Mary Arline (queen_of_kithia) wrote,
Mary Arline
queen_of_kithia

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More advice to first-time homebuyers

Don't close on a Monday.

Or if you have to close on a Monday, make it the afternoon rather than the morning.

Because if, for some reason, everything isn't in order by end of business on Friday, then you would still have some time on Monday morning to get things in order.

ALSO:

If you're asking for a problem to be fixed as a condition for buying, insist that it be performed by a professional.

On my inspection, there was a substance that appeared to be mold identified in the basement. Well, that's a big problem for me because I am allergic, so I asked that it be professionally cleaned. Well, the sellers came back with an addendum saying they were willing to have it professionally evaluated but they wanted to clean it themselves if the mold removal company said it was okay to deal with it that way. Well, that seemed reasonable enough to me at the time; I could certainly imagine that I would want to do it that way and potentially save a few bucks if I was in the sellers' position.

Well, fast-forward to today, literally the last business day before we're supposed to close at 8:00 a.m. on Monday morning, and the bank hasn't approved the mortgage yet because they haven't gotten verification that the mold was cleaned. They got the report that said it wasn't too serious and that the mold could be dealt with by the sellers, but nobody, myself included, thought to get written verification that it had been done.

The good news is that a lot of these clean-up companies offer 24-hour service, so hopefully they can come in over the weekend and knock off a written confirmation that the mold has been cleaned up. But even if they do, that will probably mean the closing will be pushed back to Monday afternoon at the earliest. And that's assuming that the sellers cooperate and let them back in;[*](Actually, it turns out that they don't have to go back in; they're just going to rewrite their report so that it meets the underwriters' stipulations. So we don't have to go back and interrupt the sellers while they're trying to move out, THANK GOODNESS.) they wouldn't let us come in a do a final walk-through until Sunday evening, even though we're supposed to be closing first thing Monday morning. Monday was their idea, by the way. I said I preferred morning over afternoon, but I didn't necessarily mean IMMEDIATELY in the morning.

I really wanted to be accomodating to the sellers and meet them halfway, but if I'd insisted that the basement be cleaned by the mold company, they would have that all documented already and I wouldn't have to worry about it.

Meanwhile, I've been sitting around waiting today, radio silence from the bankers, with only a vague idea of what I need to bring for closing. I know I need a cashier's check for my closing funds, but I don't know what amount so that doesn't help me; knowing that there's no way I can get to the bank and do that BEFORE closing because they don't open until 8:00 at the earliest. Finally had to contact the various bank people involved and say, "Ummmm, what gives?" and only after a lot of nagging did they root out the problem.

Long story short, you have to look out for your own interests. A good realtor will help you figure out what's in your best interest and be your advocate, but even a good realtor isn't perfect. It's nice to want to help the sellers out and meet them halfway, but if you're not careful, you can screw yourself over by trying to accommodate the sellers, which is what almost happened to me. And ultimately, it's going to inconvenience the sellers too because they're going to have to rearrange their work schedules on Monday to accommodate the new closing time. So even though it sounds selfish and horrible to say, you're not doing ANYONE any favors by not putting your own interests first.
Tags: miscellaneous, sioux falls
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