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My sister purchased a new dining room set in January. She's HOPING the chairs arrive in August as scheduled! It took 6 months for her refrigerator to arrive. I wouldn't sell any appliances or furniture today unless you know you already have the appliances in your next home.
This is the pain I deal with daily working in procurement. It's been a nightmare. Our demand has increased and so have prices and lead times. Backorders, delays, etc. Trying to find alternates if I can. Furniture is among the absolute worst things to try to buy right now. I've had a couple orders outright cancelled by the vendor.
Out here I have heard of chickens and a goat conveying...
We have had a couple instances where a particular piece of furniture or a rug was negotiated because it fit particularly well in an odd space.
But anything that conveys in the Real Estate Contract must convey "at no value" unless there is a separate contract. Only the real estate is counted in the price. Banks don't finance used furniture, or farm animals.
As Rakin says, sellers can't just walk away from a contract.
But is there a contract here? My interpretation was that the buyers made an offer $4000 below ask and added the personal/property request. I don't see where (unless I missed it) where RaRa accepted the offer.
But is there a contract here? My interpretation was that the buyers made an offer $4000 below ask and added the personal/property request. I don't see where (unless I missed it) where RaRa accepted the offer.
In the first post. They're under contract and in the inspection response phase.
In the first post. They're under contract and in the inspection response phase.
Ok. I see that now. But my question is still the same about "Is there a contract?".
I may be misreading it but it looks to me that the buyer came back after the initial acceptance and inspection asking for a $4000 concession and property. Doesn't that change the original contract acceptance and the sellers now have to agree to that change?
But is there a contract here? My interpretation was that the buyers made an offer $4000 below ask and added the personal/property request. I don't see where (unless I missed it) where RaRa accepted the offer.
Welllll... You know, in four posts, the OP never uses the word "contract."
If this is a NY deal where the attorneys draft contracts after inspection, then, maybe there is not.
Most other places, though, the buyer inspects after an executed contract.
OP?
Do you have a contract?
Quote:
Originally Posted by RaRa1015
We listed our home and had several offers within 24 hours. The one we selected is now coming back to bite us in the rear. The home inspection was completed and several issues came up. One is a big issue that insurance will take care of and we will fix. However, the buyer's realtor won't send over the list of repairs yet. They are wanting us to agree to conditions before we see the report. They are asking for $4000 off asking price and they want almost all of our personal furniture/belongings. The furniture they are asking for is worth over several thousand dollars and about everything is almost brand new. They stayed at the showing for over 3 hours. During this time they went through each room and photographed every personal item they wanted to use as leverage for repairs. I am actually disgusted by what they asked for. I was more than willing to compromise on repairs but they want all our personal belongings. Some things cross a boundary into just plain creepy. We are ready to walk and relist just to get away from this buyer. What is everyone's opinions?
In the first post. They're under contract and in the inspection response phase.
There's usually a clause in this phase that gives both the seller and buyer a way out. The inspection is quite often when contracts are broken. I've done it as the buyer. The repairs would have cost more than the house I was buying so I walked. I was walking if they were over $10K. The house was only $150K so $10K was a decent amount of repairs. The seller wouldn't fix anything. They wouldn't even remove the mold in the attic. No problem. I walked! I've never regretted it. She on the other hand finally sold that house for $30K less than I offered 3 years later.
There's usually a clause in this phase that gives both the seller and buyer a way out. The inspection is quite often when contracts are broken. I've done it as the buyer. The repairs would have cost more than the house I was buying so I walked. I was walking if they were over $10K. The house was only $150K so $10K was a decent amount of repairs. The seller wouldn't fix anything. They wouldn't even remove the mold in the attic. No problem. I walked! I've never regretted it. She on the other hand finally sold that house for $30K less than I offered 3 years later.
Do you have language in any typical current Standard Form contracts that provides the seller with the right to terminate unilaterally during inspections?
I haven't ever seen it.
Last edited by MikeJaquish; 07-13-2021 at 01:09 PM..
If I were you OP I would just re list and start over with someone else . I had to do that once and so did my parents . It is not that hard and you could end up selling to the first person who looks at it . I did and so did my parents . Good luck whatever you decide to do .
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