Reply to Buyer backing out of no contingency contract

Forum Index » Real Estate

Reply to "Buyer backing out of no contingency contract"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]It's the agent again.

These are all good questions. I agree, I was stunned when my client just up and decided to not buy the house for no real substantial reason. It's been going on for months now. Unfortunately, everyone has to get lawyers if the settlement attorney can't handle it.

In your contract the buyers should have named a settlement attorney. You need to contact that company and explain what's happening and see what they say. They represent the contract - not either side. Their opinion will be most important here because even if both sides get lawyers (I know - you don't want to do that but just as an example) the lawyers have to call the settlement attorney to get the scoop, and the settlement atty is going to say the same thing to them that he said to you and the buyer. So that becomes important because it's not worth it for each side to lawyer up just to all reach an agreement that would be what the settlement agent says anyway.

The other bullshit thing here is that you forfeited other offers for theirs because it appeared more solid, and as such, you likely have much more than a $2000 loss here - and should you lawyer up, that could be proven. Your goal should be to get back on the market asap before the summer starts though, and as much as I would love to see you force their ass to buy, it's doubtful you can make them. I never thought my client would go so off the wall batty and fight this the way it's been going - my client is dead wrong. But we'll see what happens. It's been going on for 3 months now. Don't be in this boat - I hate to say it but you probably have to let those assholes go so you can sell your house asap.

Your agent also needs to scare them and say to their agent that you have zero plans to release their deposit. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics