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OMG...another home buying vent and questions

So we thought 3rd times the charm and put another offer on a house that we both love. I will remind you that nothing and I mean nothing new has come on the market in the area and price range for the last THREE weeks!!! Its crazy.

But I digress so we put an offer on a house and the seller is 'comfortable' with the offer but wants their lawyer to review before officially accepting. We wait THREE days for this to occur. Turns out the woman selling the house is divorced and this is a forced sale so the attorneys are involved now. I'm not sure how this works. Does her ex-husband also have to sign off on the offer and sale? Does anyone know how this works? Our realator hasn't been able to give us any information.

Lilypie Pregnancy tickers image Heather and Mark | Lanikuhonua 8-14-08

Re: OMG...another home buying vent and questions

  • I can't be sure b/c I don't know much about family law or estates but I think both parties (probably through their attorneys) have to sign off just to make sure the deal is fair. 

    Sorry it's so frustrating.  

    One thought - do you really like your realtor? I know it's probably just the market but it seems like she/he should be able to give you more information and follow up with the offers that keep getting rejected. 

    I only say this because we got a dud at first.  we started out with someone who was probably great (and came highly recommended) but for our needs he just wasn't cutting it.  It was a tough decision but we ended up going with someone else that we randomly met at an open house on our own.  She was newer but so on the ball and really helped us out.  We had a long, complex negotiation for the house we ended up buying and I can't help but think if we would have stuck with the first guy we may not ever have found "our" house but also he wouldn't have followed up as well as she did.  DH has ended up using our realtor for all his business real estate work as well.

    Not saying this is happening to you - but it doesn't hurt to let him/her know that you really hope they do more work on your behalf.  They really should be contacting the other party/attorney for more information - their job is to lobby on your behalf!

  • imageMauiWedding08:

    One thought - do you really like your realtor? I know it's probably just the market but it seems like she/he should be able to give you more information and follow up with the offers that keep getting rejected. 

    Our realator is our good friend. She is the wife of my husband's best friend. She owns her agency and has been a realator for 10+ years, however, I'm beginning to lose confidence in her. I'm not sure why she is unable to provide the answers we need.

    Lilypie Pregnancy tickers image Heather and Mark | Lanikuhonua 8-14-08
  • that is a really tough situation - our first realtor was not a good friend, but was the brother of one of our friends and the son of my mom's old boss, so cutting ties was hard, but not as hard/impossible as it would be for a friend!! 

    Maybe she just hasn't encountered these type of market conditions and various scenarios.  And because she's the owner it might be hard for her to find answers within her office, that said even if she is a friend it wouldn't hurt to go over all your concerns and keep on top of her work.  It will all work out, and hopefully the new offer goes quickly.  If attorneys are involved hopefully they want to move things along a little faster than you might think just so they can get the divorce closed and get their pay day too :) 

  • I don't really have any advice, but I wanted to say that I'm sorry that this is so frustrating for you! I don't know if i'd go with a new realtor or not...10 years seems like a fair amount of experience, but at the same time, as pp said, maybe she hasn't encountered these kinds of conditions before (actually, that would make sense since most of the last 10 years have been a real estate boom and thus the situations were very different).

    Also, have you tried posting this on the Buying a Home board as well? Those ladies have a lot of experience and some great advice!

  • imageredshoegirl:

    Also, have you tried posting this on the Buying a Home board as well? Those ladies have a lot of experience and some great advice!

    Ahhhhhhhh great advice I will post this over there...thanks Lisa!!

    Lilypie Pregnancy tickers image Heather and Mark | Lanikuhonua 8-14-08
  • not sure about the law question but i just wanted to say i hope you get this one!
  • No advice but just wanted to wish you luck.  Smile  Let us know how it turns out! 

    We saw a depressing news article the other day.  Home prices here are starting to creep up again AND many of them are going for at or above list price again, with multiple offers being put on them.  Gah.  Housing market crash?  What crash?  

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