I am selling my house and have a buyer and a signed contract. The original closing date for the sale was supposed to be August 17. I asked my realtor if the contract was still in effect last Friday, August 24. She assured me it was because the contract had specified that closing date was “on or about” August 17. I suspect that I have chosen either an incompetent realtor or an uncaring one. Either way I have a few questions concerning two issues.
- The Real estate sales process.
How long does it usually take to get approval for a deal to go through from an underwriter when the buyer is pre-approved? The Mortgager sent my house appraisal to her underwriter on Sunday August 19. The property had appraised high enough but there was some concern because the exact date of construction is unknown (My home county records only go back to 1906, and the house was built before that). The appraiser had attached a note explaining the lack of a construction date. My realtor had said that she was certain in the past that the lack of a date would not be a problem but was uncertain now since the credit crunch.
Is it usual for dates to be open-ended as mine appear to be? I do not have a new closing date as of now.
- The Real estate agent.
I don’t have much faith in my agent for several reasons. She has yet to provide me a copy of the sales contract. After I signed the contract about a month ago she indicated that she would send a copy. She keeps saying that she should send a copy but has not done so. When I asked her whether the buyer was taking possession at closing, she said it was in the contract and she didn’t have it with her. So I had all of my things moved out by August 17, only to find out later by phone that my contract had given me 5 days after sale to move. There are other minor issues that I won’t mention yet. My mortgage is due Sept. 1. Paying electronically requires that I pay two days in advance. Should I continue following the philosophy “more flies with honey than vinegar” or should I switch to the “squeaky wheel get the grease” mode of thought?
Any and all advice is welcomed.