It has passed senate approval and I dont see why it would not continue to move forward..check out the cnbc video i have here:
As far as the offer, I would just play hard ball. Your offer stands and if they do not wish to repair or credit you for the items listed then tell them their best option is to not sell their home for a few years. Having properties on the market like this are just making things worse. Its saturating the market with inventory that shouldnt be there and frustrating willing and able buyers who should be moving into homes...because this than starts the market on an upward trend. Not this neutral stuff or tiny blips we have been seeing.
If we should close, the sellers will get just about exactly what they purchased their home for in 2001 (I got this from tax records). They must read the same papers that I do, and this is normal. In fact, I would consider them lucky to be able to walk away almost even, except for any renovations they may have made over the years.
I am renting a townhouse in nice area, at a reasonable rent; month to month and I have nothing but time. If I do not hear from them in a day or so; I will withdraw my offer before my inspection period is up so that I do not lose my escrow deposit. I will continue my home search, even though I will have missed the $8K credit,. Who knows the credit may get extended and/or increased and home prices may continue to drop or stay where they are now, so their stubborness may be doing me a favor.
I dont see why they wouldnt either fix or credit you and move forward.
I don't think I asked for anything extraordinary, my offer was well within the market value and I did agree to split the closing fees. I have seen a lot of listings where the sellers are offering to pay the closing fees. As I said the house has been on market for over a year, actually almost 2 years. I don't think I was being unreasonable at all and am upset that I spent time, money and a lot of energy and now it looks like I may have to begin my house search again!
What is the dollar amount for the repairs that was estimated?