Deal about to blow up?

It sure feels like it.

Princess Buyer (and her aunty, the other agent) needs to extend her due diligence period because she’s not sure the underwriting on her loan (where they officially say sewer doesn’t have to be connected) will be done in time, and without knowing that for sure, she’s still not sure “what to ask for” as far as repairs.  She wanted to extend it through next Wednesday (it’s supposed to end this Thursday).  Our agent called this morning and seemed to think that was reasonable and we should just agree.  I pitched a fit and pointed out we’d already given them a longer due diligence period (14 days) than the 10 we’d wanted.  I told her we’d give them through Monday (to which they agreed).  And then I told her to get some numbers from them.  They’ve been sitting with the inspection report and the plumber’s estimate on connecting to the sewer for over a week.  Certainly they should be able to give us at this point: IF sewer connection, THEN we want xxxxx.  IF NOT sewer connection, then we want yyyyy.  It sure is coming across to us that they plan to ask for a lot, and if that’s the case, we can’t do this deal and we’d rather know that sooner than later.

Still no word from the sellers of the house we’re trying to buy that they’ve made any progress on their bridge loan contingency.  Which may well mean we’ll have to push the closing date because we can’t even order an appraisal until after that is removed.  It feels like we’re the ones having to be flexible on both ends of this deal, and it feels like we’re going to get screwed.  And I want to know who the hell is representing our interests in all of this.  Because right now it feels like our realtors are doing a piss poor job.  We were really impressed with the activity they got on our house and were looking forward to recommending them to some folks; but now I’m not so sure about that.

And I’ve been in a truly foul mood about all of this all day.  It doesn’t help that Agent Murphy is being his usual annoying self and he had a fruitless speech therapy session (he went in short on napping because of the time of the appointment that was available; fortunately we now have a schedule set for September that doesn’t interfere with his normal nap schedule) which once again has me wondering if there’s any point to all the money we’re spending on this therapy.

Meanwhile I’m exhausted and sore from working in the basement all weekend trying to get us ready to move.  And I have another day of it planned tomorrow since our moving company delivered packing materials today.  At least that gives me a reason to ship the Agent off to a babysitter for the day.  But it will really suck if it turns out this deal falls through and we end up just taking the house off the market and living here, cramped and unhappy, until we die or pay off the mortgage, whichever comes first.

One Response to “Deal about to blow up?”

  1. N Says:

    I know a couple of good real estate attorneys if you need one to represent your interests. Both of Erik’s parents have been in real estate for about 30 years, and have a lot of answers on the top of their heads. Erik’s mother is in Blairsville and Erik’s Father is in Canton.