The deal:
We are under contract to sell my wife and I's small home with intent to buy a larger home (We have found a home we love)...The house a 700SF 1BR/1BR 80 year old-bungalow in a great neighborhood. I've put $$$ into the home, and am fine with losing $$$ on the property.
-Inspection raises concerns about structural issues, we bring in a structural engineer the next week (recommend by buyer's inspector, paid for by me.)
-Inspector writes report recommending $20K worth of repairs: (beams in basement not up to code, fill in cracks, underpin rear bedroom, etc...)
-AC coil and AC unit had to be replaced in past 2 weeks ($3K)
The inspector came on 7/9 and we brought in the engineer on 7/17..Today: (2 weeks later) we get a formal request for repair from buyer, basically demanding every single issue with the house to be repaired/credited). Buyer is concerned about the (most likely) asbestos shingles and possible lead paint....These were non-starters for us a month ago.
Basically, we are willing to offer up a $17.5K price drop + the new AC until ($3K) = $20K. We're getting F'd here, and the buyer is flaky. We sent our lawyer a response TODAY within an hour. We are talking about a cheap, old home in good condition, great yard, great area. This buyer sucks.
This process sucks. Never again.
It will most likely come to that.
We process about 5 purchases/sales a month in my office and I'm usually shaking my head over no less than 4 of them.
We told our initial buyer to forget it, and found a new buyer that actually wanted the house
We process about 5 purchases/sales a month in my office and I'm usually shaking my head over no less than 4 of them.
It's mind numbing. You don't want to buy my house? Fine. But can we decide that in less than a month? The buyer submitted the same requests/concerns she did a month ago. We've gotten no where in a month, other than me spending $500 on an engineer, to tell me how to re-build my entire home, lol. I also dropped $300 on an exterminator to treat for non-existent powder post beetles! Then the new AC Unit!
Serenity NOW!
We told our initial buyer to forget it, and found a new buyer that actually wanted the house
Yup. Buyer is a 1st timer and clearly wants an old house with charm, but wants to do no work. Price point is bottom of the market, we're not talking a $500K+ home here. Stop wasting everyone's time.
Yup. The thing is: I'm not sure how bad they want it...They have said multiple times they loved the house. Their lawyer is an issue as well. We WANT TO SELL.
Is a CO going to be an issue now?
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and the constant presence of shitty realtors, no-nothing lawyers/notaries and greedy buyers makes it worse.
We process about 5 purchases/sales a month in my office and I'm usually shaking my head over no less than 4 of them.
It's mind numbing. You don't want to buy my house? Fine. But can we decide that in less than a month? The buyer submitted the same requests/concerns she did a month ago. We've gotten no where in a month, other than me spending $500 on an engineer, to tell me how to re-build my entire home, lol. I also dropped $300 on an exterminator to treat for non-existent powder post beetles! Then the new AC Unit!
Serenity NOW!
This is why I recommended in your first thread to offer them an as is price and give them a firm date of about a week to accept your offer or offer expires.
Sorry you hear are having to go through this extra aggravation.
In NY, I had to hire a lawyer for what I felt was zero value added. Met in a large room with the buyers, the buyer's realtor, the buyer's lawyer, my realtor, my lawyer. Long meeting. Lawyers haggling over trivial stuff (how do we divide a $26 water bill. How about take the days of the month the house was partially owned and divide it. I need a lawyer for that?).
In California, no lawyer required (no problems with any of the sales), never met the buyer. Never met the buyer's realtor. Just dealt with my realtor.
Yep, sure sounds like everyone is the problem here but you.
Yep, sure sounds like everyone is the problem here but you.
Eat shit.
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In comment 12394825 RasputinPrime said:
Quote:
and the constant presence of shitty realtors, no-nothing lawyers/notaries and greedy buyers makes it worse.
We process about 5 purchases/sales a month in my office and I'm usually shaking my head over no less than 4 of them.
It's mind numbing. You don't want to buy my house? Fine. But can we decide that in less than a month? The buyer submitted the same requests/concerns she did a month ago. We've gotten no where in a month, other than me spending $500 on an engineer, to tell me how to re-build my entire home, lol. I also dropped $300 on an exterminator to treat for non-existent powder post beetles! Then the new AC Unit!
Serenity NOW!
This is why I recommended in your first thread to offer them an as is price and give them a firm date of about a week to accept your offer or offer expires.
Sorry you hear are having to go through this extra aggravation.
This is where we are at now. We've been waiting on their lawyer for weeks.