Skip to main content

Home closing keeps getting pushed back. We were "shooting for" Friday but were told late today that it won't happen. Still no official date. [NY]

This has been dragging on since November/December so I'm fuzzy on the pieces. We were selling a house, I started a new job, we had to move into a shitty Airbnb, etc. so I'll try to recall what I can.

I have it in my email that we signed our Purchase Offer on 11/22/19. The bank sent us a list of items they needed from us on 12/27 which we completed by the 29th. The loan was started on the 2nd. We had to have the house reappraised for some paint touchups, which happened on Monday, but the report didn't make its way to the bank until today. We won't be clear to begin closing, I guess, until tomorrow so Friday basically isn't happening. It'll likely be a week later.

Initially, we'd been told early in the process that 1/15 would be possible which impacted when we set our own house to sell. I feel like our realtor back home was much more knowledgeable than the one we located in our new "home" because every call she made, from the amount we'd make to the timeline was 100% accurate; everything on this end has been a fuck up and I don't even know why.

Anyways, that got pushed back to around 1/31 which meant we had to leave our house sooner than our new house would close. Now it's pushed back to around 2/7. So far, we've burned through the moving credit we were provided by the company my husband was hired by and we now estimate the move will total $10k+, $5k+ out of pocket as the date keeps getting pushed back.

Everything I'd read prior indicated that 8 weeks post-offer acceptance was about the high end. We're approaching 11 weeks and we're just completely flabbergasted. We don't feel like we have any idea what keeps pushing each step back and we're wondering if anyone has any insight. We didn't even get told about this next pushback, we had to email...and email...and call...and call the lawyer all day until he finally responded to say we probably wouldn't make it in time to close Friday.

We're trying to be patient but we went from a nearly free move to yanking out credit cards and living in a basement with a drunk so we wish we could even just at least understand what is going on and how normal this is. Our own house sold really fast and the check was received on Saturday so we're just out here in no man's land wondering wtf is happening. It's not like our buyer had a better financial situation either, I don't think he put down a ton; he was a Vet with a disabled adult son and a grandson and only put down $1000 in earnest money. We really thought we had this licked...

submitted by /u/Floralura
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/evxle9/home_closing_keeps_getting_pushed_back_we_were/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more