I am a fist time home buyer and I have been looking at a home that i have fell in love with, although i have only seen the exterior of the home. It has been in sale pending status for four months now. Can i still request to look at the home eventhough it has sale pending status? What is going on with this house? Please help i need answers. Thanks
2007-01-22 01:43:38 · 17 answers · asked by loved 2 in Business & Finance ➔ Renting & Real Estate
You can look at it you can place a contract on it, if it has contingency's.. check with the Realtor.
2007-01-30 00:11:43 · answer #1 · answered by swimmyfishy 4 · 0⤊ 0⤋
Yes, You can." four months sale pending" it seems like the buyers are having some problems maybe with the lender??
Contact a realtor who will contact the listing agent and rush the buyers to close the deal or the seller can withdrawal the purchasing contact with the buyer since it takes too long. Good luck...
2007-01-22 09:48:43 · answer #2 · answered by Isabella789 4 · 1⤊ 0⤋
Yes,
And the listing Realtor is required to show all offers to the seller unless the seller waives this.
The original buyer might be having difficulty obtaining the loan needed or there might be repairs being negotiated.
If you come in with a good strong back up offer the seller will probably have a way "out," of the contract (i.e. length of time in escrow, max. repair charges etc.) and you might get the house.
I'd call the listing agent directly (if he "double ends" the deal he gets twice the commission) with a preapproval from a local lender. The agent might be able to convince the seller to allow a showing.
good luck
2007-01-22 09:04:14 · answer #3 · answered by The Man 5 · 1⤊ 0⤋
Call the realtor and ask. Since the sale is pending, it means that the buyer has not yet been approved for a mortgage. Most buyers choose not to remove the listing until the sale is finalized. Good luck with your new home, that one or another.
2007-01-22 01:49:13 · answer #4 · answered by leslie 6 · 1⤊ 0⤋
Yes, you can usually still look at the home until the sale is final. The people could run into problems getting financing or any other number of problems to cause the deal to fall through. Let the owners know you are interested so that as soon as it may be up again, you can put your earnest money up first to hold it for you.Also, as a side note, a word of advice. DON"T SETTLE! Look for the house you really love and pay a reliable inspector to make sure you don't have any major problems. First time home buyers can get help with their closing costs, etc. through the govt. programs. Some you never have to pay back! Ask a real estate agent to guide you to these in your area.Happy House Hunting!
2007-01-22 01:55:48 · answer #5 · answered by moose on the loose 3 · 0⤊ 2⤋
It would be good if you were to call the listing agent, I said, listing agent and ask the status and ask the closing date. This has two meanings here; 1. has it exceeded it's closing? 2. does it have an extension and maybe one more, what if, any ,does it have a contingency? Then you can ask to see the house if the contingency is one that you can for see falling apart. Like contingent upon financing, contingent upon seller selling there home, these are two of the most popular reasons for falling apart, anyway ask if you can see the home. I would always ask my sellers if we had a contract do they want me to keep showing the home. Most said YES, knowing unless it's cash all can fall thru. You might even offer above asking price, like l,000.$. Keep track of the home and inquiring if you don't receive any satisfaction from the listing agent. Good Luck.
2007-01-22 02:03:26 · answer #6 · answered by Conrey 5 · 1⤊ 0⤋
Yes, you can still look. Sometimes deals fall through. The sale may be dependent on the buyer's own home selling or something similar. The sellers may be ecstatic to have someone else interested in the home. Just call the realtor.
But don't get your hopes up.
2007-01-22 01:47:24 · answer #7 · answered by Phoenix, Wise Guru 7 · 1⤊ 0⤋
Call the listing agent on the house and ask. Sometimes back-up offers are accepted in case the pending sale falls through. Calling the listing agent will not obligate you in any way.
2007-01-28 08:19:37 · answer #8 · answered by guyotgirl 3 · 0⤊ 0⤋
Get a good experienced realtor. Especially in today's market (more buyer than seller) I believe it would be wise for sellers to accept back-up contracts. Obviously, if you are giving a back-up contract, you should be able to look at the house and you should have ample time to inspect it and get financing in place if the other deal(s) fall through.
Get a GOOD Realtor to represent you with this so you are protected.
Best of luck.
Joe...
2007-01-22 01:50:18 · answer #9 · answered by Joe K 3 · 3⤊ 0⤋
Get a GOOD Realtor to represent you with this so you are protected.
Best of luck.
Joe...
The above answer is the best one. Be sure to tell the realtor that you insist on putting in a back up offer. Only the seller can refuse to see it, no one else can refuse.
2007-01-22 01:53:00 · answer #10 · answered by Anonymous · 0⤊ 1⤋
Yep, you can still look but you cannot touch unless the deal falls through. in which case you can make your bid. That is why you tell your realtor to keep an eye on it and to keep you in mind if such a thing should happen.
2007-01-29 20:35:06 · answer #11 · answered by bigronsko 2 · 0⤊ 0⤋