Offer to Purchase Accepted - House Pending

Surprise, Surprise!

I thought I was going to have a nice quiet day. We were sure that because of the Labor Day Holiday that nothing would happen with the paperwork we had done late yesterday afternoon. I guess that just shows you how business can be conducted when someone really does want to sell a house. With this house being a foreclosure the paperwork was different, so the Seller came back with "addendums" to our Offer to Purchase. These were added paperwork that the Seller wanted signed. Nothing that surprised us or that we hadn't expected, just basically more of the same "CYA" from the Seller. (Typical and to be expected with an AS IS purchase) They were really making sure that we understood what we were getting into. All of the paperwork was signed and is being overnighted back to the Seller's Agent.

While I was in our agent's office, we went ahead and called to schedule the termite inspection which the bank will require. That is set for Tuesday afternoon. The mortgage banker was also contacted when I got home, the appraisal will be scheduled and our new lower interest rate will be locked in Tuesday. Full speed ahead!

Offer Made on Foreclosure

De Ja Vue !
It was exactly one month ago that we were doing exactly the same thing....submitting an Offer to Purchase on another house. AND today was the date scheduled for the closing of that other house. Hmm....if I were superstitous, I might be concerned with what that meant, but I'm not, so I couldn't care less. :p

We met with our agent and went through all the paperwork earlier this evening as soon as hubby got off work. Due to the Labor Day Holiday Weekend we certainly don't expect much before Tuesday or Wednesday at the earliest. From then on it's just wait and see what happens and what we do next and when.

POOF! Gone!

Seller Emerges From the Dead........and Keeps House
Finally contact is made, and Seller refuses all repairs. States that moisture barrier was just installed and should take care of problem. (Obviously hasn't seen the house any time lately, but whatever....IT'S HIS!)

Offer to Purchase ----> Withdrawn under 13c Cost of Repair Contingency.

The money we loose on inspections, appraisal, etc is less than the cost to correct the moisture problem by ourselves. And I am certainly not going to tell that 'homeowner' that his plastic isn't going to work by itself.

I have to get back to the MLS listings. They have gotten away from me lately and I have lost track of what's on the market! Back to house hunting!

Closing Doubtful

Questionable Behavior Arises Again
It once again appears our "Out-of-State" Seller existance is in question. We are both again also questioning how serious this occassionally appearing individual is on the subject of selling this house. I personally see alot of research into various "agencies" rules and regulations ahead.

How can a licensed Realtor list a home for sale without proper contacts? This is the 2nd time that the Seller's agent has not been able to get a response from their client. We are entitled to submit the Repair Request according to my understanding of the Offer to Purchase contract that we have, yet it goes unacknoledged. We have been REFUSED a signed copy of this Offer to Purchase by this same agent with claims that it is "not required" by their office." I don't know how the courts feel about faxes and emails so I INSIST on an original for my records.

This same treatment happened when we submitted the Offer to Purchase initially, except I was the one that said "Withdraw the Offer." Now it's coming from the other half of the "we" and he is furious.

One Week From Closing Date

The Sound of Silence....AGAIN
Well one week from today, as our "Offer to Purchase" now states, is our closing date. (Aug 31) The Seller's Agent was presented with the Repair Request and Agreement after our meeting with our agent late Monday afternoon/evening, and we have yet to receive any sign of life.

Let me interject that this seller is out-of-state and after failing to even acknowledge our Offer to Purchase for a WEEK....we withdrew that offer promptly the next business morning! Lesson for all purchasing a home and dealing with "out-of-town" owners --> Set a time limit for responses! Now in fairness to individuals who must move before their homes are sold, I am sure when dealing with these homeowners a buyer would have no problems. On the other hand, if you happen to be dealing with a business of some kind that owns the home, they need to be reminded that you don't care how "busy" they are....you only care about 1 house deal.