Standing Rule: Click on the photos for larger views.


Friday, May 25, 2007

The One Where The Dome Geeks Finally Hear Back From The Bank

As you may have seen, the Geekwif posted a few days ago that we were supposed to hear back from the bank about our project appraisal. Well, as it happened, we didn't get the call. The bank had not received the appraisal yet. In fact, we didn't hear a peep except one email, to say that it wasn't there yet -- until today. Today, I got the call on my cell phone, as I ate lunch with a few co-workers and was telling them how we hoped to hear from the bank "any day now, maybe even today--" bbrrrriiinnggg!!

Pretty good timing on their part, I must say. It was a pretty short conversation, but the important part is that we got a number... a good one... in fact it was $10,000 higher than last year's appraisal -- which I take for a miracle, given the current housing market in our area. What this means for us is, our budget is not only in the "sweet spot" of being 80% of the final value of the project, but in fact we are well below that 80% mark, which makes it even sweeter.

The banker still needs to find an investor willing to take on this project -- but he's already spoken with a couple of people who were open to the idea, pending a favorable appraisal. This appraisal is definitely favorable, and so he expects that one or both of them will be willing to finance the construction. Unfortunately, with this being Memorial Day weekend, and the fact that it was already after Noon on a Friday (when he received the appraisal), we probably won't hear anything again until Wednesday or Thursday next week. (Sigh) Another week of waiting. But we certainly have hope, even more hope than we had before. And for that, I am eminently thankful.

For those of you so inclined, we appreciate your prayers, and ask that you continue with us until we've signed the construction loan papers. This dream has certainly stretched our faith, and we expect it to continue that way right through to the day we move in. After that, God only knows what He has in store for us. But with each successful step forward, we see another milestone, and more evidence of His faithfulness. What more could we ask?


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