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Getting a Construction Loan

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I called two local (local to Moneta, VA) banks yesterday to start the process of getting a construction loan.  Our house is providing no where near what we had hoped 3 years ago in equity!  Jack will be our general contractor and there is a financial bank penalty for what they call a “self-build.”  The rate is about 4.25% right now but I am still sending them all of the documentation they need before we actually talk with them in person.  They want paper copies.  Really?  I don’t do paper statements nor paper tax forms.  I pdf’d the files.

Today is the mechanicals inspection on the house; next week termite and septic inspection.  More hurdles towards closing!  

Finding a moving company

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I went online Saturday to get competitive moving bids.  I have been getting calls and emails all day from moving companies.  So far the prices to move a 4BR house ranges from $4500 to $8500.  But, we need to have storage for our furniture and boxes for up to a year!  The storage units at Smith Mountain Lake are $240 per month and will need at least 2, maybe three!  United and Mayflower provide storage so they will give us an estimate next week.

Yesterday, Jack and I packed, labeled and taped 58 boxes.  That’s a pretty good start.  After a trip this week to Tennessee to do home repairs for Jack’s 87 year old mama, we will really get busy!

We are hosting a fly-in at Smith Mountain Lake Airport May 5th.  Pilots, walkers, drivers, all welcome!  We can show you our site for the house!

Day 1- Preparing to Move

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We are more than excited that our house is under contract but cautiously optimistic that the Due Diligence date of May 7th will find us equally as happy. Please stay tuned to our quest to have a new beginning.  Karen & Jack

Jack & Karen

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Jack & Karen

We’re movin on!

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