Here it is, two days past the original closing date for our sale of Bargain House, and we still have no check and no inkling of when we might get a check.
Hick has been communicating with Realtor Guy. It's not like he is ghosting us. He just has no information to give. The last we heard, the Buyer's financial institution had scheduled an appraisal of Bargain House on April 3, which was Good Friday. The Monday, April 6, closing date came and went. No closing.
On Monday, Realtor Guy informed Hick that the reason for the last-minute appraisal was because "The Buyer's financial institution had the wrong closing date."
How does that happen? Three ways possible, I'm guessing. The financial institution got the wrong closing date from Buyer, or Buyer's Realtor. Or they got the right date, but a worker at the financial institution itself recorded the wrong date.
Anyhoo... Realtor Guy told Hick that the appraisal report should be in "tonight." What does THAT mean? Do they work 24 hours? Where does it come "in?" To the financial institution, maybe? Then what happens? Do they have a board that has to approve the loan?
Hick told Realtor Guy on Monday that if our closing could not be scheduled for Tuesday, Wednesday, or Thursday, it would have to wait until next week. As I type this, it is Wednesday night at 9:00. Hick talked to Realtor Guy this afternoon, and he said he still had no information on a closing date.
Looks like it will be next week at the earliest. Hopefully, it won't conflict with Hick's as-yet-unscheduled diagnosis/treatment of his lung ailment. Meanwhile, Hick's glass guy is fixing the windows at Bargain House on Friday.
Surely it's at least good news that we haven't heard anything, right? Wouldn't we know by now if Bargain House was not appraised at the amount needed to justify Buyer's loan? We're not counting on anything for certain...
Sheesh! That is frustrating. No news is good news, but even if there is bad news, the sooner the better so you can make informed decisions.
ReplyDeleteYes, we are not worried that Bargain House will sell. We would just regret the time lost if this deal falls through and we have to open up the listing again.
DeleteI don't like the sound of this, someone somewhere is stalling and needs to get a good kickstart.
ReplyDeleteI don't get the lack of urgency. Whether buying or selling, we are ready to get the deal done, and move on. So it DOES seem like somebody is stalling on this one.
DeleteSame thing happened to us selling the campground. The bank insisted on the appraisal and when they finally got it done, they could not close fast enough. Because it appraised so much higher that the listed price. They revealed this little tidbit to one of the campers that still communicates with us. The bank gave them more that the sale price to do some expansion. The funny part is that they added a new tent area among other things and changed the name of the campground, but they have yet to change the signs on the interstate or the bill board. They were so strange.
ReplyDeleteReminds me of the guy who bought our Double Hovel, and decided to tear out everything in the CUTE little Beauty Shop, and make it a workshop!
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