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Me, Home Buyer in Middlesex County, NJ

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Asked by Me, Middlesex County, NJ Mon Jan 2, 2012

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Me,

We (where I live) typically change the status of the listing 4 days after all inspections are completed and disclosures have been signed. That normally only leaves a few contingencies....financing, and a survey. Good luck!
0 votes Comment Flag Mon Jan 2, 2012
Why would there be a void of contract? If it was voided, it would cancel your purchase. You're buying it? Then the contract is still in process, until it closes and is recorded by the title company.
If I were the seller I would continue taking back up offers until it closes. If your financing falls through, or some other issue arises, then the seller wants to be in the best possible position.
Most sellers don't take back up offers once it is sold, but that trend has been changing. Now, they often get 1 or 2 back ups, just in case.
Web Reference: http://www.hawaiihome.biz/
0 votes Comment Flag Mon Jan 2, 2012
The house is not SOLD, until it is SOLD!
The house is not yours until it is SOLD.
There have been millions of Escrows that fell through before Closing.
If you were the SELLER, what would you want your Agent to do for you?

Good luck and may God bless
0 votes Comment Flag Mon Jan 2, 2012
Hello Me,

This sounds very frustrating. Unfortunately, it happens. They are supposed to disclose that they are under contract. It doesn't sound as if that disclosure has been made. Sometimes a listing agent will not disclose unless asked - I'm not sure if that's okay but it happens all the time. The good news is that you are protected by your contract. So - they can show the house until the cows come home, but they can't entertain another offer.

Buying and Selling a house has never been more difficult than it is today. Tensions are running high on all sides. You just have to get through it - once you are at the closing table and the process is behind you, you will hopefully have a happy ending!

Good Luck!
Jennifer
0 votes Comment Flag Mon Jan 2, 2012
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