Home Buying in 19082>Question Details

bababa747, Home Buyer in Shrewsbury, PA

How should I proceed with moving/packing situation?

Asked by bababa747, Shrewsbury, PA Mon Aug 20, 2012

Sold home, rather signed contract back in early July. Settlement set for end of Aug. Buyers going FHA and appraisal hasn't been done yet. Don't know if we'll be going to settlement and if appraisal doesn't come up to contract price the buyers will have to pay difference or we'll be staying. How do I handle all this as far as packing and planning to move or not move. I'm so stressed! We haven't found another place to purchase and would have to move in with relatives.

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Why would the buyers have to pay the difference? If it comes back lower, you can lower the agreed price or release them of the contract. Either way that appraisal stays with your house for 6 months. I would not pack another thing until that appraisal comes back!!
0 votes Thank Flag Link Wed Aug 29, 2012
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