We`re having a hard time getting the lender to close next week. With Labor Day approachingl the Lender has told me he would need an extension on closing for another 5 days. Not unreasonable, quite common, certain conditions haven`t been cleared. We call the sellers agent explain the situation giving the Seller advanced notice of what`s transpiring.
The agent who is a tad nervous, tells us, she`ll get right back to us! Two hours later the Sellers agent gives us a list of demand. Here they are as follows.
1- $1000 for the additional 5 days.
2- Seller to keep escrow deposit of $3500 if transaction doesn`t close in 5 days and deal is null and void!
3- Credit of $250 for repairs reneged.
4- Home Warranty taken off the table.
5- Seller to take pool equipment.
I start laughing out loud! I`m crying how insane these demands are all for an additional 5 days, that the Lender personally assured the Sellers agent this transaction is done!
Anway, we call the Buyer, the buyer starts to laugh, he tells me "Give him $500 for his troubles"..
We convey this message to the Sellers agent who states "OH, The Seller will me mad!" he wants to KILL the DEAL! I start asking the sellers agent. "Lets see, you`ll re- list the property on the MLS, it`s been on the market for 130 days as it is, so maybe it stays on the market an additional 120 days.
Where does that place the seller? She tells me, "The seller is very stubborn".. OK, I tell her "Do you job, take control and lets see this close, otherwise, I`m going to be selling my buyer a home, we`ll close in a few weeks and you`re property will still be NOWHERE!"
Amazing, how some sellers believe that Buyers in a market like this to cave into the demands of a lunatics who roam the world! Now the Sellers agent starts to stutter "BUT,BUT, BUT, this is MY HUSBANDS BEST FRIEND, I PROMISED HIM, I~LL GET THE BUYER TO AGREE!" Again, now sobbing with laughter, I ask "HOW you going do dat?" The BUYER is ready to run..
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