Buyer wants walk through day before closing
eliw23
17 years ago
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carla35
17 years agocolleencc
17 years agoRelated Discussions
Question about buyer's access before the closing
Comments (12)That is absolutely NOT ok. The agent should not have given the key to the "buyers" (that's what they are, NOT owners). Unless stated in the contract, the day of closing is the day they take possession (ie. get the key). A quick call to the agent's broker should confirm this. The agent is taking a big chance by doing this. If there is any damage to the house (done by the buyer's coming in and out as they please), they could bring that up at the final walk through and want them fixed. *I am a real estate agent, not an attorney or anything. This is personal opinion and should not be used as legal advice or guidance. (sorry, with the way the world is, this in necessary)...See MoreHow many days before closing should we move out?
Comments (48)So...... as the seller, I am expected to have a completely empty house, with ALL the work that entails, for the final walk through? What, may I ask, is the point of a walkthrough? I would assume it is one last check to make sure nothing is wrong, as subjective as that sounds, before closing. That being the case it would appear that I the seller am burdened with hoping the all powerful buyer doesn’t back out the day before closing after secretly finding out they’re pregnant. Thus, leaving me with the work of moving back into the house paying movers for nothing and then resetting the home for showings. Forgive my vulgarity but this sounds dumb as hell....See MoreBuyer canceled contract days before closing as a negotiating tactic??
Comments (21)They should have done their research about fees to develop land in the county, before they decided to buy land there. Then, they should have only made offers on pieces of property that fit within their overall budget for building. As a kind of side note, anyone who wants to build and who is saying that $10K extra means they cannot afford to build (before they even buy the land) is either playing some major games or they are never going to finish their build. Houses always cost more to build than you expect. It's really entitled of them to expect you to take money out of your pocket and give it to them to build the house they want, and that's exactly what seems to be happening. They can get a loan, build a smaller house or reduce costs for building in some other way, in my opinion. I'm wondering if they are planning to treat the people who build the house in the same way? Tell them that they should work for less, because it's costing more than they expected to build? Maybe they'll tell that to the people who supply the materials to build the house? I can just picture them at the lumber yard, telling them they want to pay thousands less for the lumber, because it's costing more than they expected to build, as the lumber is being loaded onto the trucks for delivery. The house we recently sold... There were multiple all cash offers for less than the house was worth. We rejected them all. I'll share some of the calls that we then received from one particular real estate agent... "But, it's an ALL CASH offer," he said, as if that entitled them to pay less than the house is worth. "But, they want to add on, so that's why they can only pay that much," he said, as if we should take less than the house was worth, because they wanted to add a bedroom. "It's not up to us to fund their addition, they can get a loan for that, or wait until they save more money," we said. "Won't you just meet with them, so they can tell you what they want to do with the house?" "No, absolutely not," we said, "we don't care anything about their plans for adding on...they can do whatever they want with any house they buy, after they buy it, but they aren't buying the house we're selling for less than its fair market value." You are basically dealing with buyers who are playing the same game these people tried to play with us. There was no way we were going to tolerate or reward their behavior. But, we could wait (indefinitely) for different buyers. It's also a market here that favors sellers. You'll have to decide what to do, taking into account your needs and the real estate market there. People will do whatever they can get away with. I am not really sure that them finding out it costs more than they expected to build there actually entitles them to get their earnest money back. I'm sure their real estate agent will say that it does, though, whether it's true or not....See MoreBuyer got cold feet one week before closing
Comments (10)If I want the earnest money I have to sign it. I spoke to an attorney, she said take the earnest money and move on. Realtor says take the money and move on. Work at the house did need doing. It however did not need doing urgently and could have waited to be put on the contractors regular schedule and not pushed through as a priority. I had offered the full cost of the work and additional money if the buyer did it after closing. I've basically had my life turned upside down to get the work completed in 9 business days and had to pay a premium price to get it done. These buyers have been a pain the ass since day one. You would not believe the stuff they have pulled. I'm relieved to be rid of them but not about having to start over again for a third time. Maybe the next buyer will be sane....See Morenancylouise5me
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