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I hope some professionals can chime in on what to do/not to do.
Earlier this year we sold our old house quickly at over list price in a hot market to buyers. House passed inspection no major problems found and no repairs requested by the buyers. No drama. Closed on time.
We now live in a nearby neighborhood and are still friends with our old neighbors, who have befriended our buyers (their new neighbors, essentially) so we have run into the buyers on several social occasions. I would guess that is going to continue due to kids' birthday parties, BBQs, etc.
So far I have avoided speaking to them at these functions because of reading here about how any contact might mean they'll decide to come after us for various issues or even sue us? I know they're the buyers, I'm not sure they are aware we're the sellers...yet. We didn't hide anything about the house, it was sold vacant and thoroughly cleaned. However, they paid over list price and after we closed, several other identical homes in the development came on the market...and sat there with multiple price reductions. Finally they too sold but all at less than what our buyers had paid. So I worry they might have buyers remorse and be motivated to complain etc.
Anyone have a similar experience? Advice appreciated!
We did. We sold our house and moved nearby. We went back for block parties and birthday parties since we were all very close. We have no problems talking to the buyers. They are great people, and it isn't awkward at all.
You seem to be concerned about the buyers purchasing at a high price. If they would be upset with anyone other than themselves it should be their realtor if he/she didn't advice them on the comps. Or perhaps the realtor did and they just didn't want to miss out on a great house for not too much more.
What do you think they could really say to you? "We spent too much on the house"? I doubt anyone would say that, whether it was at a barbecue or via a return-receipt letter. I mean, they're surely not going to ask for a refund of part of the purchase price!
I think you're worried about something that is almost definitely not going to happen. Enjoy yourself at the parties and don't worry about it!
No matter what, whatever they do the property, tell them you love it. They cut down your favorite tree--you love it! They painted it purple--you love it! And don't tell your old neighbors anything different. Just friendly advice.
No matter what, whatever they do the property, tell them you love it. They cut down your favorite tree--you love it! They painted it purple--you love it! And don't tell your old neighbors anything different. Just friendly advice.
I don't think you have to say you love it but l4h's advice is good. Nothing to be gained by questioning their choices. I wouldn't worry about it. If you didn't misrepresent anything, you have absolutey nothing to worry about.
I just met the seller of our house last night. She came up and introduced herself as the kids were running around Trick or Treating. I told her we loved the house. I even invited her in, but completely forgot we painted over the hand painted murals on the walls (in every room). Turns out she declined then said her mother-in-law did all the painting and that she painted every house they lived in and every buyer after painted over them. She wasn't upset in the least, but said her young daughter would be upset as she doesn't like change. I remembered meeting the daughter last Halloween and after she told me she lived in the house, she peeked in the door and said, "it looks different", to which I just said, "yes we have different furniture".
I didn't realize how much it was going to cost to repaint the whole house and we never used that in negotiations, but I would never say, "we should have gotten a better price for all the painting we did". I think the OP is worrying unnecessarily.
If they wanted to sue you they could easily find you.......hiding your identity at a social function will not protect you from a suit. If your house passed inspection and nothing was hidden like you say then relax!
If the neighborhood knows you were the owner, the new owners probably know already. It's potentially a little awkward, but the sooner you talk with them, the better. Get it over with.
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