Skip to main content

Buyer keeps adding addendums and seller agent is putting us at risk

We have foolishly signed 2 addendum, the first when our agent said we would be in breach if we didn’t sign. We received it on a Sunday morning and the buyer 5 day option expired at 5:00 that night. That addendum lowered the price in lieu of repairs.

Two days later, without warning, another addendum was presented giving buyers 21 days to secure funding. Our realtor did not explain that to us. She simply said it was standard 3rd party required documentation.

Now at 9:00 pm on 10/11 we receive a forwarded email saying ANOTHER signed document is required. Buyer 21 day addendum ends Monday. I contacted an attorney who told us do not sign another document and terminate this sale. We are overwhelmed.

Can we refuse to sign yet another addendum and this legally termites the sale. Buyers will use Hurricane Milton as reason for delay, although appraiser met the deadline. Buyer agent is aggressive. She’s the mother and inspector was a friend.

In the meantime we are now facing a possible cancer diagnosis. We do not have other living arrangements. We have medical tests on 10/25.

Can we terminate if they don’t have funding and we refuse to sign another document. The VA lender is saying it’s because the language changed and buyer AND seller must sign. It hasn’t been presented. They discovered this 17 days into their 21 day extension?

We’re in our 70s and feel utterly abandoned by our realtor. Can we put a contingency that says we have the right to terminate if we receive an unforeseen cancer diagnosis, especially because we do not have other living arrangements? Can we refuse to sign whatever they’re preparing.

We thought we had an attorney but don’t.

submitted by /u/Glum-Bandicoot8346
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1g2kqqn/buyer_keeps_adding_addendums_and_seller_agent_is/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

How to get started?

Hi! I’m 23F and I just graduated college with an english degree (😅) but i’ve been working in nonprofits since I was 16 and lucked into an amazing first job with an one of the biggest and best real estate non-profits! I love my job so far, but it’s my first time being surrounded by such wealth (and very hard working, deserving individuals.) To be quite honest, I‘ve had a rough few years juggling multiple jobs to finish school, and the idea of myself not living paycheck to paycheck seems light years away. This is all being said, I guess I’m posing the question towards the group of what I can do now to start building that kind of future for myself. I find real estate very interesting, and i’ve loved learning about all the machinations behind development- I’m just not sure where to begin within the industry (investment/rentals are definitely not an option for me yet). I’m also looking to go back to school, but being that I don’t know where to start, I wouldn’t like to begin classes aga...