oh great...

[jim_p]

Got a message from the lawyer today... seems the buyer for our house is having some "financing issues" and wishes to push the closing out by two weeks, from 7/9 to 7/23.

Uh right... this was supposed to be a "cash sale", remember? What's this "financing" bit all of a sudden? Only good thing is that the purchase&sale agreement doesn't have a financing contingency, so they supposedly have to come through somehow. If we amend it to push the date out, I'm going to ask for some kind of financial penalty clause if they end up unable to make the deal happen...

Of course, these were the same folks who initially offered us $1000 more if we could move the closing up from 7/16 to 7/9... go figure.

On the one hand, it would be good to have the extra two weeks breathing room for moving out... as it stands it's going to be tight to make 7/9, but we're determined to bust our butts to do so (help gratefully accepted, bribes negotiable :) ). We just want to get this over with already!!

Comments

[angelovernh.livejournal.com]

Uh OH. Hope it's JUST a delay and nothing more.

[klingonlandlady.livejournal.com]

So hopefully you get to keep the $1000 for agreeing to the earlier date, and then get 2 more weeks to pack :) Definitely write in a hefty penalty in case they try to weasel out of the deal, though!

[jim-p.livejournal.com]

Oh yes, we get to keep the $1000; it was built into the purchase price (as in, we'll up our offer by $1K if you commit to the earlier closing date).

Played phone-tag with the lawyer and the realtor today, and the latest version of the story is that it's not the buyer's financing that's screwing things up, it's everybody else's. See, with all the talk of the Feds raising interest rates, people are buying and re-financing like crazy trying to lock in rates before they go up. This means that the title companies are slammed, and they're citing three-week delays in processing paperwork. So supposedly the buyers would like to close on the agreed-upon date, but it's the title company that's got other ideas.

Assuming the buyer is playing straight with all this, they're not trying to weasel out... we'll see...

[whitebird.livejournal.com]

Teach them that not only is time money, but so too is chain-yanking.

I hope it ends up fully sold!

bleah

[madbodger.livejournal.com]

That sounds depressingly like the case where I sat as a juror on a real estate sale dispute.

Re: bleah

[jim-p.livejournal.com]

The latest news from my lawyer is that the title-search story is the truth, and the deal is still on the up-and-up. My lawyer is definitely a no-bullshit kind of guy, so if he says it's okay I'll tend to believe him :)