All Forum Posts by: Huso Akaratovic

excellent post!!  Thank you for sharing, it is very inspiring to read stories like this. Keep up the amazing work. 

I used it on multiple properties, flips and rentals and never had a complaint. It’s worth trying it. If you’re not so sure, maybe trying it out on a rental property and go from there. Good luck.

Alright folks, here is a final update. I was finally released from this contract that has caused me a lot of stress.  I can breathe with an ease now. Still trying to figure out how i should proceed with handling the listing agent. Has anyone had any similar situations and what was the outcome?

Thanks everyone for the assistance. 

great job! Very inspirational.

@Wayne Brooks so, how do I handle this since my listing agent is being unreasonable. You’re suggesting I wait for them to sign the form first and then place my signature on it. 

Alright folks, here is the latest update on what is going on regarding this matter. So, after the lender/buyer made a request to extend the closing. I replied to them advising that the deal will remain the same if they are able to close within the terms of the contract, which was 10 days after the initial scheduled day. And if they were unable to comply, I countered them to pay the full listing price. Once this information was sent out, I haven't heard anything from anybody until today. The last day to comply with the old contract was yesterday by midnight. 

I received an email from the listing agent: "She attached a "Release Agreement" releasing both parties from the contract and requesting the EMD to be released to the buyer. Only her signature is singed on this form. Other parties have not signed yet. She indicated in the email that she needs this back ASAP. Now, I am a little skeptical about her since I don't trust her anymore. Is it safe for me to place my signature on this document before the other parties sign it? Also, is it normal that she is generating this release agreement and not the buyers agent, since the buyers agent was the one that created the contract in the first place? Can someone please clarify this for me?

I replied to her email stating the following" I will sign this document and return it tomorrow once my attorney looks at it. Also, can you prepare a document that releases me from further listings associations/ties with your company" ? 

She replied the following, which was mind blowing for me: "No document needed to release you from association with my company. I would not deal with a stupid jerk like you!!! You are a waste of time".

Her behavior and demeanor is shocking to me. What can be done regarding this type of recklessness and aggressive behavior??

The only reason why I wanted to back out of this deal is because I did not trust her. And since this was my first time selling a property, I just did no want to get myself involved in any other drama or potential legal problems. She is the mere reason why this deal did not move forward.  Please help. Should I go legally after her and is it worth it? 

I appreciate everyone's input regarding this matter. I am learning a lot throughout this unfortunate experience that I'm going through. Learning is always a plus, so I'm trying to remain calm and collected. After this nightmare, I will never get a discounted broker/agent for obvious reasons. 

I spoke to my attorney this morning that is doing the closing and debriefed him on what was going on. His advise was to get out of the deal completely and relist the property instead of wasting your time with these folks.  Well, this is easier said then done. I asked him what my other options were and if I could counter, and obviously as some of you have commented. At this point I can counter anything. The conversation between him and I was pretty short.

So, now my concern is. Since my listing agent and I don't have a good relationship, and I know if I counter, she would have to prepare those documents, which will make her probably upset especially since she is working for free. Can she walk away completely without participating, or she's still obligated by the initial contract to remain in the deal. What would you folks do? Would you remain in the deal or get out completely?

If I was to remain in the deal: I would tell them the following:

Per our contract, we were supposed to close on January 31, 2018. As indicated in the contract, you have a 10 day extension. If you are unable to close by the time the extension expires there will be new terms.

The seller will be requesting a full listing price from the buyer (84 900). Also for the buyers to pay their own closing cost up to 3% and to close on or before February 21, 2018. Also, the EMD will not be removed from the contract.

Are these requests on my behalf being unreasonable and too aggressive. Please share your thoughts.. 

Thank you in advance for the assistance. 

So, we were supposed to close on this deal on January 31, 2018... I haven’t heard a thing from my listing agent since she disconnected the phone line on me last week....On Tuesday, January, 30,2018, I sent her an email inquiring on the closing and if everything was ready to go. She replied advising that termite inspection will be completed on Wednesday (the day of closing..smh) and the HOA book was not ready either.. she also indicated that the appraisal documents haven’t returned, so as a result the closing won’t happen as scheduled. I didn’t reply to her email, but instead notified my attorney that’s doing the closing and made sure they were up to date.. luckily, my attorney and buyers attorney have been communicating, so everyone was on a same sheet of music. So far, the understanding has been between all parties that the closing will take place at the end of next week.. So, today, February 1,2018... I received a call from the listing agent. Of course, I didn’t answer, because I want a paper trail on every conversation that I have with her moving forward... she left me a voice mail and shortly emailed me. She stated that the lender for the buyer has requested some changes stating that they can’t close until February 21,2018. They also want to change the closing cost terms , so instead of me giving them 3%, they’re willing do request only 2%. They also made a request for the EMD to be pulled out of the contract since the actual buyers did not right the check, apparently a friend of theirs wrote for them and now they don’t want it to be part of the contract. ( this part confuses me a lot)... Furthermore, she stated let me know how you feel about these changes before the buyers agent writes it up. She also said Let me know if you want to cancel the contract and I’ll write that up and send that to her. So, I am so confused and lost with these people at this point. What are my right and options... please share some thoughts and advice.... Can I counter them as well and request for them to pay a full price on the property and closing up to 3%.... please share some ideas... Thank you in Advance ..

@Joe Norman thank you. Will do! 

I sure will. Thank you.