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May 6, 2010 at 3:04 PM in reply to: Can i make other offers if im in escrow on a short sale? #547740May 6, 2010 at 3:04 PM in reply to: Can i make other offers if im in escrow on a short sale? #547641Waiting to feel the magicParticipant
Question: How can you be in escrow and why does someone have your earnest money check if the bank hasn’t accepted your offer?
All of the offers that my agent has submitted state that no money changes hands until we have written approvals from all parties. On one SS we were told that we had approvals from all parties and that everyone was ready to open escrow. The listing agent wanted us to send them the earnest money check. My agent said that they would have it as soon as he had all the approvals in writing and had reviewed them. That was about two months ago. We have since received one approval in writing and the other is coming “any day now.” That was a couple of weeks ago.
Also, if you’re agent isn’t returning your calls then you might seriously consider getting another agent.
May 6, 2010 at 3:04 PM in reply to: Can i make other offers if im in escrow on a short sale? #548011Waiting to feel the magicParticipantQuestion: How can you be in escrow and why does someone have your earnest money check if the bank hasn’t accepted your offer?
All of the offers that my agent has submitted state that no money changes hands until we have written approvals from all parties. On one SS we were told that we had approvals from all parties and that everyone was ready to open escrow. The listing agent wanted us to send them the earnest money check. My agent said that they would have it as soon as he had all the approvals in writing and had reviewed them. That was about two months ago. We have since received one approval in writing and the other is coming “any day now.” That was a couple of weeks ago.
Also, if you’re agent isn’t returning your calls then you might seriously consider getting another agent.
May 6, 2010 at 3:04 PM in reply to: Can i make other offers if im in escrow on a short sale? #547159Waiting to feel the magicParticipantQuestion: How can you be in escrow and why does someone have your earnest money check if the bank hasn’t accepted your offer?
All of the offers that my agent has submitted state that no money changes hands until we have written approvals from all parties. On one SS we were told that we had approvals from all parties and that everyone was ready to open escrow. The listing agent wanted us to send them the earnest money check. My agent said that they would have it as soon as he had all the approvals in writing and had reviewed them. That was about two months ago. We have since received one approval in writing and the other is coming “any day now.” That was a couple of weeks ago.
Also, if you’re agent isn’t returning your calls then you might seriously consider getting another agent.
May 6, 2010 at 3:04 PM in reply to: Can i make other offers if im in escrow on a short sale? #547048Waiting to feel the magicParticipantQuestion: How can you be in escrow and why does someone have your earnest money check if the bank hasn’t accepted your offer?
All of the offers that my agent has submitted state that no money changes hands until we have written approvals from all parties. On one SS we were told that we had approvals from all parties and that everyone was ready to open escrow. The listing agent wanted us to send them the earnest money check. My agent said that they would have it as soon as he had all the approvals in writing and had reviewed them. That was about two months ago. We have since received one approval in writing and the other is coming “any day now.” That was a couple of weeks ago.
Also, if you’re agent isn’t returning your calls then you might seriously consider getting another agent.
April 27, 2010 at 6:22 PM in reply to: I am in Escrow, but extremely nervous now…what should I do. #544245Waiting to feel the magicParticipantWell, I’m trying to buy right now too. Part of me worries about pricing continuing to go up, and part of me worries about the double dip. Overall the consensus seems to be that prices will likely go down some more before they’ve totally bottomed out, but a lot depends on location and the type of property.
I’d say that if you were able to get 2003 pricing then you’re probably OK for the long run. Could you live with it if the value of your townhome went down 10% more in the next year or so? Are you planning to be in the property for several years? Would you prefer to live there than the rental that you have now? If yes to all of those, then buy.
Good luck. I’ll need it too.
April 27, 2010 at 6:22 PM in reply to: I am in Escrow, but extremely nervous now…what should I do. #544360Waiting to feel the magicParticipantWell, I’m trying to buy right now too. Part of me worries about pricing continuing to go up, and part of me worries about the double dip. Overall the consensus seems to be that prices will likely go down some more before they’ve totally bottomed out, but a lot depends on location and the type of property.
I’d say that if you were able to get 2003 pricing then you’re probably OK for the long run. Could you live with it if the value of your townhome went down 10% more in the next year or so? Are you planning to be in the property for several years? Would you prefer to live there than the rental that you have now? If yes to all of those, then buy.
Good luck. I’ll need it too.
April 27, 2010 at 6:22 PM in reply to: I am in Escrow, but extremely nervous now…what should I do. #544836Waiting to feel the magicParticipantWell, I’m trying to buy right now too. Part of me worries about pricing continuing to go up, and part of me worries about the double dip. Overall the consensus seems to be that prices will likely go down some more before they’ve totally bottomed out, but a lot depends on location and the type of property.
I’d say that if you were able to get 2003 pricing then you’re probably OK for the long run. Could you live with it if the value of your townhome went down 10% more in the next year or so? Are you planning to be in the property for several years? Would you prefer to live there than the rental that you have now? If yes to all of those, then buy.
Good luck. I’ll need it too.
April 27, 2010 at 6:22 PM in reply to: I am in Escrow, but extremely nervous now…what should I do. #545205Waiting to feel the magicParticipantWell, I’m trying to buy right now too. Part of me worries about pricing continuing to go up, and part of me worries about the double dip. Overall the consensus seems to be that prices will likely go down some more before they’ve totally bottomed out, but a lot depends on location and the type of property.
I’d say that if you were able to get 2003 pricing then you’re probably OK for the long run. Could you live with it if the value of your townhome went down 10% more in the next year or so? Are you planning to be in the property for several years? Would you prefer to live there than the rental that you have now? If yes to all of those, then buy.
Good luck. I’ll need it too.
April 27, 2010 at 6:22 PM in reply to: I am in Escrow, but extremely nervous now…what should I do. #544932Waiting to feel the magicParticipantWell, I’m trying to buy right now too. Part of me worries about pricing continuing to go up, and part of me worries about the double dip. Overall the consensus seems to be that prices will likely go down some more before they’ve totally bottomed out, but a lot depends on location and the type of property.
I’d say that if you were able to get 2003 pricing then you’re probably OK for the long run. Could you live with it if the value of your townhome went down 10% more in the next year or so? Are you planning to be in the property for several years? Would you prefer to live there than the rental that you have now? If yes to all of those, then buy.
Good luck. I’ll need it too.
Waiting to feel the magicParticipantWe briefly glanced at those homes. Zero interest for us. Honestly, YUCK! Tortured floor plans on tiny lots with views of your neighbor’s dining room. IMO there are lots of better options if you’re willing to carefully look and wait.
But to each his own.
Waiting to feel the magicParticipantWe briefly glanced at those homes. Zero interest for us. Honestly, YUCK! Tortured floor plans on tiny lots with views of your neighbor’s dining room. IMO there are lots of better options if you’re willing to carefully look and wait.
But to each his own.
Waiting to feel the magicParticipantWe briefly glanced at those homes. Zero interest for us. Honestly, YUCK! Tortured floor plans on tiny lots with views of your neighbor’s dining room. IMO there are lots of better options if you’re willing to carefully look and wait.
But to each his own.
Waiting to feel the magicParticipantWe briefly glanced at those homes. Zero interest for us. Honestly, YUCK! Tortured floor plans on tiny lots with views of your neighbor’s dining room. IMO there are lots of better options if you’re willing to carefully look and wait.
But to each his own.
Waiting to feel the magicParticipantWe briefly glanced at those homes. Zero interest for us. Honestly, YUCK! Tortured floor plans on tiny lots with views of your neighbor’s dining room. IMO there are lots of better options if you’re willing to carefully look and wait.
But to each his own.
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