Come join us on Sunday, March 29, 2014, for an open house at this lovely home! The home features 3 bedrooms and 2 full bathrooms. It has a split floor plan and separate dining room could be a den. The
Bamajim50: There are many reasons that a Real Estate transaction may be delayed. Sometimes, it's as simple as obtaining a Homeowners association demand, or an appraisal being late, or loan documents needing corrections, or property tax information may be needed to be corrected on the final closing statement, or if it is a bank owned home perhaps the legal department at the bank took longer than expected, or another signature may be required.
It's not that your agent or the bank wants to delay the transaction. Everything must be correct and and accurate.
If you don't sign the extension then you may be in jeopardy of losing your deposit.
Without knowing the entire details of the transaction and the reason for the delay, no one on any public, virtual forum can advise you correctly.
Delays are typical in many different business transactions.
Without much information is this property bank owned, being sold as is, does the listing price reflect the necessary repairs, etc. Do you have an agent and or an attorney and if so what is being suggested--since none of us are directly involved in the transaction, not sure an accurate answer can be given.... more