We put our house on the market in June. Two days later we had an offer. We negotiated and agreed upon a price.
Since that time, we have been going through the process – appraisals, inspections, etc. All of the details that have to happen, be approved, and then to the next step. This past week, we were supposed to close on Friday.
Monday we got a call that there was an issue with the paperwork, which could nullify the deal. Tuesday, we got another call that the issue had been cleared up, and we were all set to go with the closing on Friday. Wednesday afternoon, we got another call with another issue, which could delay the closing, but were told to plan as if the closing was still going to happen.
I don’t know about where you live, but apparently here, the buyers take possession of the house immediately after closing. This means if there is a closing, your house better be packed up and empty.
As a result, we packed up our entire house Wednesday evening so that The Man could move it all to the place we were supposedly renting on Thursday to be ready for the closing Friday.
Thursday, we were in limbo, but emptied the house.
Friday, we were notified that the closing would be postponed 2-4 weeks.
How do people do this? All of the professionals kept saying, “This happens all the time,” and the response in my head was, “Why? How?” I think my stomach was in perpetual knots the entire week. I couldn’t concentrate at work. The Boy was completely confused, staying at Grammy’s several days and nights so that he at least had some consistency in his life. As it is, he is still confused, as am I.
We decided to move everything back to our house, and forgo any rental until the papers are signed, and the money has cleared. It’s just too much to bear. In my opinion, attorneys handling the closing should get their paperwork in order way before the week of the closing, so that if there are any issues, people are not having to rent another moving truck to re-move back into their own homes, hopefully they haven’t yet signed a lease on a rental, and they are able to cancel cable installations after they’ve already happened. It’s insanity.
Apparently, everything is still going to happen, but we have some steps to follow to clear up an issue. So keep us in your thoughts. The real estate rollercoaster is always aggravating, but this has been beyond the pale, especially with a young man with autism in the house struggling to understand what’s going on.
When I’ve done this in the past, we were able to lease back our house from the new owners following closing so we could have time to move & get into a new place.
Unfortunately they are anxious to get moved in, as well.