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Updated about 3 years ago on . Most recent reply

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Linda Liu
  • Investor
  • Bay Area
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Difficult seller and agent

Linda Liu
  • Investor
  • Bay Area
Posted

Hi all,

Need some assistance here: During the due diligence period, my realtor missed the deadline to negotiate the deal I wanted because he was traveling for his birthday. Sellers agent was unwilling to work with us and requested a mutual release but eventually agreed to a small deduction from the purchase price but not enough to cover the work that needs to be done. I also requested additional documents like estoppel certificate, mold remediation that the seller isn’t able to produce. Should I just back out or push back for a further deduction? The seller seems shady.

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Bill B.#1 Buying & Selling Real Estate Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#1 Buying & Selling Real Estate Contributor
  • Investor
  • Las Vegas, NV
Replied

Back out. It sounds like they probably have a higher and/or better offer and don’t mind if you walk. That way you’re happy and they’re happy. Make sure you have at least one contingency left or you’re going to lose your earnest deposit. 

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