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Buyer wants us to pay for any fees she may incur because of having to extend the buying contract.

Hi there, just want other opinions. I'm in two minds to just get a new buyer and put our house back on the market. We've had this buyer since May and she really wants our house that is contingent upon us finding a house to move into. The inspection process is done, everything is done. We just need to find the right house to move to. Moving in with family or an ArbnB is just not an option with a toddler, being 7 months pregnant, and a dog.

The house was listed for 450 and she offered 465. The appraisal came back and 460k. So, we knocked off 2500.

These are the terms she wants us to commit to for an extension for 30 more days:

This extension is wholly contingent on the following: (1) Buyer may view other properties to purchase during the extension period. Should Buyer have an offer accepted and seller is not under contract to purchase a replacement property, then Buyer may declare this agreement null and void and seller shall immediately sign a release and refund the deposit, UNLESS seller waives the suitable housing contingency and closes immediately. (2) Seller shall be responsible to pay any costs or expenses incurred by the Buyer, including but not limited to rate lock extension, increase of interest rate, re-documentation fees, etc., which occur as a result of this extension. (3)If seller does not close by the expiration of the extension date, Buyer is under no obligation to further extend, may declare the agreement null and void and seller shall immediately sign a release and refund the deposit.

I have to contact our lawyer to see how much these fees may accue to, but I'm not entirely comfortable with this. I particularly don't like where it says "etc." what if she wants us to pay her rent or something else she didn't state. It's vague and unclear. Our realtor said these fees could accrue to possibly 6k with just the lock extension, increase of interest rate, re-documentation fees. Is it really worth it to be paying out of pocket that much when we could just start the process over again? Our house found a buyer quickly. I don't think finding another buyer will be an issue. Of course the inspections and such may take a little time, but things do move pretty quickly.

I feel bad because this buyer has held in there, but I really don't want to be paying all these extra fees to her and she could pull out of buying our house if she finds another house and then we may not even get our offer accepted on the houses we are looking at currently.

What are your thoughts?

submitted by /u/TypeAtryingtoB
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source https://www.reddit.com/r/RealEstate/comments/1m5eput/buyer_wants_us_to_pay_for_any_fees_she_may_incur/
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