Is this normal?

[WeaverRN10]

We received confirmation that our closing documents and check was received 9/26/19. I was told via email that the title company was waiting for the sellers to send their paperwork and that I would be notified about closing. That was almost 3 weeks ago. Is this normal? I do not want to bother the title company if this is a normal wait time. Thank you.

 

[Anuhea35]

Did you have international sellers? Mine took a month. I did email the title company to contact the seller and ask for a update.

 

[WeaverRN10]

Did you have international sellers? Mine took a month. I did email the title company to contact the seller and ask for a update.

It didn't specify international but the closing documents said an investment company

 

[chicagoshannon]

It's been 3 weeks I'd ask.

 

[Great3]

Yeah, seller is not performing in a timely matter, but there's not much you can do. I would still contact title company and broker, and ask them to follow up with the seller though.

Great3

 

[crisi]

Sellers often drag their feet. If its institutional, then its red tape within the company that owns it. Individuals often have mixed feelings about selling so put it off.

 

[Ms.Minnie]

I would check with title company and broker as previous poster said.

 

[WeaverRN10]

Thank you for the responses. I did check in with the title company and the seller has yet to send back their paper work.

 

[BillPA]

When we sold or purchased we added a 10 day response time or the deal was off. Sounds like the seller is waiting to see if they can get a better offer. I would move on. What broker did you use?

 

[kboo]

The seller is an investment company? It's possible they need a signature of an officer or board member and that that is taking a while. But I would ask the title company and or broker to follow up and say why. (on one of my contracts, it was because certain financial docs needed to be prepared AND the seller had to add cash to close, which was taking a while. That one also took weeks to close.) Sorry this is happening.

 

[WeaverRN10]

When we sold or purchased we added a 10 day response time or the deal was off. Sounds like the seller is waiting to see if they can get a better offer. I would move on. What broker did you use?

We used dvc resale market. I spoke with the title company today though and they said the seller had yet to send the paperwork back and she spoke with them, they promised to return papers ASAP. We will see.

 

[cvjw]

We had to cancel a sale after rofr because the sellers never sent their closing documents back. We went past the “close by” date spelled out tin the contract and cancelled.

The contract was part of an estate, and the heirs never got the required documents back to the resale company. They also stopped taking their calls, so cancelling seemed like a good idea

Hope you have better luck!

 

[Ms.Minnie]

Sorry this is happening to you. The whole process is stressful enough without the seller not cooperating. I hope everything works out for you.

Sending you some pixie dust.

 

[Great3]

We used dvc resale market. I spoke with the title company today though and they said the seller had yet to send the paperwork back and she spoke with them, they promised to return papers ASAP. We will see.

If the seller is promising to send paperwork back ASAP, I wouldn't worry about it. It means the seller is in contact with broker / title company. It's the sellers that gone completely silent, nowhere to be found by anybody, that becomes a problem. It will close, just will take 2-3 more weeks more longer than you want. I had a contract that took almost 2 months to close, but it did close eventually.

Great3

 

[gharter]

i would start looking at contracts that are available and see if you can find a better one. If so, give them a deadline to complete by or you are cancelling the deal due to the seller not completeing the deal.
If you can't find a better option, then just wait it out.

 

[kniquy]

Is this normal? I do not want to bother the title company if this is a normal wait time. Thank you.

What is your close by date? If you are approaching that date i would definitely contact the broker. They are probably holding a significant amount of your money so do not feel bad that they you are bothering them. I had a seller who seemed to drag their feet with returning documents but also on the sellers end they do have to get paperwork notarized so that is an extra step. With my recent purchase I was told the sellers were working on their paperwork, the it was the closing company had the paperwork but they seemed to delay submitting the paperwork for recording.

It always feels like an eternity when you are in it. But hang in there and do keep in touch with your closing company and if they are not responding you can always reach out to the selling broker. It is often out of their hands but they may have contact with the seller or broker to get you more information.

 

[WeaverRN10]

I heard from the title company today and we have closed!

 

[nj disney family]

Congratulations

 

[CarolMN]

Congratulations! Now you get to wait again for the contract to show up and your points to load. Hope it goes quickly for you.

 

[kboo]

Hooray!! When are you hoping to take your first trip?