Skip to main content

Frustrated with the sellers and their agents

Hi, I and my wife are first time home buyers and were naive enough to expect a smooth sailing experience. We put down an offer on a house which is supposed to close tomorrow. But throughout the process the seller and their agent have been everything but communicative. After the inspection the seller refused to all the minor changes we asked for and also didn't want to give credit or replace the water heater which had started rusting. After many talks with our realtors they agreed to replace it. We did a walkthrough today to water heater has been replaced but the sellers and their agent is not responding to our requests to provide proof that the water heater is a new one. They're basically ghosting us.

With this and taking their behavior into account I don't see us closing on time that is tomorrow. When I asked my agent for options they told me that we could either file for an extension or cancel the agreement. He said if we do the latter the sellers might sue us for earnest money since we didn't close. Our agreement just asks the seller to replace the water heater with another of similar efficiency. It does not mention that it has to be new. When we were signing this it never occurred to me that anyone might try to replace it with another old water heater. So I don't know how strong a case they have if they decide to sue us for earnest money.

Another option he gave us is to accept it and then go to small claims court. We've never done this and I don't know how effective this would be.

I am frustrated and do not know what my course of action should be. I don't want to file an extension with no consequences for the sellers for this kind of behavior. I am not sure if I should cancel the agreement with the possibility of being sued or should I just try my luck at the small claims court. We're immensely stressed as we'll have to move out of our apartment soon and we were counting on the house closing on time.

Sorry about the wall of text but I guess I am just ranting.

submitted by /u/TheSettledNomad
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/dphwin/frustrated_with_the_sellers_and_their_agents/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more