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Old Yesterday, 09:16 AM
 
Location: Cary, NC
37,761 posts, read 65,517,336 times
Reputation: 38171

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Quote:
Originally Posted by MikePRU View Post

I never understood why anyone wants an attorney to review a "fill in the blank" form that was written by a room full of attorneys and vetted in thousands of court cases. I can understand if you don't understand what the form says and want someone to explain it to you in advance but I've never had an attorney make a meaningful modification to one of these forms. They just cross out and re-word a couple of things that make no meaningful changes to justify the fee.

As you say . . . especially in a hot market trying to force real estate norms from your home market on the local market is not going to end up in your favor.
LOL
Because people who won't read forms think attorneys will read them?
And, they think that attorneys marking up forms, for which they have no specific background, no knowledge of applicable case law, will create a better outcome than agents who are trained to use them properly?

HAHA. As if... And, I truly have a lot of respect for attorneys.

Right now, in my market, if a buyer made an offer with a contingency for attorney review, they would undoubtedly have the opportunity to repeat such an offer multiple times on different properties, as long as they could find an agent dumb or desperate enough to play along.
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Old Yesterday, 11:31 AM
 
11,650 posts, read 15,413,208 times
Reputation: 7447
Quote:
Originally Posted by astrocytoma View Post
Somehow the seller signed the contract of sale

we all got so excited.

attorney review process started 3 weeks ago????

there is no contingency. nothing complicated. just closing date, and mortgage date.

but these past two weeks we realized the house was still being shown. Now we learned that another interest group of people came twice, and may give an offer.

How is this even allowed? Isn't this unethical?

and how long is AR supposed to be? How do we know when it ends? When both lawyers say it ends? Is there anything to sign?

God I hate this process. I truly hate it. Such a mess.

you tell yourself never to get attached to a house, and then you get attached and disaster strikes.

Can anyone with experience tell me how this all plays out? I am an amateur. Thanks
Something similar happened to us but in our case the seller never signed their part. We signed, waited 2 weeks for them to sign ... wondered what the hold up was ... the hold up was that they sneakily were getting ready to go with other buyers.

NY.

Yup. It's crazy right now. We lost out on 2 houses.
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Old Today, 01:00 AM
 
Location: Ocala, FL
4,674 posts, read 7,523,344 times
Reputation: 4830
Quote:
Originally Posted by Jdawg8181 View Post
Something similar happened to us but in our case the seller never signed their part. We signed, waited 2 weeks for them to sign ... wondered what the hold up was ... the hold up was that they sneakily were getting ready to go with other buyers.
I suspect in that case, the seller was keeping your agreement as a backup if the other contract fell through.

No need for them to sign yours if the other contract was acceptable or better than your offer. That would not be unusual in seller's market.
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