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I Feel I've Been Left At The Altar | Hopefully I Find A Suitor Soon

By Kay Van Kampen

Real Estate Agent with RE/MAX Broker, RE/MAX 1999033519

January 15, 2012 10:33 AM

I Feel I've Been Left At The Altar | Hopefully I Find A Suitor Soon

After being courted for 3 months, being assured everything was going fine, the day of closing on a Springfield Missouri short sale, the buyer's decided not to close........yes, they got cold feet and didn't close. I feel like I've been left at the altar.

The home has 3 bedrooms and two baths, with an attached 2 car garage and detached workshop and covered patio.

Even the buyer's lender completed all the paperwork. All inspections were completed, with no repairs required....on a short sale the home is sold in AS IS condition anyway. Even the buyer's appraisal came in $15000 higher than the contract price.

A few days before closing, the buyers quit returning calls. The buyer's agent could not reach them. The lender could not make contact. Not a good sign.

Short sales are hard enough to get approved, but I've never had a buyer walk the day of closing on a Springfield Short Sale. Unfortunately, our MLS requires the home show "Pending Short Sale" which slows any other buyer from making an offer. I would rather pay the MLS penalty, than allow my sellers the chance of a backup offer.

I do believe my attorney will have a good time with this one. I feel I've been left at the altar, but hopefully I will find a new suitor soon, before the home goes to foreclosure.

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Peggy Hughes/pha logistix, inc.

pha logistix inc - San Francisco, CA

SF NYC LA

Kay.. so sorry for your loss. It must be so frustrating.

Jan 15, 2012 10:38 AM

Marcus Rice

Equity First Realty - Richmond, VA

Richmond, NOVA, Virginia Beach Area Realtor/Broker

I was left at the alter to christmas with a short sale of mine at Xmas. You will sell this house quick, don't aorry about it. You are an excellent agent. Go Giants.....

Sherry Scales

Austin Texas Homes, LLC - Leander, TX

Realtor, for Austin, TX and surrounding areas

I can't believe how a seller or buyer can back out last minute....I had a seller decide not to sell the day of closing...buyer had already signed and was en-route from another state with a loaded u-haul.....The things that make our jobs exciting.

Jan 15, 2012 10:40 AM

Fred Carver Real Estate Consulant

Retired BC Realtor - Victoria, BC

Accredited Real Estate Consultant

Hi Kay....Not all is as it seems. I had one last year, the seller was making misleading statements and the Buyer said I'm walking, The Seller agreed. In this case it worked out okay, I sold my Buyer another property.

Won't you like to send the Buyer a Bill for your time!

Jan 15, 2012 10:52 AM

Kay Van Kampen

RE/MAX Broker, RE/MAX - Springfield, MO

Realtor®, Springfield Mo Real Estate

Peggy, my seller is so upset. Waiting for months and having the buyer just walk away......no respect. What next?

Jan 15, 2012 11:37 AM

Thanks Markus, I'm sorry you had a buyer walk too. So frustrating.

Jan 15, 2012 11:38 AM

Sherry, I wonder if the buyers and sellers listen when we explain the contracts. Our contract states the seller can sue up to 10% of the sales price.....not easy to walk away from.

Jan 15, 2012 11:40 AM

Fred, I'd love to send the buyer a bill. Shame, only the seller gets to foot the bill....in this case, the bank. The buyer gets off scott free, unless I pay for the attorney fees, which I'm tempted to do.

Jan 15, 2012 11:42 AM

Jark Krysinski *PREC (Personal Real Estate Corporation)

REMAX CREST REALTY WESTSIDE - Vancouver, BC

TeamYVR Team Leader, BA,ABR,IRES,IMSD,LLB

Kay, I think you have heard about that wisedom " when God closes a leafed door for you, he can open another leaf of window surely for you". I am sorry for your loss, and I believe that everything is gonna be okay! Best wishes!

Jan 19, 2012 05:52 AM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

They certainly can say goodbye to their earnest money. I can't understand why you would walk away from such a good deal though, unless there was something else we just don't know going on in their life.

Jan 20, 2012 06:19 PM

Sharon Tara

Sharon Tara Transformations - Portsmouth, NH

Retired New Hampshire Home Stager

How frustrating! My house is currently on the market and I can't imagine how much this has hurt your seller.

Jan 25, 2012 11:51 AM

Gwynn Carpenter

Gwynn Teal Carpenter-Broker: Home and Hearth Realty (Austin) - Austin, TX

: Broker, Home & Hearth Realty (512)467-6191

Kay: O my.... I can't understand how a buyer can go through all the "pitfalls, waiting and frustrations" that a short sale has to offer only to walk away at closing. I feel for your sellers and hope they make the right choice as to how this one plays out. Good luck finding the PERFECT BUYER for this home.

Jan 29, 2012 12:20 PM

I Feel I've Been Left At The Altar | Hopefully I Find A Suitor Soon

I Feel I've Been Left At The Altar | Hopefully I Find A Suitor Soon

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