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When do you consider yourself to be in contract?
Contracts in hand, or contracts signed?
Message edited 4/23/2010 1:21:30 PM.
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Posted 4/23/10 1:21 PM  |
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Prudential Douglas Elliman Real Estate
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evenedan
Need a little sunshine
Member since 9/05 3843 total posts
Name:
D
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Re: When do you consider yourself to be in contract?
When contracts have been signed by both the seller and buyer.
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| Posted 4/23/10 1:23 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When do you consider yourself to be in contract?
Posted by evenedan
When contracts have been signed by both the seller and buyer.
agreed
that is when it will be listed as in contract on the agent side of MLS and they stop showing it
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| Posted 4/23/10 1:24 PM |
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Re: When do you consider yourself to be in contract?
Posted by Beth
Posted by evenedan
When contracts have been signed by both the seller and buyer.
agreed
that is when it will be listed as in contract on the agent side of MLS and they stop showing it
Thank you again!!!
I just can't wait to say "We are in contract" and noone else can put an offer on the house!
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| Posted 4/23/10 1:36 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When do you consider yourself to be in contract?
that's the beauty of bank owned...no one else can put an offer in once the bank accepts one
even if it's higher
the computer system they use doesn't allow it
your safe!
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| Posted 4/23/10 1:37 PM |
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Re: When do you consider yourself to be in contract?
Posted by Beth
that's the beauty of bank owned...no one else can put an offer in once the bank accepts one
even if it's higher
the computer system they use doesn't allow it
your safe!
REALLY!!!!!!!!!!!!!! YAY!!!!!!
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| Posted 4/23/10 1:59 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When do you consider yourself to be in contract?
yep....they will hold the other offers as back up- but they can't submit it
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| Posted 4/23/10 2:03 PM |
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Re: When do you consider yourself to be in contract?
Posted by Beth
yep....they will hold the other offers as back up- but they can't submit it
How long does closing take?
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| Posted 4/23/10 2:08 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When do you consider yourself to be in contract?
Posted by SchizoBride09
Posted by Beth
yep....they will hold the other offers as back up- but they can't submit it
How long does closing take?
that really depends on who is lending you the money
and what type of loan you are doing
anywhere from 30-60 days is average
I had one go for almost 90 - but they were doing a rehab loan and it was crazy- not typical
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| Posted 4/23/10 2:13 PM |
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Re: When do you consider yourself to be in contract?
Posted by Beth
Posted by SchizoBride09
Posted by Beth
yep....they will hold the other offers as back up- but they can't submit it
How long does closing take?
that really depends on who is lending you the money
and what type of loan you are doing
anywhere from 30-60 days is average
I had one go for almost 90 - but they were doing a rehab loan and it was crazy- not typical
Oh Ok good, cause we have to give our current apartment 60 days notice !
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| Posted 4/23/10 2:30 PM |
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Goldi0218
My miracles!
Member since 12/05 23902 total posts
Name:
Leslie
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Re: When do you consider yourself to be in contract?
We just became "in contract" when our sellers signed on Wednesday. We signed the Thursday before. DH got a faxed copy yesterday. The hard copy is in the mail. Mortgage time
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| Posted 4/23/10 10:01 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: When do you consider yourself to be in contract?
Posted by Beth
Posted by SchizoBride09
Posted by Beth
yep....they will hold the other offers as back up- but they can't submit it
How long does closing take?
that really depends on who is lending you the money
and what type of loan you are doing
anywhere from 30-60 days is average
I had one go for almost 90 - but they were doing a rehab loan and it was crazy- not typical
Aint that the truth Beth!
Ours is taking FOREEEVER because we went with Wells Fargo the first time around and they took an INORDINATE and RIDICULOUS amount of time to do ANYTHING. Then, they finally let us know that we would NOT be getting the loan only DAYS before we were supposed to close - we had a commitment, the green light for everything, and they pulled the plug b/c Vin is not a TENURED teacher and they couldn't "guarantee" his employment for the next three years. It was outrageous.
They delayed and dragged it on for THREE MONTHS and it was just two weeks before our contract was up.
We had to have th contract extended and now we are with a different lender - same loan, same everything.
It'll be done in about two weeks the longest. Took a total of four weeks to complete. That simple.
I still can't believe how bad Wells was.
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| Posted 4/23/10 10:05 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: When do you consider yourself to be in contract?
Ahhhh we are waiting to be "in contract" too
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| Posted 4/23/10 10:06 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When do you consider yourself to be in contract?
Posted by staceyums81
Ahhhh we are waiting to be "in contract" too
I hope by monday 
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| Posted 4/23/10 10:11 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: When do you consider yourself to be in contract?
Contracts signed
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| Posted 4/23/10 10:13 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: When do you consider yourself to be in contract?
Posted by Beth
Posted by staceyums81
Ahhhh we are waiting to be "in contract" too
I hope by monday
I hope we hear something monday I know its not too easy to get the lawyers on the weekends but he does have it!!
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| Posted 4/23/10 10:15 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When do you consider yourself to be in contract?
Posted by DaniRella
Posted by Beth
Posted by SchizoBride09
Posted by Beth
yep....they will hold the other offers as back up- but they can't submit it
How long does closing take?
that really depends on who is lending you the money
and what type of loan you are doing
anywhere from 30-60 days is average
I had one go for almost 90 - but they were doing a rehab loan and it was crazy- not typical
Aint that the truth Beth!
Ours is taking FOREEEVER because we went with Wells Fargo the first time around and they took an INORDINATE and RIDICULOUS amount of time to do ANYTHING. Then, they finally let us know that we would NOT be getting the loan only DAYS before we were supposed to close - we had a commitment, the green light for everything, and they pulled the plug b/c Vin is not a TENURED teacher and they couldn't "guarantee" his employment for the next three years. It was outrageous.
They delayed and dragged it on for THREE MONTHS and it was just two weeks before our contract was up.
We had to have th contract extended and now we are with a different lender - same loan, same everything.
It'll be done in about two weeks the longest. Took a total of four weeks to complete. That simple.
I still can't believe how bad Wells was.
don't feel too bad... they gave my dad a hard time as well....and still after after the loan is closed- he had to do a rehab loan- and used his own cash to start the project b/c wells wouldn't cut a check to the contractors to buy supplies....who starts with out supplies- we are talking high end stuff too...marble, granite etc- he laid out a ton just to not lose the workers....he just moved in 2 days ago and closed 12/15 oy
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| Posted 4/23/10 10:15 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When do you consider yourself to be in contract?
Posted by staceyums81
Posted by Beth
Posted by staceyums81
Ahhhh we are waiting to be "in contract" too
I hope by monday
I hope we hear something monday I know its not too easy to get the lawyers on the weekends but he does have it!!
as long as we are signed by friday I will
if tuesday comes and it's not done- I will drive the contracts too them and stand there while it's signed
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| Posted 4/23/10 10:17 PM |
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