Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Yes.
It does seem odd to have money in escrow, rather than a reduction in price.
All I can imagine is that the seller wanted to be sure the buyer was not just going to pocket the money and never do the repairs.
The sellers were overly ambitious and thought they were going to get all the repairs done before closing is my best guess. If they had wanted to reduce the price in lieu of escrowing for repairs, we would have been happy to go along with that, too.
Honestly, we were trying to make things as easy for the sellers as possible and I think their plan was to make it as difficult as possible for us. They never offered to reduce the price in lieu of repairs, I guess it wasn't an option for them for whatever reason. It seemed odd to me that they were fighting the whole holding in escrow thing so hard, but I have no idea what their mindset was, other than to be difficult to deal with.
Pocketing the money wasn't really an option with a leaking septic that needs to be relocated. At least not in my mind. The rest of the money was minimal comparatively.
Sometimes the other party can be so irritating, one MUST stay focused. "Eyes on the Prize."
"We love the house. We'd been looking for months and this was THE ONE," but willing to walk over $75 is yielding to irritation over the goal.
I agree with you, but It is ultimately one straw that breaks the camel's back. At some point, if people aren't going to do what's been agreed to, it becomes about the principle, and if you stand up for something on principle, then you better be willing to suffer some slings and arrows or else it isn't much of a principle. Whether or not the battle is worth picking is another story.
Quote:
Originally Posted by goldenlove
The sellers were overly ambitious and thought they were going to get all the repairs done before closing is my best guess. If they had wanted to reduce the price in lieu of escrowing for repairs, we would have been happy to go along with that, too.
Honestly, we were trying to make things as easy for the sellers as possible and I think their plan was to make it as difficult as possible for us. They never offered to reduce the price in lieu of repairs, I guess it wasn't an option for them for whatever reason. It seemed odd to me that they were fighting the whole holding in escrow thing so hard, but I have no idea what their mindset was, other than to be difficult to deal with.
Pocketing the money wasn't really an option with a leaking septic that needs to be relocated. At least not in my mind. The rest of the money was minimal comparatively.
Leaking as in it didn't pass a leak test? Or leaking as in the back yard was a swamp? Personally my big concern would be them paying someone to do a crummy repair job on it and reseal the tank and kick the can down the road.
I agree with you, but It is ultimately one straw that breaks the camel's back. At some point, if people aren't going to do what's been agreed to, it becomes about the principle, and if you stand up for something on principle, then you better be willing to suffer some slings and arrows or else it isn't much of a principle. Whether or not the battle is worth picking is another story.
Leaking as in it didn't pass a leak test? Or leaking as in the back yard was a swamp? Personally my big concern would be them paying someone to do a crummy repair job on it and reseal the tank and kick the can down the road.
Leaking as in it didn't pass the leak test. The seller didn't know of any septic people out here, we did and gave them the name of a trusted septic guy who is now under contract to make the repairs. Thank goodness!
And I agree, it was only $75, but at that point it was going to be the straw for us.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
