My wife and I listed a house the week before Christmas. We accepted an offer 5 days later. The couple that is buying the house relocated here for their job sometime back and found a place to rent. Their lease was up the middle of January so they were hoping to close as soon as possible on our house due to that. They are now staying in an AirBnb.
They are in underwriting and an issue has come up with their employment. From what our agent is relaying to us, the buyer has worked at the same place for a while but just recently it was bought out by another company so this is being questioned. They (the buyers) are fed up with this taking so long so now they are wanting to possibly switch lenders if this can't be resolved soon. Our contract expires 2/10 so if they do switch lenders I don't see anyway we make that date.
I'm curious what other people think we should do here. Their agent is asking would we be willing to rent the house to them until we can close if they switch lenders. We said we don't want to do that because if they are having issues with this lender, who's to say they won't have issues with the next one and we don't want to be in that situation.
Should we just be nice and say we will extend for an additional week or two and let them work this out? Should we ask for a little more money since we are most likely going to be paying another mortgage note and utilities? What are yall's thoughts?
Maybe worth noting, they gave us a full price offer but we are paying all closing and giving them a home warranty.
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source https://www.reddit.com/r/RealEstate/comments/10nf0bl/selling_house_issue_in_underwriting/
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