Buyers backed out of deal

[Dawn Curry]

So we just recently put our flip up for sale.. within 18 hours, we received a full price offer with them asking to immediately take the House off the market. Obviously our realtor said we’re going to wait until all the showings are through and wait until we sign contracts. Well after a few days we decided to accept their offer, sign contracts and take it off the market. Everything was going great. 2 weeks went by and the home inspector came. Of course, they find things.... it’s their job. They’re going to knit pick! The “buyers” put on their repair list to upgrade heater (which has been working great and was serviced), install sliding basement windows (which is an upgrade and we told them no because that could get pricey), our kitchen shelves in (we didn’t get to that just yet), put screens in windows (I was getting some broken screens re screened and didn’t put them in bc of the weather), etc. Well anyway.. we said we would repair about 85% of their repair list. Well they came back today and said they wanted to see all the permits because they were concerned about the “quality of the work.” I sent the permits over to my realtor and my realtor sent them over..... next thing you know my realtor calls me up saying the “buyers” are backing out of the deal because their concern of the quality of the work and the lack of permits! It’s funny because our construction company is very well known around the area (the buyers were from out of town) and have complete multiple prestigious builds, remodels, additions, etc. Oh well! Can’t dwell on it, but thought I would share! I’m thinking it’s a cop out from first time home buyers thinking they’re going to get Taj Mahal in a little town!

[Casey Mericle]

 Read your first sentence. They know what they’re doing. They asked you to take it off the market because they want to negotiate a better deal with you in negotiating on the inspection and then asking for the permits.  They hold off the market, then wittle your price down. Don’t take your property off the market until closing.