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Updated over 7 years ago,

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441
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462
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Joe Prillaman
Pro Member
  • Rental Property Investor
  • Carolina Beach, NC
462
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441
Posts

The personal letter worked.....but now it's getting weird

Joe Prillaman
Pro Member
  • Rental Property Investor
  • Carolina Beach, NC
Posted
Ok so here's the deal. I'm in the process of purchasing my personal residence in Wilmington NC and decided to give the whole personal letter with a picture of my wife and I a shot. It worked perfectly. Even with multiple full price offers mine was accepted. Now here is the not so fun part. The buyer originally asked for a 60 day lease on the property after closing. Come to find out they never signed my 60 day lease and the day after the due diligence period ended they submitted a lease for only 30 days? I had to jump through hoops to make the 60 days even possible so I was not pleased. We get that figured out and now they are freaking out over a $500 dollar security deposit. The wife of the seller has started sending me emails telling me they are sorry the 30 day change inconvenienced me but it was not part of the original agreement and the husband called me tonight to tell me he has had a lot of extra expenses and will only be able to bring $100 to the closing table for a security deposit. They also don't want my realtor involved in any part of the lease agreement and do not want him to inspect the house after the lease or hold the security deposit funds. We are 5 days from closing and I'm getting bad vibes. I just can't decide if this is the hill I want to die on. My wife loves the home and we are excited to move in. I just don't want to be stuck holding the bag at the end. Any advice? Thanks, JP
  • Joe Prillaman
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