How long did it take you from 1st accepted to contracts signed?

I know everyones situation is different - we signed our half of the contracts as the buyers 3 weeks ago today and left our entire down payment- the sellers have every excuse in the book as to why they havent signed yet (mostly their REA being a PITA) - It was so exciting and it is becoming more of a disappointment that 3 weeks later new issues still keep coming up. Such as we had the home appraised and then they 'werent sure if they wanted to sell to us even if the house appraised fine since we are first time home buyers' - then we wanted a sellers concession - they were fine with it as long as it goes thru with the mortgage company, our mortgage broker and attorney are bending over backwards and they get the appraisal DONE to get it approved, SENT the mortgage to the UNDERWRITER to make sure the mortgage would get approved and NOW after ALL OF THAT IS DONE - they want to talk about the fee that they may be responsible for with grieving their taxes - fine NO problem - but up until this day - when DH or I email the sellers realtor (by way of fake email account) she is telling us that the home is still available and can be shown.......

Re: How long did it take you from 1st accepted to contracts signed?

realtors always do that until the contract is signed. some will even do it after the contract is signed.

i am sorry your sellers are being so difficult. if it's meant to be, it'll be worth the wait and heartache!

Message edited 5/21/2009 8:28:21 PM.

Re: How long did it take you from 1st accepted to contracts signed?

We accepted an offer on monday (I think), the inspection was Thursay. the buyers only signed their part of the contract today (one full week after the inspection). And who knows when we will sign since its a holiday weekend - I'm guessing not until tuesday or wednesday of next week.

Re: How long did it take you from 1st accepted to contracts signed?

Posted by ImHisMrs

I know everyones situation is different - we signed our half of the contracts as the buyers 3 weeks ago today and left our entire down payment- the sellers have every excuse in the book as to why they havent signed yet (mostly their REA being a PITA) - It was so exciting and it is becoming more of a disappointment that 3 weeks later new issues still keep coming up. Such as we had the home appraised and then they 'werent sure if they wanted to sell to us even if the house appraised fine since we are first time home buyers' - then we wanted a sellers concession - they were fine with it as long as it goes thru with the mortgage company, our mortgage broker and attorney are bending over backwards and they get the appraisal DONE to get it approved, SENT the mortgage to the UNDERWRITER to make sure the mortgage would get approved and NOW after ALL OF THAT IS DONE - they want to talk about the fee that they may be responsible for with grieving their taxes - fine NO problem - but up until this day - when DH or I email the sellers realtor (by way of fake email account) she is telling us that the home is still available and can be shown.......

Re: How long did it take you from 1st accepted to contracts signed?

Posted by belladi

Posted by ImHisMrs

I know everyones situation is different - we signed our half of the contracts as the buyers 3 weeks ago today and left our entire down payment- the sellers have every excuse in the book as to why they havent signed yet (mostly their REA being a PITA) - It was so exciting and it is becoming more of a disappointment that 3 weeks later new issues still keep coming up. Such as we had the home appraised and then they 'werent sure if they wanted to sell to us even if the house appraised fine since we are first time home buyers' - then we wanted a sellers concession - they were fine with it as long as it goes thru with the mortgage company, our mortgage broker and attorney are bending over backwards and they get the appraisal DONE to get it approved, SENT the mortgage to the UNDERWRITER to make sure the mortgage would get approved and NOW after ALL OF THAT IS DONE - they want to talk about the fee that they may be responsible for with grieving their taxes - fine NO problem - but up until this day - when DH or I email the sellers realtor (by way of fake email account) she is telling us that the home is still available and can be shown.......

You gave them your WHOLE down payment... And 3 weeks later no signed contract.. Do you hve an attorney. It shoudnt take sellers NO more than 7-10 days to sign.. You need to get your attorney INVOLVED.. And whats your agent doing twiddling their thumbs..
Thats absurd...

Re: How long did it take you from 1st accepted to contracts signed?

Do you know if they cashed the check yet? Ask your lawyer if their lawyer is allowed to cash the check without having the Seller sign the contract. It seems to me that they would have to do both around the same time. Maybe your money is not tied up after all - maybe you can stop payment on the check!

Message edited 5/22/2009 8:56:38 AM.

Re: How long did it take you from 1st accepted to contracts signed?

Posted by ImHisMrs

Posted by belladi

Posted by ImHisMrs

I know everyones situation is different - we signed our half of the contracts as the buyers 3 weeks ago today and left our entire down payment- the sellers have every excuse in the book as to why they havent signed yet (mostly their REA being a PITA) - It was so exciting and it is becoming more of a disappointment that 3 weeks later new issues still keep coming up. Such as we had the home appraised and then they 'werent sure if they wanted to sell to us even if the house appraised fine since we are first time home buyers' - then we wanted a sellers concession - they were fine with it as long as it goes thru with the mortgage company, our mortgage broker and attorney are bending over backwards and they get the appraisal DONE to get it approved, SENT the mortgage to the UNDERWRITER to make sure the mortgage would get approved and NOW after ALL OF THAT IS DONE - they want to talk about the fee that they may be responsible for with grieving their taxes - fine NO problem - but up until this day - when DH or I email the sellers realtor (by way of fake email account) she is telling us that the home is still available and can be shown.......

You gave them your WHOLE down payment... And 3 weeks later no signed contract.. Do you hve an attorney. It shoudnt take sellers NO more than 7-10 days to sign.. You need to get your attorney INVOLVED.. And whats your agent doing twiddling their thumbs..
Thats absurd...

The whole downpayment was given to our attorney - apparently its the sellers REA that is finding new road blocks to constantly throw up - we both want this house - but its become such a headache that even if we did want to continue the search - if we go with something else - all of our downpayment is tied up for who knows how long...

Message edited 5/22/2009 9:08:33 AM.

Re: How long did it take you from 1st accepted to contracts signed?

I agree with the pp - they are playing games. They probably are trying to wait it out to see if they get any other/better offers... which is not right. Personally, I would tell them if the contract is mot signed by a certain date, you redact your offer and want your downpayment back so you also can move on.

Re: How long did it take you from 1st accepted to contracts signed?

when we put offers in i had asked how long and they told engineer (2-3 days) you need to get in, next day you get your report, then the next work day you get your lawyer and go into contract. 1 to 1 1/2 weeks tops.

They don't like your offer they are trying to field other offers your lawyer needs to get a commitment to closing otherwise you risk loosing the property if someone falls in love with it and outbids you. Then they will put you against the wall and say up your bid (after you spent the time to hire a lawyer, pay for engineer.)

Re: How long did it take you from 1st accepted to contracts signed?