The house FINALLY sold. My closing date is August 15th. Thank goodness – I made my deadline by 15 days.
I was paying the StoneBridge Realtors a stay payment to keep my condo since I was supposed to close on it July 1st. The stay payments were not cheap, and I had to put an additional $10,000 down to demonstrate I was serious. The $10,000 could be applied to closing, however the stay payments were not – $1,000 per month.
The first realtor I had did not grasp the concept that these stay payments were not indefinite. I had to close on the condo with a new deadline of September 1st. A big miss!!!