Northern California Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Escrow?
How long was your escrow? Our offer was accepted Friday, so our realtor opened escrow Monday. This seems like a long escrow since we are paying cash, not paying with a loan. It a short sale, and the previous owner is packed up ad ready to move. Our realtor said she wants to try to get us in by Xmas, what are the odds of that happening?
Multiple IVFs=TWINS! Due FEB 5, 2012!!
Born @33W4D
Re: Escrow?
Being that it's a short sale, there's a bank involved so it's hard to tell how much feet dragging they may do.
Our escrow was like 14 days. The sellers wanted it fast (they'd already moved.) It was a direct 'normal' sale. Our bank (credit union) was good about moving quickly.
Good luck. Try to de-stress because this can be a really stressful time. I'd start with low expectations of the bank moving quickly and try to just ride out the wave because there's nothing you can really do.
We bought our house about a year ago. We put in an offer on Nov 8, it was accepted Nov 12. We went into escrow immediately. We didn't close until January 5.
However, we got a loan (conventional, fixed rate), so that slowed things down. At the time, many banks were requiring a 45 day minimum escrow (not sure if that's still the case). There were also certain things we had to do, like completing all inspections, getting home insurance, re-negotiating terms based on the inspection results, inspecting title, and going through the full approval process with the bank (we were pre-approved, but the bank would only complete the full approval once inspections were done, IIRC).
Be aware that the upcoming holidays may very well slow things down. We experienced that. Because so many people were out on vacation, the banks were operating with fewer staff, and everything was moving very, very slow. While you don't have your own bank to deal with, you could see slowness and delays from the owner-bank for these same reasons.
Also, you should absolutely give yourself enough time to get all inspections done, have title reviewed, find homeowners insurance, etc. Hopefully you have it written into your contract that if title isn't clear or inspections come back with something unexpected that you can back out within a certain period of time.