Buying A Home
kaitlyn&henry
member
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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.
Update--buying a short sale
So we put in a contract on this house...its in better condition then we expected it to be-a new roof was put on in 2006, the hot water heater was just put in this sept. and all the appliances are new.
so the sellers accepted...and i guess its now waiting for the bank to accept/reject? I know this can take the most amount of time...does anyone know about how long?
My other concern is how we would break our current lease...we dont have a copy of the lease agreement, is that something we can request from the leasing office?
Re: Update--buying a short sale
Expect to have a 60-180 day wait.
Unless you just re-signed the lease, chances are your lease will be up before your SS is approved
It took 3 months for us, from the time we put in our offer to the time it was accepted. It would have been faster but we found out halfway through that they had 2 liens on the house. This is the "hurry up and wait" part but be patient, it'll happen eventually lol
Raeleigh Elizabeth http://theturnerpage.blogspot.com/
I know it will take a while...im feeling a little down and out about it today because our agent pretty much said its a long shot, especially because its an fha loan and its contingent on this shared well. We still cant find anything out about a shared well agreement (which will make or break getting the loan).
She also said the listing agent is probably dragging his feet on this contract because its a lower offer than the listed price (which my agent said to do) and wants a better offer. We were perfectly fine offering the listed price...so like i said i guess im feeling like it really is a long shot now, and sad cuz i fell in love with this house.