(Closed) freaking out!

posted 5 years ago in Home
  • poll:
    your odds are good! : (39 votes)
    98 %
    sorry...keep looking. odds aren't in your favor on this one : (1 votes)
    3 %
    other. : (0 votes)
  • Post # 3
    4355 posts
    Honey bee
    • Wedding: June 2013

    I say your odds are really good, 24 hrs is not very much notice when their condition was the sale of their house. Good luck!

    Post # 4
    410 posts
    Helper bee
    • Wedding: November 2014

    I doubt they’re going to want 2 mortgages, and if the house hasn’t sold, I doubt it magically will in the next 24 hours. Even if they did get an offer, it takes much longer than that to go through the whole process.

    Fingers crossed for you, looks like you might be getting the house 🙂

    Post # 5
    664 posts
    Busy bee
    • Wedding: June 2012

    We just sold our house and ended up with two offers like this, and the realtor for the second couple told us straight up that he would be very surprised if the first couple firmed up their conditions. He said it’s pretty rare for people to take the risk, and we have a 48h notice period here, which gives them twice as long to weigh the odds. So I voted that your odds are good. 🙂

    Post # 7
    9618 posts
    Buzzing Beekeeper
    • Wedding: April 2019

    I agree with all PPs, odds are looking good!

    Post # 8
    751 posts
    Busy bee
    • Wedding: July 2012

    Keeping my fingers crossed for you!

    Post # 10
    1213 posts
    Bumble bee
    • Wedding: January 2004

    @nibbler:  Cingratulations!  Good luck with the rest of the process!

    Post # 11
    3417 posts
    Sugar bee
    • Wedding: September 2014 - Lodge

    @nibbler:  We had a VERY similar situation happen to us.  We put an offer on a house and needed to sell our house but the sellers put the condition that we had 2 weeks to sell our house and then put a 48 hour clause meaning after our 2 weeks were up they had to give us 48 hours notice to either pay up or lose the house.  Obviously no one can sell a house that quickly and we were frantic.  On the last day of our 2 week grace period we made a counter offer which they accepted and gave us more time to sell, we ended up selling our house within a week later.

    During that 2 week period Fiance and I tried to see if we could still get the loan on the new house until our current house sold and it was impossible.  We had to have a co-signer and no one we knew was able to do that.  Either people were retired, not enough credit built up or whatever.  Most banks won’t give you a loan while you currently own another house you need to sell in order to get the money for a down payment as well as pay off whatever you still owe to the bank on that loan.

    I say your odds seem pretty good for getting house.  In rare occasions does it work out for the person who has to sell but I say if they haven’t been able to sell yet the odds are in your favor.

    Post # 12
    1408 posts
    Bumble bee
    • Wedding: November 2013

    @nibbler:  congrats!! 🙂 

    The topic ‘freaking out!’ is closed to new replies.

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