Thank you very much for your feedback and advice. So far, we have only signed and initial a counter offer, standard seller’s addendum, property condition addendum, mold disclosure and release, water heater and smoke detector statement of compliance, and a bunch of lead paint info. That is all. That was issued on 2/1 and they did ask to close on or before 3/3. They also said that there is no extension on closing and if indeed extend escrow, there is a $50 per day charge on us. They never mention anything if they cannot close on time. Are we supposed to receive a contract from them? If not, then am I worried too much because all we are waiting is to close? In the counter offer, they in fact highlighted “FINAL OFFER ACCEPTANCE IS SUBJECT TO INVESTOR APPROVAL”. Is this the major cause of delay, if any?
SDR and OCS, I am trying to get involved but my agent does not want to offend anyone because I have asked her to ask the listing agent so many times and the listing agent thought that the lender is loaded with work and therefore the delay. No matter what I did, they won’t tell me any details of the lender and the closer, so basically, we are all waiting here. We have the real loan approval already but we did not lock in any rate because we are not so sure if we can really close on 3/3 according to my agent. It is frustrating. Can I back out at this point if I want to offer another one? Thanks.
