Not trying to suggest anything. Just sharing my impressions and personal experience.
When I was applying for mortgage, both the pre-approval and subsequent real approval took quite a long time. Maybe my situation was complicated, maybe it was the timing, or maybe it was just bad luck. Whatever it was, pre-approval must have taken 3 - 4 weeks with my mortgage broker. And then when we actually had a place in mind, the process took another 10+ days. It was both lucky and ugly that I had a 2 weeks subject to finance clause in my offer. Even though the seller had accepted our offer, we really couldn't confirm with them to remove subjects until almost the very last day. It was a stressful experience because everybody involved was concerned: I was told by my broker that we should be approved, but things just kept dragging on with one additional paperwork request after another. The seller was concerned because there were likely other (lower) offers coming in, and we still weren't able to deliver. Our realtors and my mortgage broker were obviously concerned because they were all so close to sealing the deal, but it felt like a moving target.
Good luck with the sale.
Quote:
Originally Posted by Nabatron
well update #2 doesn't look like we are getting any offers today as per my realtor. Who knows things could change but he also said out of all his listings we are the ones that are getting any traction whatever that means. He has said our listing is getting calls everyday and no offers as of yet. It hasn't been a week yet but does suck just waiting...I guess the waiting game will continue!
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