Our home buying progress

[Anonymous]

05/24/16  pre approval received 

05/26/16  all requested documents turned in for underwriting 

05/27/16  began looking at houses with our Realtor 

05/27/16  made an offer on a house

05/28/16  12:00pm seller received multiple offers, refused all but two. Ours was one of the two, we re-submitted our final and best offer...

05/28/16   7:00pm officially under contract

05/31/16  earnest deposit at title company, ordered home inspection, obtained quotes for homeowners insurance, and loan submitted for formal approval. 

06/02/16  home inspection completed

06/03/16  our Realtor submitted an addendum based on results of home inspection turning up roof problems 

06/03/16  found out we cleared caivrs  (!!!)

06/06/16  gathered estimates for roof repair/replacement 

06/07/16  locked in our interest rate

06/09/16  fha appraisal 

06/13/16  appraisal results back, home value on target, but roof needs replaced on the back of the house, a fire rated door installed in the garage leading into the kitchen,  and a few places need touch up paint on the exterior of the house. Seller agreed to all repairs!!  

06/14/16  roofing began on the back of the house.

06/29/16  extension signed, pushed closing back to July 15th

06/30/16  original closing date.. extended.

07/14/16  2nd extension signed, pushed closing back to July 22nd 

07/19/16  closing disclosure signed, officially cleared to close!

07/22/16  (closing on our new house!) 

...to be continued. 

[Revelate]

Hard and exhilirating part down, now for the slog haha.  Seriously though, grats Cas!

[youdontkillmoney]

Wow, that's lightening fast progress..congrats!

[Anonymous]

Thank you!

It feels very surreal to be at this point and moving so fast to the closing date. I just hope everything goes as smooth as possible. 

[Anonymous]

Omg!! Congrats! Keep us posted on your home buying journey! 

[Anonymous]

We had our home inspection on June 2nd, which uncovered a few issues. The house was advertised as having a new roof, but the inspector said it's only new on the front of the house and garage. The back of the houses roof is close to 30 years old and at the end of its life. There were a few minor things, too, like gfcity outlets needed in the kitchen and main bathroom, touch up paint on the trim where chipped, and needing to install CO2 detectors on each floor. 

Our Realtor renegotiated the contract to see if the seller will make these repairs or if we can get a credit at closing to cover the roof repair. Seller said yes to the minor repairs and is looking at options for the roof... 

[tacpoly]

My experiences was just like yours once I found the house (actually for all our home purchases). No one putzed around -- sellers received multiple offers so they were in the driver's seat. They said no to repairing/paying for minor issues and I accepted that (it was just $5000 worth of repairs). Once I closed, I called the handyman my agent recommended and he took care of every issue on the inspection before I even moved in.

Good luck!

[Anonymous]

Last Friday was our fha appraisal.  Nothing unexpected was found. They called out the same things that our own inspector found; a few places on the exterior of the house with chipped and peeling paint,  roofing at the end of its life expectancy on the rear of the house, and the attached garage needs a fire rated door installed from the garage into the house. My Agent emailed me last night after we got the appraisal back to let me know that the seller has agreed to do all the repairs needed before our closing date in 2 weeks (!). The roof replacement began today, and is expected to be completed by this weekend.  I'm so relieved that we won't have to worry about the roof! 

Now I can get back to worrying about little things like lawn mowers, cleaning supplies, paint, and new flooring once we close. )

[Anonymous]

Well it's been a few weeks of waiting around for everything to get finalized. We were supposed to close tomorrow on June 30th, but just yesterday we found out our closing got bumped back another two weeks.  The final appraisal was ordered, but hasn't been completed due to the appraiser being too busy, plus the holiday weekend coming up. We are frustrated but dealing with it. Our lender is confident that we will close no later than the 15th of July now. 

We were pretty bummed out yesterday after getting that news.

But, towards yesterday evening, our Realtor messaged me saying the seller was at the house getting all her things moved out and wanted to know if we'd like to walk through. She wanted to know if we wanted anything left in the house. So, our excitement built as we drove over to the house. The seller had a pile of things in the garage that she was donating, but let us go through and pull anything out we'd like. I picked out a few decor and art  prints that I liked, then we walked through the house to see for ourselves all the work that had been completed since our first walk through. We were happy to see that everything was completed that was required for our closing! While touring the house, the seller asked if we'd like to keep her sofa set in the living room, since it wouldn't fit her new place. It's a nearly new set, and will save us from having to purchase a set right away,  so we said yes to that, too. Then down in the basement, she showed us the sprinkler system shut off located in the laundry room, and offered up the washer and dryer!  She also wanted to leave the blooming flower pots outside plus the garden tools in the shed. 

We are beyond grateful to the seller for going above and beyond our expectations during this process. The sellers agent and mine have done everything in their power to get this moving forward. While we are disappointed that we can't close tomorrow like we'd planned,  at least we are in a situation where we are able to extend our stay in our current house while we wait another couple weeks.

[Anonymous]

any update?