Sooo...even though the buyers walked away things are moving along quite nice. The original buyers did provide us with the radon report and their home inspection report. We all released each other from contract and they get their earnest money back.
In the meantime, my realtor worked her contacts and since I last wrote we have received two offers, had one showing last night and two showings scheduled for today.
The first offer that came in was from our second offer people the first time around. A pretty good offer however, their home is going on the market this weekend in another town so they don't have a buyer lined up for their home, and they didn't want to close until August 28...120 days out! So unfortunately, they were rejected again.
A late showing last night (which irritated my kids) resulted in an offer. These buyers live like two blocks away and have their zero lot line home/condo pending sale to close on May 15. Their offer is just as good as the last offer we took and they are willing to close on June 12 (the day after our items are moved out). Because of my husband's work schedule we were given until 6pm this evening to respond.
We also have two showings scheduled today! One around lunch and the other just before we need to respond to the current offer.
How is that for a crazy day? Bad news that turns into good news. We just might be under contract again tonight!
Released and More Offers
April 29th, 2015 at 11:34 am
April 29th, 2015 at 01:39 pm 1430314746
April 29th, 2015 at 02:29 pm 1430317743
I'm puzzled as to why people who offer and walk away are entitled to a return of earnest money to repeat the same trick for a third time. There is a whole psychological process about believing the house sold, having it off the market 'conditional' as other buyers don't waste time with pending sales. I doubt the next 'sold' will feel complete until closing.
Are DDs sad to be moving? I hope they cope well with change.
April 29th, 2015 at 03:10 pm 1430320229
Don't get me started on the walking away and keeping earnest money. I grilled my agent about that! In all her years of experience it nearly always goes back to the buyer. The only time it tends to go to the seller is days before closing when all contingencies have been released. She said since buyers had appraisal, financing and a few other hoops to still cross they would have several outs. They could simply have their bank write a letter saying that they we not able to provide financing. We were ready to cut ties and move on! At least they did provide us with those reports. All looked good except for leak repair which we are working on and a small electrical issue which will be easy to take care of.
My oldest daughter was weepy last night. It is sad to move. She's the one going to college so it is probably a bit harder. I know I cried when I went off to college!
April 29th, 2015 at 10:13 pm 1430345638
May 1st, 2015 at 04:40 pm 1430498424