So I get a phone call a month ago from a lady and she and her boyfriend want to buy a house I have listed. Naturally step one was to get them qualified. She called me back and said unfortunately they were just shy of being able to get a loan.
She then tells me that they really want this home that I have listed and they were going to get their credit right and that the loan officer said it should be fine by the next month if they do these few things.
Three days ago this customer called me and said that the loan officer has said their credit is good to go. I said great lets go see the house she said we don't need to see the house we have seen it from the outside and have looked in the windows. I said that's great but lets at least walk though it. I finally convinced her that we should at least walk through it. I emailed her the purchase agreement so she could look over it and we could go over it when she got there.
We walked through the house at about 90 miles an hour and I barely got to speak with her and I explained the inspection, termite inspection (va loan), well, septic, earnest money and appraisal thinking I had covered everything.
So last night thinking everything was covered and I just needed to get the purchase agreement back from her today I received a frantic phone call at a little after 9pm last night. She called all upset because the purchase agreement didn't have enough signatures on it. I said what do you mean? She said that the lender said that he would need a copy of the purchase agreement with all the signatures on it and the one she had was missing two signatures. It was then that I realized that they didn't realize that the purchase agreement would have to be sent to the seller to accept.
As I sit here tonight I am working on a what to expect when buying your first home list. Today I sent the lender the purchase agreement with all the signatures.