Skip to main content

What would you do

So July 4th we looked at the perfect house in our price range plus big enough for our large family. The listing agent was 45 mins late to show the house and sent her brother who had 0 info. So we asked a friend who also does reality to show us the house a week later and she informed us the house had a lean. That would need to be paid in cash according to the listing agent. We talked to our bank and they agreed to add it to our loan so we made a full process offer + lean amount bid. Which took them till 8/14 to except this is were things have gotten fishy they sent us there contracts which had that we were putting 6.5% down. Closing 8/16 and I wasn’t on this paperwork. So we sent it back for the to revise checking in weekly with no response till last Thursday 8/13 when they sent the listing agent an email stating they needed and additional $5,000 to cover expenses the house had occurred and if we agreed they would have us a contract in 48hrs we said no. And are back to radio silence from them and the listing agent. My husband wants to give them a deadline and pull out offer in hopes it will make them get something done. I’m terrified they won’t. The housing market in Colorado is crazy right now and finding a large house for less than 500K is impossible. I guess I’m asking what would you do. Or if anyone has anything they have done that worked

submitted by /u/BrittC22
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1fl6563/what_would_you_do/

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...