comparison, much less sales of similar properties within the kind of distance or temporal range the appraiser would ordinarily be using. She thus winds up going farther afield, as well as back farther in time, than might otherwise ideally be the case, but manages to ultimately put together a full appraisal. Her final accounting brings in a price much closer to what we think the place is worth than what the sellers want for it; we were anticipating this, and hope that it will provide a necessary reality check to the sellers on what their reasonable expectations ought to be.
The sellers mull over the appraisal at their end, we assume not especially happily, and we make yet another offer to them, moving back to what we think is a fair price, given the appraisal results and our new improved pre-approval from Bank #2. While we wait to hear back on the offer, the Doc gets an e-mail from the loan lady, telling us that things may not be so hunky-dory with the pre-approval after all ... it turns out that the property-loan underwriters at Bank #2 have all drunk the Real Estate Prices Have Never Been Higher What Are You Talking About There's No Recession kool-aid, are very cranky about the lengths to which the appraiser had to go to find her comparable properties, and have decreed that if we went ahead with the sale, the bank would only be willing to cover a maximum of 65%, and more likely would whittle even that back to 60%, and the remaining 35-40% would be up to us to scrape together. Our loan lady is just as ticked at them as we are, but unfortunately they are immune to both reason and reality, and they will not be budged. Our real-estate guy thinks he knows another loan officer at a different bank who might be able to help us; we make initial contact with Man At Bank #3, still waiting to hear back from the sellers.
We hear back from the sellers! They are, reluctantly, willing to accept the latest offer, despite it being only on the periphery of their hazy dreamscape, and we prepare for yet another round of pre-approval paperwork from Bank #3.
But! the sellers change their minds again, and decide to take the property off the market for a while, hoping that economic conditions will improve enough in another year or two that they'll have a better chance of getting what they want from it after all. We wish them luck, and the Doc instead looks into refinancing our mortgage on this house, using the savings we were intending to put toward the land purchase to get a lower interest rate and a lower monthly payment. Those wheels are already in motion with Bank #1 (which already holds the mortgage, so at least that cuts down slightly on the necessary paperwork) when we hear back from our real-estate agent: the sellers are changing their minds yet again! they think they might be willing to sell after all! but they've decreed that the closing would need to be within about three weeks, if it were going to happen, and held on a Monday. We don't wait around for the added requirements of all the documentation being in Swahili only and the presence of a Druid notary public to politely decline this fabulous offer - we're officially retiring from the land hunt for the winter, but if they want to try again next year, they know where to reach us.
- And there's been swearing practice in there, too, but then again there always is. Handy tip, by the bye, when grappling with top-whorl spindles and tussah silk top: your 2-plying will go much, much better if you have managed to spin both your singles in the same direction. Otherwise, your lumpy beginner yarn is going to be even lumpier and more horrible than that first stuff you took off the wheel, although, since the spindles hold less than your bobbins, at least there won't be quite so much of it once you get it skeined off. Still, keep it in mind.
So, yeah. Busy.