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Released and More Offers

April 29th, 2015 at 04:34 am

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!

5 Responses to “Released and More Offers”

  1. michdado Says:

    Congrats CCF. Good luck in deciding which to take Smile

  2. snafu Says:

    I hope your initial buyers also handed over their inspection report that can be passed along to eliminate that as a condition, delay and cost savings to another offer. Of course there would be a codicil that the roof issue had been dealt with.

    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.

  3. creditcardfree Says:

    The inspection report was given to us, not sure if the new buyers would be interested in that report as that doesn't give them the chance to speak to the inspector while in the home. I will ask though!

    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!

  4. My English Castle Says:

    Wow--you're one busy girl keeping up with single parenthood, emotional kids, and more showings and offers. Hope this one goes well.

  5. LivingAlmostLarge Says:

    Goodluck and congrats on the offers! Seriously I step away to lost my house and all this happens. Here you also return deposit of $1k but after home inspection the buyers lose 5% deposit which can be substantial

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