Asked by Avmhome, Grant County, OR • Fri Mar 19, 2010
finance! Berm = part of home covered by earth. The appraisal came in $40k higher than the selling price of $182k, but there are no recent Berm home sales in the area within the past year. Everyone loves berms, they stay in them for life! There are at least 3 others in this area alone. I have tried everything I can think of and researched every type of loan hoping for a break. We have good credit scores, 5% down payment at least, it's just the comps that no one will accept, even though the owners are desperate to sell. This home is not a huge risk, so why do people turn it down? It's on great land, with a -great- view, located in a prime area of town, with barn, greenhouse, shop, etc. The owners spent a lot of time and money renovating it over the years, and it has a new roof and windows. They wouldn't be selling if not for medical necessity. We want to start a vineyard there, looking at part-time farm loans possibly? ANY ideas or suggestions would help at this point, we are trying everything.
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