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Updated over 9 years ago,
Need Advise Please!
You all helped me last year in assisting my disabled son to purchase his first home. You helped through the purchase, the rehab, and the renting of it.
My husbands health issues [as well as my own] has forced an earlier retirement of our business [by about 2 years] than we had anticipated. We were already planning to move to Pueblo to start an Autistic community, but this pushed it up a bit,
Our building is going to be purchased with cash in a few weeks by a friend of ours. Another friend[ who we borrowed the money for our business from in the first place] has some official form pledging to pay for the homes we purchase in the case that the closing takes place before we receive money for the business and building.
Okay, so I started looking at listings and saw a place that looked good. I called the same realtor who had helped with my sons purchase. Our realtor put in an offer for us. Their realtor put in a counter offer. We went to look at the house [ I know, but they go that fast here] I saw the house and told the realtor that we were not going to accept their offer because there was no backyard, and because the smell o cat urine was so strong and I did no know how to get rid of it.
Came home, and said to myself, but there are many of us [Autistic people] who cannot tolerate the outdoors and that house would be perfect for them. But the smell. So, I did research online on how to get rid of the stench[house needs new floors anyway] which I had confirmed by the sages of house renovation [ Home Depot employees] and,the next morning called the realtor and told him that we had changed our minds.
The realtor said that since we had not immediately jumped on then deal that then other realtor had been angry and wanted further proof of finances. I then called the owners and told them that we still wanted the house at the agreed upon price if it was still available. The owners were super nice and excited that we were not your usual rental investors. It had been his grandmas house for 40 years before they had bought it after she died. We had an instant connection and they said that they knew that we were the people God wanted them to sell to.
So, the next day we get a phone call from our realtor. He said that my conversations with the sellers were extrememly illegal[ we did not make any changes at all in the contract, we just got along] I told him that there were messages from the sellers and h told me that Iwouldbe in big legal trouble if I returned the phone calls. So I did not.
So, we put in further proof of our finances, and signed and sent the contract.
3 days later, as I am packing [we had all agreed on a closing date the end of september] we get a text saying that they accepted another offer. We asked why we had not been given achance to outbid, and he said that I was lucky that I was not charged for illegal contact. [Colorado]
so wasthere a lack of ethics somewhere? Was Iillegal? Were the sellers who called me many more times than I called them, though I initiated, also illegal [ we were not making any changes]
and, should we trust the realtor?