Update: Previous home owner left furniture behind and wants to get it at their convenience [CA] Real Estate |
- Update: Previous home owner left furniture behind and wants to get it at their convenience [CA]
- Can someone explain this hope for a “crash”?
- The next level of absurdity has been reached
- UPDATE: Closed on Multi-Unit in Chicago yesterday W/ FHA Loan & $19,929 Lender/Seller Credits
- Previous home owner left furniture behind and wants to get it at their convenience [CA]
- Inspection came back with a bad roof
- Blackrock, among others, are buying up thousands of new homes and entire neighborhoods.
- What is your experience with conventional loans vs USDA vs FHA?
- Am I able to walk away?
- RATE LOCK process
- Renters: What’s the strangest rules that you had to abide by?
- Thinking of buying a house so can I renew a lease for less than a year?
- Buyers pulled out and next steps
- Questions about Buying with Cash in New York
- Conservation easement
- Last day of inspection period, seller hasn't responded to requests after actual inspection
- Is anyone else actively buying a house they don't like bc they just need a place to live?
- How much of the buying craze is due to cabin fever?
- 1 month post close, Seller's agent hasn't picked up their sign or lockbox. Should I throw them out?
- General advice on how to move
- Need advice
- Chatbots for real estate - an ultimate guide on how to build and use
- What should I expect if I buy a house with some roofing and siding problems?
- Do you consider gentrification to be a bad thing?
- FTHB. Appraisal paid for, but not scheduled - what can we do?
| Update: Previous home owner left furniture behind and wants to get it at their convenience [CA] Posted: 09 Jun 2021 06:22 PM PDT Old post here: https://www.reddit.com/r/RealEstate/comments/nw0a6g/previous_home_owner_left_furniture_behind Thank you all for the fantastic replies! I Responded to a few of you with how things are playing out now, and I'll add it here in case you ever find yourself in a similar situation. The original sellers were offering to sell us the fridge at one point, which we made an offer and they rejected. This is important because it shows that they're not willing to abandon the fridge. When we closed escrow, the house is ours but the fridge is theirs, so we have someone else's item in our home and the owner is aware and wants it back. At about 10am our agent contacted their agent saying that they need to get rid of all items by noon the next day, or they forfeit the items. They agreed to those terms. Then by 6pm, they messaged us saying they've scheduled movers to pick up the items at 2pm, and they made that appointment without consulting our schedules first. We're both at work AND it's out of their agreed upon time frame, and we extend no courtesy for those who refuse to reciprocate. Looks like we're getting a few fridge at the expense of getting rid of other junk! Thank you all for your wisdom and time! [link] [comments]  |
| Can someone explain this hope for a “crash”? Posted: 10 Jun 2021 03:49 AM PDT I know there are a ton of frustrated buyers like me out there; and I keep hearing most of them saying they hope a crash happens soon so there's a housing surplus; etc. I'm not exactly educated on this topic; I only have my own experience to pull from. During the last "crash", I remember how hard it was to even find a job in any industry. Sure, housing was cheap...but that doesn't really matter if you're unemployed. So is there a crash coming where housing is cheap AND everyone still has a job AND interests rates are low? [link] [comments]  |
| The next level of absurdity has been reached Posted: 10 Jun 2021 07:41 AM PDT My wife and I are looking for a home to buy, and are working with a RE agent and we ask them to schedule visits as soon as we see a "coming soon" listing on MLS. They have been doing a great job at getting us appointments. We are extremely solid financially. However, some of those houses for which we have confirmed appointments end up in contract before the first showing. How are we supposed to compete in this market, even though we have the money, if we cannot even see the property? Are we now supposed to just buy sight unseen even though the place is local to us? Also, call me old fashioned, but if we have agreed on a schedule to visit the property, I find it quite disrespectful for the owner to get in contract without even letting me know that the visit is cancelled. I hope there is a special place in hell for sellers like this who have no honor nor respect for others. Edit: Just to clarify - The house went under contract while it was still "coming soon", i.e. before being an "active" listing. Hence my surprise. Is anyone seeing this as well in their area? [link] [comments]  |
| UPDATE: Closed on Multi-Unit in Chicago yesterday W/ FHA Loan & $19,929 Lender/Seller Credits Posted: 10 Jun 2021 06:42 AM PDT original post: https://www.reddit.com/r/RealEstate/comments/nk7ovq/has_anyone_had_experience_with_a_loan_officer/ Timeline: April 8th - Decided after our current condo that we are renting went up for sale that we should take the leap and start house hunting in Chicago April 12th - Connected with agent that was referred to by partner's co-workers April 14th - Pre-approved for 600K FHA Loan @ 2.75% for Multi -Unit April 17th - Viewed 4 properties. 3 - 2-Flats and 1 SFH April 18th - Decided to submit offer for 2-Flat, Listing Price: 499K Offered: 521K FHA, $10K Earnest Closing Date: 05.28 April 19th - Offer Accepted ( over 5 other offers which is INSANE) April 20th - 30th - INSPECTIONS. The seller had a previous inspection report that he sent over and we had our inspections. Both were pretty consistent. We decided to get additional roof inspection (Deal breaker) and pest inspection (checking for significant terminate damage). Both came back great, but we were able to get $5000 Seller Credit for hail damage on roof and gutters Next we had to wait for Appraisal to come back. May 21st - 25th WHEN THINGS GOT IFFY: While we were waiting for the appraisal my partner and I noticed that our loan documents had changed. See original link for more details. So here's the thing. Going into this with our LO, my partner and I were clear with our budget, what we were comfortable putting as a down payment, how much we wanted to keep in our bank accounts, we didn't want to borrow from 401k, etc. I HAD A SPREADSHEET AND SHARED IT WITH OUR LO. Somehow during underwriting our 3.5% down payment was doubled to 7% which was an extra $18,235 that we had not planned to use. When I asked my LO about it she said she didn't know what happened and had to get with the underwriters. She got back with us Monday and we were supposed to close on Friday. Her explanation was that she wasn't aware of the FHA cap for Multi-Units, which was $485,500, and we had to pay the difference in our down payment so the underwriters changed it. Our response: We're walking. Her response: I'll call my manager. Manager came back with offer for $10k Lender Credit, but interest rate is now 3%. Our response: We're walking. We explained that our LO practically sold us into going for a Multi-Unit instead of a SFH and that she guaranteed us that we could do a 3.5% down payment up to 800K. Plus the .25% would be an extra $66 a month. (Yes at this point we were being petty, but also I felt like we needed to stand up for ourselves.) LO/Managers response: Most people refinance out of FHA loans after 5 years, we'll give you $66/month for 4.5 years in lender credits on top of 10k. Total Lender Credits: $13,564 May 25th - Wire $$ for closing on 05.28, still waiting or appraisal. May 27th - Push closing since appraisal still isn't back May 28th - Appraisal comes back at 530K, but with the condition that Seller paints all the exterior chipped paint before closing. Seller Agrees. June 7th - Chipped Paint is inspected and passes. June 9th - Closing scheduled for 330pm. We receive CO at 3pm and our LO calls to tell us that we need an additional $3500 cashier's check. She had assured us that the money wired would be enough, but didn't take into consideration property tax pre payments. Luckily we're close to the Title company downtown (we rode our bikes there) and a Chase bank is right on the corner. Arrive with Cashier's Check in hand at 330pm. Attorney finds some discrepancies and we end up with an additional $1365 credit from seller. Closing lasts around 3.5 hours. THIS HAS BEEN A JOURNEY. We wanted to throw in the towel several times, but didn't and now we're the proud owners of a 2-Flat in Chicago! Thank you for all the advice and resources. We bought a house with a FHA loan in a crazy market in Chicago. [link] [comments]  |
| Previous home owner left furniture behind and wants to get it at their convenience [CA] Posted: 09 Jun 2021 09:41 AM PDT I just closed on a home in California two days ago on the June 7th, so the home is legally ours. The previous owners whom we purchased the home from decided to go on vacation and left a handful of items behind. They left some worn patio furniture, bags of trash & other junk items, but also left a new refrigerator and a small TV. They didn't ask us if it would be okay to do so, and this very much exemplifies their communicative efforts throughout the whole purchasing ordeal, so we're beyond doing what's courteous. My agent informed me that they plan on sending someone to pick up the fridge "sometime", and that they were going to let themselves into my home and remove said items. I'm new to this whole process, but what legal standings do I have to dispose of their unwanted items and to sell/donate the fridge and TV? Do I need to refer to the closing documents to see if they snuck in a line that allows them to come in and finish their move? If they're legally able to retrieve their fridge, can I legally make them take the rest of their trash, too? Any help is appreciated! Thanks :) [link] [comments]  |
| Inspection came back with a bad roof Posted: 10 Jun 2021 08:21 AM PDT We are first time homebuyers and found a house that checked a lot of our boxes. Knowing the market is hot we put an offer in at asking price thinking it wasn't going to get accepted, well turns out they liked our loan style better, and due to the homeowners health situation they wanted to make it an easy and quick close so our asking price offer beat out the higher offers. Anyways come home inspection time everything is perfect, no issues, well maintained inspector is impressed, except of course the roof. It is in terrible needs replacing, but hasn't started leaking anywhere. Seller says they could have accepted the higher offers, gotten the roof repaired, and still made out with a better profit. So they are willing to take 5k off, but that is it. Quotes to repair were around 11-12k, but I have a client who owns a good roofing company and said he would do it for 10k. Our agents offered to buy the home buyers insurance for us as well. Am I crazy thinking we should be asking for a few grand more of a concession? Realtor seems to think that would kill the deal. I know we have had it super easy with our first offer getting accepted, so I don't want to get out there and spend over asking to get into a different house. Also late last year a house sold on the same street, similar size, for 20k under what our original offer was for. [link] [comments]  |
| Blackrock, among others, are buying up thousands of new homes and entire neighborhoods. Posted: 09 Jun 2021 12:15 PM PDT |
| What is your experience with conventional loans vs USDA vs FHA? Posted: 10 Jun 2021 08:00 AM PDT My husband (29m) and I (28f) are in the market for buying our first home. We qualify for USDA, FHA, and conventional (5% down). My realtor has been showing us houses that qualify for each loan. So far, we have been in a contract with a USDA loan (0% down) on a home (bad inspection- we terminated). So now our realtor is showing us a home that we can purchase with conventional (5% down) and she mentioned we wouldn't have to pay a funding fee (which is required with a USDA. I have done research on all of these types of loans, and I feel like USDA is the best option for my husband and I (cost wise). My question is, what is your experience with these types of loans? If you also qualified for these loans, which one did you choose for the best financial outcome? Are conventional mortgage rates that much higher than USDA in today's market? I'm also working with a lender, but I thought I would ask Reddit and people who have been through this, as well! [link] [comments]  |
| Posted: 09 Jun 2021 10:27 PM PDT I'm supposed to close on a home July 1st. The seller is currently renting the property and the tenants are supposed to move out before July 1st. They have made no effort yet to move out and don't even have anywhere to go. If the tenants are still in the home by the closing date, am I legally able to walk away from the contract? There's nothing specific about these circumstances in there, and the seller lied to the appraiser and said she was the one living there so it doesn't look like a rental property. If I'm not able to walk away, can I ask for a lower price on the home? [link] [comments]  |
| Posted: 10 Jun 2021 06:50 AM PDT We are at the stage of drywall and I still don't have closing date. My realtor is concern if I don't have my mortgage company fixed, I may not close in time. I have two options,
Question is,
Any detailed guidance will be appreciated!! Thanks [link] [comments]  |
| Renters: What’s the strangest rules that you had to abide by? Posted: 10 Jun 2021 08:41 AM PDT I have some pretty weird rules in my complex, and by weird i mean borderline (if not) imposing. Does anyone else who rents an apartment have any weird rules they want to share? I dont mean rules that make sense, im talking about the really strange rules, if any come to your mind as an apartment renter). Just want to discuss with others if there are any rules you feel are just too much, especially for a consistently paying tenant. At the end of the day, rules are rules, but we can talk about them if they are strange 😋 If this topic doesnt apply to the sub, my apologies, ill take it down if so, just thought this would be an interesting topic to get into to spread discussion and awareness. Thanks a lot! [link] [comments]  |
| Thinking of buying a house so can I renew a lease for less than a year? Posted: 10 Jun 2021 08:13 AM PDT I have a lease expiring in about 7 weeks (end of July) but I have just decided it would be better to buy a house instead of renewing my lease. I unfortunately made this decision quite late and I realize 50 days is very short time to close on a house. I do not want to renew my lease for another year, would it be possible to renew for a few months instead of a year? I live in NYC if it makes any difference. If I can't renew for less than a year should I even try looking for a house with 50 days to go on my lease? Thanks in advance! [link] [comments]  |
| Buyers pulled out and next steps Posted: 10 Jun 2021 08:04 AM PDT We are selling our condo in CA. We started escrow a few days ago. 2 days in the buyers pulled out due to someone in the complex being listed on Megan's Law website. 1 Agent is unsure if when we list again, if we need to disclose this in the listing? Do we? Anything we need to do or be concerned about?2 We feel that this is something the buyer should have done before putting down an offer and beginning escrow. They had over a week before we accepted the offer as well. Earnest deposit was not due till the day after they withdrew the offer. Are we still entitled to the earnest deposit?3 If we aren't entitled to the earnest deposit, can someone can explain like I'm 5, why we signed a contract if they can pull out at any time for any reason?[link] [comments]  |
| Questions about Buying with Cash in New York Posted: 10 Jun 2021 07:36 AM PDT It seems like we are losing to cash buyers for the most part, so I would like to know what's the main difference when someone is buying cash, and if I were to say win the lottery and decide I want to do the same, what is the process? Since there is no bank, do they still get appraisals and who does the title search and all the stuff that Banks do to safeguard against claim/etc from past owners, or any outstanding liens? If anyone recently bought a property all cash in New York (I understand the process is different for each state, that's why I wanted to mention the location) can you please share your experience? [link] [comments]  |
| Posted: 10 Jun 2021 07:30 AM PDT We're supposed to be closing today on our new house with a 1.5 acre lot. We got the survey today and about 70% of the lot is marked as a conservation easement. The size of the lot was something we really liked about the house, but now we're concerned about other restrictions. We were really hoping to have a fence for our dogs to run and play, but with only .1 acre to work with there's not much point. Can we legally put an invisible fence on a conservation easement? This feels like a bait and switch tactic to me, why advertise a 1.5 acre lot when the majority of it is restricted? [link] [comments]  |
| Last day of inspection period, seller hasn't responded to requests after actual inspection Posted: 09 Jun 2021 04:10 PM PDT In AZ, we can walk away from a deal within 10 days no questions asked. We don't plan to walk away but we did over pay and after the inspection we asked sellers for 1,500 in closing credit for repairs needed. They have not responded and today is the last day of my inspection window. What happens now if they decline our request? Can they be stalling on purpose? Edit: found out that sellers have 5 days to respond and if they accept we move forward, if they don't accept then we have an additional 5 days to cancel or move forward without what we asked for. A side note: it would be really neat to ask a question on here and get an actual answer... and not be met with disgruntled random opinion. I definitely don't mind adding detail to satiate one's curiosity but why are grouchy responses so typical on here, sheesh! [link] [comments]  |
| Is anyone else actively buying a house they don't like bc they just need a place to live? Posted: 09 Jun 2021 08:28 PM PDT Here's my situation. I delayed buyinging in early 2020 to see if the pandemic would lower prices. Obviously a big mistake. Then housing dried up. I was sitting pretty with a huge 20% down payment ready to go and then there wasn't much to buy. I bid on 3 houses and lost out on them all. Now everything is so much more expensive and every house for sale is kind of in shitty condition bc there's no incentive to fix anything up to sell bc the prices just keep going up and keep getting bidding wars. I have reached a breaking point where I am buying a house that is the most expensive per for square foot in the neighborhood and definitely the ugliest and oldest yet. Great yard and quiet street though. I already hate the house itself and I haven't even closed on it, but I just don't have any better options so I'm buying it. I sold my previous home last spring expecting to buy in the summer of 2020. Then Covid hit and I have been living with my parents for over a year now. While they are exceptionally wonderful and we love each other very much, I am more than ready to regain my independence. I considered renting, but I feel renting is a waste bc prices aren't coming down anytime soon so I might as well buy now bc this area is where I'm staying. I have been waiting for over a year for good choices to pop up, but they just keep getting more and more worse and more and more expensive. I can make the house into what I'd like, but it's going to take 100k to get it to the same condition of houses that sold for the same price just 6 months ago. And I don't know if I'll ever be able to afford that. It's not in disrepair, it's structurally sound and everything works, but it was a lot of patch jobs and poor design choices. So everything was fixed with cheap quality work and poorly executed DIY cosmetic changes. Is anyone else in the same position? I feel like a brat that I'm complaining about being lucky enough to afford a house in an area I want to live, but the house itself is just ugly, badly taken care of, and the most expensive house per square foot yet. I'm going through with it, but I secretly hope the seller screws the deal over somehow. [link] [comments]  |
| How much of the buying craze is due to cabin fever? Posted: 09 Jun 2021 08:58 AM PDT Wife and I recently realized that the main reason we were looking at moving to the burbs doesn't really apply anymore as travel is opening up. We were looking at getting more space because we have spent the majority of the past 15 months at home due to WFH AND not leaving more than a 50 mile radius of our house. Now we have 4 weeks of vacation planned for this year (trying to make up!) and we feel like the "motivation" behind wanting to move to a larger place is fading. We'll still be WFH, but more likely a hybrid and than full remote. Anyone else think that some of the buying craze is just due to cabin fever? People wanting yard space etc? In hindsight, we were short sighted. Also looking at the US daily travel figures, we are nowhere near the 2019 levels still. Should be noted that a percentage of this is business travel and maybe that won't be coming back for a while. [link] [comments]  |
| 1 month post close, Seller's agent hasn't picked up their sign or lockbox. Should I throw them out? Posted: 09 Jun 2021 09:48 PM PDT Closed a month ago. Our (Buyer's) agent has reminded the Seller's agent 3 times to pick up her sign and lockbox (traditional lockbox not Supra). Seller's agent keeps saying she will get them, but hasn't. Should I just... Throw them out at this point? [link] [comments]  |
| Posted: 10 Jun 2021 05:17 AM PDT Hello all, just seeking some advice on what route I should take here. Small backstory, moved into my first home at the age of 26 and closed on a new build with an FHA loan. Knew the area wasn't the best, but there have been a couple of shootings that are within a couple of miles of our house since the start of 2021. I have a young child and have decided I don't want her to grow up in this area. My issue is that I put almost everything I have into buying the house and I have a good amount of debt at the moment (21k through a couple of loans, CC and a car loan). Any advice is welcome! [link] [comments]  |
| Posted: 10 Jun 2021 08:57 AM PDT Hello! I am debating whether or not to buy a home next year. I make 50k and my husband is finishing up PT school and by next year he will have one year left. Has anyone had experience with buying a home when you significant other is in grad school? We are both in our early 20s but we're currently paying about $1600/ month in rent and have been for the last two years. Right now I work from home but still going into the office occasionally so would be interested in the PA/NJ/DE area. Thanks! [link] [comments]  |
| Chatbots for real estate - an ultimate guide on how to build and use Posted: 10 Jun 2021 08:54 AM PDT Building a real estate chatbot isn't only about keeping up with the latest trends. First of all, it's about reducing costs, increasing conversions, and improving customer experience. Hundreds of companies in the field do their best when it comes to the abovementioned goals. And to achieve them, you need bots as the number one tool. According to chatbot statistics 2020, real estate is the top industry profiting from chatbots (28%). Then comes travel (16%), education (14%), healthcare (10%), and finance (5%). The reason for such popularity is obvious: agents realize that bots for real estate can effectively handle most of the routine tasks, saving their time, resources, and, eventually, money. Are you, too, considering how to use bots in your real estate business? We applied our vast experience to prepare an ultimate guide for you on how to develop a real estate bot in the best possible way. BENEFITS OF BUILDING A CHATBOT FOR REAL ESTATE In terms of real estate, lead generation becomes more difficult due to the complexity and specifics of the industry. Since agencies started work online, the competition is tougher than ever before. Houses and apartments are not something you can find on Amazon and order after reading descriptions and user reviews. Prospective buyers demand 3D tours, super precise answers, and personal assistance. Realtors can't process tons of data in various databases because of the limited human resources. And this is where real estate chatbots step in. Below you may find the main benefits of using chatbots for websites, social networks, and messaging apps. LOWER COSTSChatbots don't need a salary, bonuses, insurance, sick, and maternity leave. Once implemented, they just work without any additional money input. Of course, you may spend some budget on developing new features in the future, but overall, the costs would be much lower than the support or consulting team. PERSONALIZED OFFERSOne of the main bots' tasks is to define clients' needs and interests. Each potential buyer is interested in different apartments, houses, prices, locations, conditions, etc. With the help of a series of questions (and answers analysis), chatbots can easily figure out what exactly a customer wants and offer the most relevant objects to consider. Since all of this is done interactively without any tedious forms to be fulfilled, customer satisfaction would be higher than you might have previously experienced. PROMPT RESPONSESChatbots respond to customers' queries immediately, thus increasing client satisfaction and bringing new leads. AI-powered solutions do this not only faster, but also smarter. It takes seconds or minutes for support or consulting manager to form an appropriate answer; bots do this within milliseconds. AVAILABILITY 24/7With a real estate bot, you guarantee your business's constant presence for current and prospective clients. Your clients will get answers to their questions any time of day, leave their contacts and feedback for you to process during the working hours. QUALIFIED LEADSBots for real estate guide customers through all the stages until they appear as close to the deal as possible. In such a way brokers spend time and resources most efficiently working with the MQL. After you've determined clients who are considering the most relevant options on the market, the chances are they make a purchase just after seeing a couple of property variants. AUTOMATED SCHEDULINGWhen a prospective client is ready to visit a property or schedule a call with the broker, they just need to notify a chatbot. It will select the most convenient time for the customer and realtor and make sure everything is arranged on time. SMART FOLLOW-UPSDatabases are updated so frequently that you can miss a match between a customer and a property. Fortunately, with a bot for real estate, you get an opportunity to keep up with the latest updates and notify the clients about everything they could be interested in. TRACKING AND LOGGINGYou can establish a flow where every query is automatically sent to the database and its request type, client's name, email address, date, location, status based on a virtual conversation. What is more, you can add filtering by the criteria mentioned above. BETTER ENGAGEMENTImagine that you visit a real estate website, and the first thing you should do is fill some online form. Well, that could work a decade ago, and most clients might have been fine with that but not now. A first touchpoint in the customer journey often is decisive. If instead of an obsolete online form clients are invited to a chat, where they can discuss their personal query, the chances are they will go further increase. WHAT TO CONSIDER WHEN BUILDING A REAL ESTATE CHATBOT Before you start, it's suggested to set up a goal, review your competitors' solutions, and set your budget limits. In case of real estate bots you can always adjust the code and update the features but let's not overpay for something you won't actually use. Here are a few points you need to consider before starting the development of real estate chatbots. So you can read our article on the page below. Thanks a lot for reading and welcome to our page! [link] [comments]  |
| What should I expect if I buy a house with some roofing and siding problems? Posted: 10 Jun 2021 08:37 AM PDT So, I got an inspectors report back a few days ago on a house, and I have been debating how exactly to proceed. I'm considering backing out of the deal entirely, but I like the majority of the house. It has some great charm, the back yard is great, I mostly like the layout of the interior, and it has nearly everything I would need to feel comfortable likely for quite a long time. It is also in an area that I suspect will see a fair bit of growth in the next few years, and is a short walk to the downtown area. The problem is, it is definitely an older place. It was built in 1898, and although it has had many remodels and renovations, I get the impression the cedar siding is nearing the end of life (although hopefully still got another 3 or 4 years left if I do some touch up prepping and painting), and there are a number of patches that were done in a rather subpar way, one window improperly installed, and some spots where the siding wasn't overlapped properly. And the roofing has a number of spots where the flashing was improperly applied and generally changes were made that weren't up to proper standards. As of now, my thinking is that I will probably be looking at ~$600 in roofing fixes in the short term (got a quote from a roofing guy), as well as some time and/or money to repaint parts of the siding, and then over the next 5 years I will likely want to do replacements of the roof and siding, likely for somewhere in the ballpark of ~$40k total (1800sq ft 2 story house, $480k). I could manage that, although I would, of course, not want it to go way above that. My question is, how often do replacements like those end up leading to even larger problems discovered underneath? And how catastrophic of problems could there be in the meantime if so far I (and the inspector) see no evidence of water damage or anything anywhere in the house? I know this isn't a super well defined question, but I'm really struggling with this decision, and hoping to get some additional input. [link] [comments]  |
| Do you consider gentrification to be a bad thing? Posted: 10 Jun 2021 08:37 AM PDT Do you consider gentrification to be a bad thing? ( not merely a thing that some bad side effects) [link] [comments]  |
| FTHB. Appraisal paid for, but not scheduled - what can we do? Posted: 10 Jun 2021 12:51 AM PDT Background: buying a SFH in New Mexico, using a USDA loan. Offer was accepted in mid May, with a late June closing date. We switched lenders after our first mortgage agent repeatedly screwed up (ex: took two weeks to send us a loan estimate). Now we're working with an agent at an online mortgage broker, and things have been a lot better - until now. A week ago, our mortgage broker had us submit credit card info to the appraisal company so that the appraisal could be ordered. At the time, the mortgage agent told us that we wouldn't actually be charged until the time of the appraisal. But the appraisal company went ahead and charged us the full cost of the appraisal up front anyway. We still haven't heard anything about the appraisal actually being scheduled, and apparently neither has the mortgage broker. Our mortgage agent just keeps saying he doesn't know, and he can't be involved in the appraisal process so there's nothing he can do. (We did finally get him to give us the email of the person who is allowed to deal with it, but he told us not to bother her "or nothing will get done.") Our real estate agent is furious, because we also found out this week that we probably aren't going to be able to close on time due to this issue. But we can't ask the sellers for an extension until we know when the appraisal will be. As the buyers, what are our options? I understand we can't talk to the appraiser, but I'm afraid whoever is supposed to schedule this has dropped the ball. We really like this house, and don't want to lose it. [link] [comments]  |
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