Sometimes you just have to follow your hunches... A few weeks ago I received a pretty scary offer on one of my listings.
- The buyer was asking for 6% of the sales price back as a credit; not to be limited to closing costs. There were other red flags that just made me wonder if this was a legitimate buyer, or was someone trying to pull a fast one.
- My initial post had more details about the original offer. Concerns of lender fraud entered my mind.
- The market being what it is, my seller decided to entertain this offer with a counteroffer, and subsequently accepted counteroffer #2. That happened nine days ago.
The reason I say wonders never cease is because ten days later escrow on this property was finally opened; after numerous phone calls and messages that went unanswered and promises that weren't kept.
- On day eleven I called the title company for a copy of the check and deposit receipt.
- Guess what......no money!
Are you surprised? I'm not. I think after the strange start we had, this is just to be more of the same. My expectations for this sale aren't too great. In fact, if it all comes together I will be surprised. Luckily I have a seller who is willing to give this a few weeks to see if it will really happen.
We have shortened up the contingency removal time periods to a total of 15 days, but with the professionalism I have witnessed to date I have my doubts about anything happening in a timely fashion. So what are the chances?
So the question at this time is, "Do wonders ever cease, or not"? What are the odds?
Linda - this is the kind of thing that we all need to be aware of. In this market, there are some pretty creative things going on out there. Some good, some bad, but don't give up on the wonders...they never cease. Great post, thanks for sharing.