Skip to main content

Buyer Wants to talk to seller...

I'll spare all the fine details, but, the overview info:

  1. Selling agent royally screwed the pooch with the listing, failing to get all appropriate docs over upon acceptance (bank is involved in the sale). Now 75+ days into the transaction and set to contractually close in ~10 days.
  2. Buyer is very sick. Completed their homesale and moved here. Displaced and living in tent for over a month at this point. They are unable to get the treatment they need without a permanent address and are growing desperate.
  3. Buyer has been advised to sue for specific performance if purchase isn't closed on date, but they don't really have the money for a lawyer, either. Every lawyer (and the Realtor legal hotline, themself) said it is "open and shut in the buyers favor for specific performance."

Now, the buyer keeps telling me they are going to go over to the selling brokerage to calmly ask what is going on and how we can close this thing. I have been having to tell them to absolutely not do this nearly daily. Buyer is now asking me to arrange a "meeting between the agents, brokers, and buying/selling parties" to cooly discuss things.
I have tried and tried to explain how this is firstly very unlikely as the selling agent wouldn't want the seller to "spill more beans" and further incriminate themselves, but also how it inevitably will devolve into chaos and make things worse.
My buyer is getting desperate at this point.

Just looking for other thoughts on how to explain to buyer?

submitted by /u/INTER5TELLAR
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ou11yh/buyer_wants_to_talk_to_seller/

Comments

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...

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...