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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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usual offer timeline?
i have no clue if my realtor is just being kind telling me this buyer is slowpoke or most buyers are this way? but man we were suppose to get an offer last night, now this morning ansd so on.
but they called yesterday and asked if we'd close on sept 15th? um get us a damn offer already that's soon.
Re: usual offer timeline?
It might not be the buyers' fault. They may be waiting on final figures/answers from their bank before putting in the offer, that way, they are a credible buyer and you can feel confident in accepting their offer.
The buyers will also want to lock in their rate and they may have to pay $$ if the settlement date is more than 45 days away.
eta: I think they are just being conscientious. If the 15th didn't work for you, then they'd have to make changes to the offer. By asking first, it saves you both a needless back-and-forth of paperwork.
Am I reading this correctly? They requested a closing date without an offer? That's a little odd to me.
I feel like there aren't really any "usuals" when it comes to these situations because there are too many different factors that come into play.
Sounds like they are trying to get all their ducks in a row before wasting their time and your time with an offer. I don't think its odd they asked about a closing date first. They might have a reason they need to do it then and if thats not an option for you, then why bother?
I'm sure it sucks but just try to be patient!
My little nuggets
i am sonic right now tapping my foot.
I am also dying to know the offer already. I know we are probably going to have to counter.
It is odd that they did ask for a closing date first, but maybe like ppl said that it avoids their realtor having to redo the offer paperwork if you said no to the date after their offer was submitted to you.
I can also tell you that when we bought our home last year, we did all of our homework before submitting the offer. I didn't want the seller to think we were nuts if we had to withdraw for any reason because we couldn't afford the house, etc. and didn't think about that first. So, it may just be they are indeed serious responsible buyers and just want to have all their ducks in a row. And as the seller, you also have a say on when you want to close, as it is part of the contract and negoitating process. Have you given much thought to that yet if the offer is serious and you are willing to accept it?
Good luck!
Our realtor contacted the sellers' realtor to ask about a closing date. We hadn't sold our condo yet so we wanted 60 days. Turns out they were getting divorced and neither had found a place to move, so they were appreciative that we asked since they would have countered with a later closing date anyway if we hadn't requested 60 days.
Good luck - it takes a lot of patience!!
Yay! Good luck with the counter offer. Don't forget your house also has to pass appraisal, so def go over that with your agent when counteirng. Low ball and full seller's assist = not nice.
we just countered.
OMG I AM GOING TO FREAK OUT.
Fingers crossed for you!
My little nuggets
going to check it out again tonight!!
Jonathan Dean 4.5.08
Anna Capri 5.4.11
still in negotiations, have no idea how this is going to go.
it kind of sucks because the son is buying the house but we are actually seem to be negotiating with the father and they are taking the tactic of long waits etc. to come back with an offer.
Story of my life. We sold our house to a single guy, who, despite being in his mid-30s, could not make decisions for himself. Thus he would agree to something during the day while at work, go home and talk to mom and dad and come back with a different and often ridiculous demand in the evening. Our realtor warned us that deals with parents involved are usually the hardest bc the parents have no emotional ties or "skin in the game" and its all business and financial bottom line. I hope things move quicker for you after this initial counter. I just kept reminding myself...when its all over I wont care how we got to the end (as long as its somewhat reasonable).
not to mention his father is a lawyer so everything is a list. He isn't familiar with our specific area (which hasn't dropped drastically in price) and talks about south philly in general so it is kind of annoying. i mean we are coming out a head which a lot of people can't say but i am not about to let the house go for nothing.
Our realtor always told us that parents are total deal breakers and this is magnified x 1000 in the city
Good luck lachute - I bet the guy really wants it but the dad is trying to squeeze everything he can out of it
DS 3.12.08
DD 7.11.09
DD 8.01.13
This.
A lot of buyers think seller assist is a gift, and is above and beyond the offer price.. I try to educate them that it's not - and you need to factor it all in, and deal in net numbers to the seller.
Not odd at all. Actually, we asked this with your house before offering. It's not a formal request, just kind of a "where do we stand on things" considering the house was full of stuff and we wanted to know they werent going to need 90 days to vacate.