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By the way, there is no money in the escrow account of the people that are buying my home. It was supposed to be delivered according to the contract by July 2nd and there were tons of excuses why this happened. Would any of you accept that fact that you have buyers for your home with no leverage??? The buyers have another home that is empty as a option in the same development.
In my mind, if an escrow check is not included in the offer for purchase, then it is not a valid offer by willing and able buyers. So are you saying you don't really have a contract on your house?
If the OP was my client I would have handled it differently.
I would have persuaded the Seller's agent to change the original sales price to 20K higher than the original listing. This way if an offer was made on the house during the contingency period, the seller would probably realize a higher offering price than the accepted contingency offer. In addition, the OP could brag about the highly discounted price that they were able to buy at. This way they are all happy!
ONLY KIDDING!!!
Actually this is one of the saddest postings I have read.
In my mind, if an escrow check is not included in the offer for purchase, then it is not a valid offer by willing and able buyers. So are you saying you don't really have a contract on your house?
Maybe the buyers of her house are waiting for their house to close to get the cash for the escrow. Or maybe they are unwilling to actually put money into the game until their house closes. Not the right thing to do by any means, but interesting to see if the money comes in on Tuesday.
Whatever the reason, the fact is that the process on the northern house is not really going well, so the seller here is being really smart to keep marketing their house.
If the OP was my client I would have handled it differently.
I would have persuaded the Seller's agent to change the original sales price to 20K higher than the original listing. This way if an offer was made on the house during the contingency period, the seller would probably realize a higher offering price than the accepted contingency offer. In addition, the OP could brag about the highly discounted price that they were able to buy at. This way they are all happy!
ONLY KIDDING!!!
Actually this is one of the saddest postings I have read.
My heart goes out to the seller.
Mine, too. The Seller has done absolutely nothing wrong and surely did not deserve to have their "morals" questioned, lol.
In my mind, if an escrow check is not included in the offer for purchase, then it is not a valid offer by willing and able buyers. So are you saying you don't really have a contract on your house?
Yes, there is no escrow check with the agrement/contract to puchase the house, so there is no contract.
Can you explain why it bothers you that they dropped the price to what your offer is? I could see being maybe upset if it was lower than your contract price. But it's the same.
If you are so worried, then remove your contingency in your contract....That way the seller won't be so worried.
You are in the same boat as the seller, your buyer may not close. So I'm surprised you don't understand the seller's perspective.
OP, it's hard to think of a more ridiculous reason not to buy/sell a house. I think something else is going on here and you are looking to justify taking an 'out' by accusing the other party of being unethical.
Heck, if I was selling a car or furniture on craigslist I'd still keep the ad up and entertain possible buyers until one of them put cash in my hands. You seriously think people selling a HOUSE should take down the ad or not reflect their new price based on your CONTINGENCY offer?
Given that you are willing to scrap the sale over this I'd say that the sellers were ABSOLUTELY CORRECT and JUSTIFIED in keeping their listing open. They don't know what kind of people they are dealing with and are wise to protect themselves.
Yes, there is no escrow check with the agrement/contract to puchase the house, so there is no contract.
Again, I'm not a real estate agent, but I'm not certain this statement is true. If you signed an offer sheet and the sellers accepted, I believe there *IS* a contract.
You still haven't said why you're looking to get out of this deal, though. In the first couple of pages of this thread, you admitted that you love the house. If you were happy enough with the price to offer that amount, and you love the house, what has changed?
This is NOT adding up, in the least and you have given every reason under the sun as to why/how you feel you have been wronged. I don't think we're getting the real story, to tell you the truth.
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