(Closed) Anyone with realtor or buying selling house knowledge please help!

posted 6 years ago in Home
Post # 3
1611 posts
Bumble bee
  • Wedding: June 2012

I understand that you are mad, but the bank moves at their own pace, and honestly, you may have to set it back even more.  When I bought my house, I was on the other side of the scenerio.  Our bank didn’t start finishing our loan until a week and a half before our set closing date (apparently this is normal), then they didn’t end up finishing on time, so we had to set our date back.  Just understand that no one is lying our trying to screw you over… the bank just works at their own pace.  I was sitting on pins and needles waiting for the bank to finish and have our closing paperwork.  I didn’t even know if we were closing until about an hour before we did.  I think ours was an extereme situation, and our bank really screwed up, but just be prepared; this stuff can get messy!  I would schedule the movers for the date you are planning on doing right now, but do it wtih the understanding that you may have change the date.  I think most movers are understanding of this… Ours was.

Post # 4
2023 posts
Buzzing bee
  • Wedding: May 2013

Unfortunately, I believe this is a pretty common occurence.  I didnt know until the night before that I was going to close on my house when I both bought and sold it.  It was really frustrating because I had to bring cash to the table each time – and it had to be a money order.  I never would know the exact amount until last minute either. 

My FH just bought a house For Sale By Owner… and the process went a LOT quicker.  BUT the “unknown” closing date was still a problem even then.

Its frustrating but CONGRATS on selling your condo!!! Thats awesome!  Its a tough market out there!

Post # 6
658 posts
Busy bee
  • Wedding: December 2012

@Mrs.ice:  It is really common. It takes time for the process to be complete, and unfortunately since there are so many people involved in buying/selling property, that time flexes a lot. What I suggest to you is to go ahead and get the things packed that you know you wont need between now and then. Touch base with the moving company that you are using. If they are movers, they understand these things can be touch and go. Let them know that as soon as you have a date, they will.

Also, label every single box that you pack, that way if you need to get back at something before the move, you dont have to empty every box looking for it. Such a big help when moving and not sure of an exact date.

Post # 8
658 posts
Busy bee
  • Wedding: December 2012

@Mrs.ice:  I completely agree. Its almost easier if you have that deadline so you can say to yourself, “ok, i have to have this, this, and that packed by this date, and I can work on this room this day. etc.” When you dont know how much longer you will be in your place, its so hard to know what you will need and what is ok to be packed up.

Good Luck!Smile

Post # 9
1427 posts
Bumble bee
  • Wedding: November 1999

@Mrs.ice:  Unfortunately its pretty common. Closing dates will depend on how long it takes the lenders to get their stuff together. Hang in there!!

Post # 10
3041 posts
Sugar bee
  • Wedding: May 2010

It sounds like they’re waiting on the bank. And the bank pretty much takes its own time. It doesn’t sound like its the realtor’s fault… they get paid when you close so I’m sure they’d tell you if they knew!

I got my estimated closing date about a month out & that was the date we were supposed to close. However, I didn’t realize it took a few days to get the insurance binder, I called them the day before we closed & they couldn’t get it to me in time :(. It was my fault, I was used to car & rentor’s insurance that they could set up within like an hour. So we closed a few days later, but I did have a closing date!

Post # 11
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

I agree with the others. You can’t get a firm closing date until the bank has finished its underwriting process, which is dependant on its own competence and the responsiveness of the buyer. Sometimes things go smoothly and things close on schedule, and sometimes there are hiccups that delay the process. Your realtor really has no role in advincing this step of the process. Our papers were not readied by the bank until 2 days before our scheduled closing. So up until that time everything was wishy washy. 

Post # 13
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

What bank are the buyers going through? Big banks (BoA, wells fargo, etc) tend to drag their feet and get bogged down in levels of red tape more than small banks or credit unions.

Your realtor has zero control over it. It’s all the bank/how fast the buyers get the necessary docs to them.

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