Simon2
2018-08-11 19:04:21
- #1
Dear florists,
I am about to buy a condo. I have a good financing offer and will commission the broker on Monday or Tuesday to apply for the loan with the bank on my behalf.
Actually, the seller had suggested a notary appointment on September 5th or 6th; that would actually suit me well, as it would give me time to finalize everything with the financing, etc. However, the broker just wrote to me that a date as early as next Wednesday is also possible. After that, the seller will be on vacation until early September. The appointment in early September would probably still be possible. On the other hand, the broker said he would recommend the earliest possible closing to be on the safe side (of course, he wants to have his commission in his account soon).
On the other hand, that would not be entirely inconvenient for me; that way I could be sure that I definitely have the apartment and the broker does not come up with another buyer in the meantime who pays more.
I see two possible problems: For the registration of the mortgage, I need the relevant documents from the bank, let's see if I can get them on such short notice. If these only arrive at the notary later, I would have to pay for a second notary appointment for the registration of the mortgage, right?
In addition, I have not yet seen the purchase contract. According to the broker, it should reach me on Monday or Tuesday (the notary was arranged by the broker). I am not completely inexperienced legally and my cousin works in a law firm that also deals with the collection of real estate loans; maybe she could take a look, but I want to avoid receiving a 20-page purchase contract just one day before signing.
What do you think? And: am I overlooking any other possible problems?
Thanks!
I am about to buy a condo. I have a good financing offer and will commission the broker on Monday or Tuesday to apply for the loan with the bank on my behalf.
Actually, the seller had suggested a notary appointment on September 5th or 6th; that would actually suit me well, as it would give me time to finalize everything with the financing, etc. However, the broker just wrote to me that a date as early as next Wednesday is also possible. After that, the seller will be on vacation until early September. The appointment in early September would probably still be possible. On the other hand, the broker said he would recommend the earliest possible closing to be on the safe side (of course, he wants to have his commission in his account soon).
On the other hand, that would not be entirely inconvenient for me; that way I could be sure that I definitely have the apartment and the broker does not come up with another buyer in the meantime who pays more.
I see two possible problems: For the registration of the mortgage, I need the relevant documents from the bank, let's see if I can get them on such short notice. If these only arrive at the notary later, I would have to pay for a second notary appointment for the registration of the mortgage, right?
In addition, I have not yet seen the purchase contract. According to the broker, it should reach me on Monday or Tuesday (the notary was arranged by the broker). I am not completely inexperienced legally and my cousin works in a law firm that also deals with the collection of real estate loans; maybe she could take a look, but I want to avoid receiving a 20-page purchase contract just one day before signing.
What do you think? And: am I overlooking any other possible problems?
Thanks!