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If you have inspection contingency then try to use that.
One thing that I don't understand - How your offer was accepted for more than your highest limit? How was it on paper? Or is it that now you don't want that house for what you set your highest at one point of time?
Oh and I clearly stated I don't want to pay over XX.XX amount of dollars for that house.
But what price did you put in your offer? If you offered more than XX.XX, then you just changed your mind, and thought that a text to the agent would be enough?
But if you offered less than XX.XX to the bank, then what is the problem now that they accepted your offer? It seems that you just changed your mind about this house.
Also, looking at your other recent posts in the Real Estate board, it seems that you do not do proper research and act based on misinformation. An example of that is your other thread about the REO with what you claim to be "stink hole activity".
As other posters suggested, it looks like you are not ready to buy a house.
Don't use the inspection contingency. Why should you pay for an inspection? Plus, most contracts I've seen on REOs allow them the option to make repairs so you could still get stuck. Make a call to your agent's broker and explain what is going on and tell him/her to fix it....period. BTW, on my iPhone, depending on the recipient, I can see if the message was received and/or read. I can save that screen as a photo and it goes right into my Evernote file.
Don't use the inspection contingency. Why should you pay for an inspection?
I agree. Don't play games thinking that you can just get out of this later. You may only dig yourself deeper into a hole. Do what you can now to make sure that this isn't considered to be a binding contract by the bank. If the bank wants to hold you to it, immediately get an attorney (and don't pay any earnest money deposit if you haven't done so already).
In the future, if you're not sure that you want to buy a house--don't make an offer!
She's also been asked at least 3 times about that XX.XX price that she says she over bid.
Where did that come from ?
It's possible the text was just reiterating the price on the original offer.
She made an offer for $100K, bank asks for highest and best, she texts back that she doesn't want to pay over $100K.
There are other things that don't make sense but this part at least can be explained.
I don't get it. You texted your agent. It doesn't matter if they didn't look at their text quickly. It is a very acceptable way to communicate in this century, especially if you have a client that prefers text.
I would ask my agent to review their texts to find the directive to withdraw the offer. The agent needs to take responsibility for it and tell the listing agent that you ordered the withdrawal of the offer prior to mutual acceptance, but they didn't see it. The bank can move on to the next offer.
If the agent doesn't take responsibility for their mistake or deleted it, then I'd find a new agent. You can just refuse to accept the bank addenda that you should be getting soon to terminate.
I don't get it. You texted your agent. It doesn't matter if they didn't look at their text quickly. It is a very acceptable way to communicate in this century, especially if you have a client that prefers text.
I would ask my agent to review their texts to find the directive to withdraw the offer. The agent needs to take responsibility for it and tell the listing agent that you ordered the withdrawal of the offer prior to mutual acceptance, but they didn't see it. The bank can move on to the next offer.
If the agent doesn't take responsibility for their mistake or deleted it, then I'd find a new agent. You can just refuse to accept the bank addenda that you should be getting soon to terminate.
I asked about that earlier and it sounds like the TS might have signed that with the initial offer.. I've been finding more and more REO companies wanting addenda to be included with the standard contract, so that someone cannot use that as an out..
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