Is there any grace period or time to reconsider after closing when purchasing a home?

I am a first time buyer and recently ventured into the supposed pleasure of home buying. My Realtor was horrible...Never around and I actually found the home I wished to purchase and showed it to him. The only reason I used him is because i was told you needed a realtor to fight for you if needed to negotiate 9 he id nothing of the sort). After giving the good faith money. He never called me to let me know how proceedings were going, I always had to call him. At closing he was no where around and I am going on the third day after closing with out keys to get into my home. After numerous calls to him and the broker. There are no phone calls or e-mails. I don't want to continue with this process. What should I do? Can I cancel these proceedings after closing? Is there any grace period for us to change our minds (No one has given us keys) Or am I done for??????Is there any grace period or time to reconsider after closing when purchasing a home?
you never stated where you closed at? A lawyers office? a title company ? Call the people where you closed and ask what the hold up is. you should have received copies of what you signed and a good title person would have there business card in there also. call them Monday morning and find out whats going on. Is there any grace period or time to reconsider after closing when purchasing a home?
Hm....you should have all sat around a table (you and your realtor, the seller than their realtor, sometimes even with a lawyer) and signed a bunch of papers. Did this happen? If you have really already closed on this home. The home is now yours. Have you contacted the sellers realtor? In a refinance situation of the home there is a 3 day right to rescind. Unfortunately on new home purchases, this does not happen. Even if you could, you can be certain you would be out your good faith money which im sure was in the thousands.
This would certainly depend on your state's laws, but usually three days is all you have.



It makes no sense that you closed without keys. Are you sure you've actually signed closing papers?



If you're 100% sure you did, now is the time to get an attorney. Something is fishy here.
It depends if you are in a ';wet'; state or a ';dry'; state.



In a ';wet'; state, the seller gets their money and you get the keys at the closing table.



In a ';dry'; state, you get the keys after your loan package is returned to the lender and the funds have been released to the seller. That can take 2 to 5 days.



You really shouldn't have left the closing without knowing exactly when and where you would gt the keys to the house you just paid for.



Have you tried calling your attorney? Or the seller?
Call the BROKER that manages your realtor, complain and get some help fast. If you settled and don't have keys, break the locks and go in ( call a locksmith and get new locks, of course).



There is no grace period on the sale of the home. Also, make sure the utilities are transferred to you. If the former owner is still occupying the home, you need to see a lawyer immediately. He has no right to be there, unless he is paying you rent and you agreed to it. I'd lock him out, take whatever belongings he left in the house, because if he left it after settlement, it is abandoned. Consult with a lawyer after you consult with the broker, but be prepared to get aggressive. Have the lawyer review your purchase agreement and HUD 1. And, if the old owner is still on the property, call the police and ask them to arrest him for trespass.

ps- you got some bad advice . When the money changes hands, so do the keys. And the garage door openers, if you have an electric garage door, and the code to the security system, if one exists. End of story.

pps- there are different kinds of agency relationships. If your agent was a buyer's agent ( meaning he represents you), you should file a complaint with the local board of realtors. If he is the seller's agent, and disclosed that to you, he doesn't work for you, he works for the seller. So, when you see the lawyer, bring your agency disclosures with you, too.
Continue the process? The process is over as far as the deal goes. Call his agency and threaten to go to the state board of realtors.



And what the hell state allows a ';cooling off period'; after closing. I've never heard anything so bizarre.
He sounds like my uninspired realtor who just happens to hold the listing to the house I found myself.. LOL

When you went to closing typically you all sit around a table, sign papers and then the keys are handed to you. I wouldn't have signed anything unless he was there and the keys were too! I think you may be done for because you have already signed off. Also, you should have done another walk thru of the property a couple hours before closing to make sure there weren't any issues. He certainly doesn't sound as if he worked too hard for that commission check. Sorry you got a sucky realtor. :0(
you cant get out of the purchase but you SHOULD have received keys to the home at the closing table - call your states DEPT OF COMMERCE and tell them - they'll get you keys FAST
Where I live we have a ';cooling off period'; which allows you X amount of weeks to cool off and decide whether or not you've changed your mind.



I'm at a loss to understand why you pursued this particular realtor? There are plenty of realtor's out there who would do a fine job and who would love to assist you because they receive a commission from you which pays for their services.



If you want this house, persevere. If you don't want this house then reverse the process.



You need to acquire copies of the documents you've signed and a lawyer. Is there a friend or family member who can assist you at this point? Someone who's bought and sold a house before? Ask them to help you get through all of this mess.



Good luck and keep a cool mind.



- Pepper.

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