Yeah, I know it’s usually “buyer beware” but once you read this, I think you will agree THIS seller got the short end of the stick.
When we had to move my mom to assisted living last September, we immediately listed her home for sale. This past June 14th she would have lived in that house 40 years. For the last 10 years or so, I’d stay after her to do some updating and maintenance from time to time but she just didn’t see the need. I knew that the house would require some pretty extensive cosmetic fixes to get it in shape to sale. However, no one had the time nor the resources to do major updating so we did what we could and then listed the house at a reduced price hoping for a quick sale. We did not get even one offer until Mother’s Day weekend!
After going all those months without any offers, I made the executive decision to take $1,500 of her money and have the house completely painted inside, painted the outside shutters and front door and quite a few other things to make the house appear fresh and updated. We then reduced the price AGAIN and finally got our one offer! We were so excited as the tentative closing date was scheduled for the weekend of my mom’s 90th birthday.
Then an inspector came through and threw a stink bomb in the plans. Let me tell ya’ll----if any of you have your home for sale, get ready for a real eye opener when the inspector comes through. He came back with 2 pages – and more than 20 items – of the most ridiculous things I’d ever seen to be fixed! The prospective buyer was getting an FHA loan and it was my understanding that he was covering his butt with FHA but I could not believe the items he had listed! After I calmed down, we agreed to do all the items on the list with the exception of 2 minor things and we were willing to put some $$ on the table so the buyer could do those items herself.
Wellllll, all of a sudden the buyer got cold feet and would not get in touch with her agent. By this time, I had talked to her agent myself and he told me she would not return any of his calls. When he finally heard from her, she had changed her mind! And now I understand that the contract states she can change her mind and get her earnest money back which is being held in escrow!!! Of course, I am leaving out a lot of this whole sordid story as I am getting mad all over again just typing this. Basically, here’s where we are: We went in and did everything on her “wish list” which were cosmetic in nature and offered her $$ but she still wants out of the contract! Personally I think this woman would never be happy with anything we did at the house. So she gets her $500 back and we’re back to square one.
Does this seem fair to you? Being a legal secretary, I was ready to take this woman to small claims court and had begun preparing my case today…..however, due to the language in the contract, I would probably lose in the end. And after I got to thinking about it, I don’t want this person in my mom’s home at all.
Okay, my rant is over. We desperately need to sell this home! Please keep our family in your prayers that the right buyer will come along SOON.