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Reply to "Protection Against Flaky Buyers"
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[quote=Anonymous]We have been on the market with a nice SFH since August in a hot area. We never expected to still be on the market at this point. During the past 4 months, we've had tons of people through, and accepted 3 of 4 offers that were put forward. 2 of the 3 backed out, without cause about 1-2 weeks in to the process. Both parties completed inspections that came up clean. Both parties had the money to put down 80% cash. We told our agent we wanted to pull off the market for the winter (and unspoken, run out the rest of our contract with him) and come back on in the spring. Sunday night was our drop dead date. So now, we are off the MLS sites, but still willing to hear offers from the last 6 interested parties. We accepted an offer, lower then we would have liked, and lower then the previous 2 accepted offers, yesterday. What are the odds of these people backing out too? Is this uncommon? I never expected such a run around to get to closing. [/quote]
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