A week ago we signed a contract after having our offer accepted. The property was a mortgagee sale and we were told that the contract had to be posted off to the bank to be signed and it should be back within 24-48hrs... a week later and we still haven't heard back. We did contact the agent through email and she said that they are still waiting for the contract to be returned.
So I'm starting to feel like we are being stuffed around and that they agent may be trying to field higher offers using our signed offer.
Meanwhile we are in a bind as I didn't put any time limit in place (only thought of it after we signed...) So are they able to string us along indefinitely? Or can I tell them that if they don't get a signed contract back to me ASAP they can stick the deal? And then back out of the contract?
So I'm starting to feel like we are being stuffed around and that they agent may be trying to field higher offers using our signed offer.
Meanwhile we are in a bind as I didn't put any time limit in place (only thought of it after we signed...) So are they able to string us along indefinitely? Or can I tell them that if they don't get a signed contract back to me ASAP they can stick the deal? And then back out of the contract?