No title compan is agreeing to clause 3 |
Then they are idiots. If you don't sign the release, the title company holds it. It then goes to arbitration which takes a long time. You can then appeal the arbitration which takes even longer. You lose at every step, but until it's final, the house does not have clean title and can't be sold |
A real estate attorney is great at drafting contracts and addenda but they do not have contacts or relationships that are crucial to getting a deal though. My Realtor got us a deal because she knew the agent on the other side and we were able to get into a house early and write a compelling offer. Sorry but no lawyer is hitting the pavement like that for you. |
There are myriad reasons securing financing could be held up that have nothing to do with the buyer. Is it a condo? A coop? The lender will need third party information and if they don't get it, there are delays. Is there a lien on the property or some sort of title defect? This will also hold things up. There's not enough information here to judge what is reasonable. Also, how long have these delays been? Maybe the first addendum was delaying settlement a week, the second one another week and the third a few days. (or even shorter). That's not terribly unreasonable if the situation is out of the buyer's hands. We don;t have enough facts here. It definitely could be the seller being unreasonable or at least impatient. |
We finally closed, property sold. I cannot for the life of me understand why a buyer would enter a process without having all their ducks in a row. I'm prepared to do my job as a seller (and this was my first time selling). You better be ready to hold up your end when buying. I know even the buyer's realtor was irritated with the buyer - they were wasting everyone's time (and money). I would bet they haven't even purchased an insurance policy yet. fyi, this is also me. I left no card, no wine, no chocolates, nothing. Because this buyer didn't deserve another penny of my time. https://www.dcurbanmom.com/jforum/posts/list/1191920.page |
The buyer couldn't get his spending together and have enough personal funds to close. This was 100% buyer's fault. Settlement was delayed an entire month because of buyer's effups. |
LOL! That's....not accurate. |
+1 It’s a joke actually. We probably could have pursued it further but the legal fees were going to add up, and we couldn’t put it back fully on the market until we released it |