"lone_liberal" (token-liberal)
06/01/2018 at 00:12 • Filed to: You don’t see this shit on House Hunters
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"lone_liberal" (token-liberal)
06/01/2018 at 00:12 • Filed to: You don’t see this shit on House Hunters | 1
| 11 |
Today was supposed to be closing day. Yeah, not so much.
Oh, the buying part went fine. We signed those papers on Tuesday and so did the sellers. No muss no fuss and everything was ready to go. We just needed the people buying our place to do their bit and the moving trucks would soon be rolling, but something on their side got crossed up. They were supposed to sign today but the husband was working in fucking Ellensberg, 180 miles away, and his boss wouldn’t give him any time off. I think they were actually supposed to sign earlier this week when he was in town but their bank screwed the pooch
That all meant that we didn’t have the sales proceeds to pay for the closing on the house we’re buying which screwed things up the other way where our seller’s had movers coming early tomorrow to take their pool table and stuff to the house they built but the builder won’t give them any access to their new house until everything is finalized. When we found all of this out this afternoon we tried to just write a check for everything but it would take days for the paperwork to be redone so it wouldn’t have helped.
Anyway, the sent a notary out to meet the guy in Moses Lake at the bank’s expense this evening to get the papers signed and they’re going to try to get them filed first thing in the morning so everything can get going. This will be interesting.
ITA97, now with more Jag @ opposite-lock.com
> lone_liberal
06/01/2018 at 00:50 |
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Something like this was my biggest fear when we sold and bought earlier this year. Everything went fine, but there were so many things out of our control that could’ve gone wrong on either transaction and thrown a wrench in things. The more I thought about how the whole process works, all the parties and moving parts, and all the stuff that has to happen in the right order and at the right time, the more it struck me as a process that shouldn’t work yet somehow manages to do so most of the time.
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lone_liberal
> ITA97, now with more Jag @ opposite-lock.com
06/01/2018 at 01:00 |
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So many moving parts. It’s incredible. In this one we’re the pivot since the people buying our place are first time buyers currently living with parents and the people we’re buying from are moving to new construction.
Chariotoflove
> lone_liberal
06/01/2018 at 01:12 |
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Ugh.
SilentButNotReallyDeadly...killed by G/O Media
> lone_liberal
06/01/2018 at 01:18 |
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Oh that’s a bummer. I’m kind of glad that our house sold so quickly after we decided to move towns. This way we are cashed up renters and NOTHING CAN STAND IN OUR WAY. Yeah right...
We submitted an offer last night for a nice little place. It can only go so well... maybe?
shop-teacher
> lone_liberal
06/01/2018 at 07:19 |
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Ugh. Good luck!!
merged-5876237249235911857-hrw8uc
> lone_liberal
06/01/2018 at 08:41 |
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Good luck to you. That’s a royal pain to get all those moving parts together. We will be doing the house buying thing soon hopefully, but we will be able to borrow from family for the down payment and then be able to sell our current house to repay them. That’s what my parents did back when we moved when I was still in high school. We were fortunate enough to borrow from an uncle for a short time while the old house got sold. Made everything smoother. Only had to worry about our closings. I feel for you, such a stressful time when it all goes smoothly, let alone when it’s not going smoothly.
But really, 180 miles, that’s a 3-4 hour drive, not too bad to do in a day, but not fun. I’ve made trips like that to just make meetings onsite and then had to run back home for other obligations. Makes for a long couple days. At least the bank is stepping up to rectify the situation.
Again, good luck to you.
TorqueToYield
> lone_liberal
06/01/2018 at 09:20 |
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When we bought our house the sellers just blew off the closing date with no advanced notice, no contact at all, then they (including their lawyer and agent) stopped responding to all communications for 3 weeks. It took our lawyer threatening legal action for them to respond with a bunch of excuses. Eventually we got it done.
Dealing with real estate sucks.
ateamfan42
> TorqueToYield
06/01/2018 at 09:50 |
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It took our lawyer threatening legal action for them to respond with a bunch of excuses.
Insane. You’d think they’d be eager to get money from you. People are weird.
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ateamfan42
> merged-5876237249235911857-hrw8uc
06/01/2018 at 09:55 |
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That’s a royal pain to get all those moving parts together
Indeed. When I went under contract for my house, people were like “Congrats, you are buying a house!”. I was quick to point out I wasn’t buying it yet. There are a lot of gates to jump through between contract and closing:
Loan, inspections, re-negotiations, appraisals..... there are a lot of places for things to go south quick. In my case most everything progressed pretty smoothly, right up until the lending appraisal. The crappy appraiser that came up in the random rotation did a very bad job, and severely undervalued the house by comparing to completely inappropriate other homes. That screwed up the authorized loan amount, and could have ended the deal. (In the end, it worked out— the buyers agreed to split the difference with me. I had to come up with a bit more down, but got a lower selling price and a slightly smaller loan amount.)
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lone_liberal
> merged-5876237249235911857-hrw8uc
06/01/2018 at 11:10 |
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Thanks. The drive wasn’t a huge deal it was that the closing agent didn’t know that she had to set that up until late in the afternoon. She had to find a “mobile notary” willing to drop everything and do the drive on no notice as well as set up where they were meeting since the person she found to do it would only do 3/4 of that drive.
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lone_liberal
> TorqueToYield
06/01/2018 at 13:26 |
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I would have gone ballistic, especially if there were movers already scheduled and things were packed up.