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No Closing and Buyers are In
Okay, it happened.  In a previous post, I asked for help in convincing a seller NOT to allow the buyer in before closing on her Sarasota Florida home and I want to thank you all for your comments.
Do you think the Seller listened?  Instead, she not only let them in her garage, but allowed them to put their things inside the house.  I documented everything and sent her in writing my stance on the matter.
Here's what happened.  Day of closing, the buyer walked.  Since all contingencies were met including a loan commitment, he released the $30,000 escrow deposit and requested that the entire amount be paid directly to the Seller.  I agreed, even though there was a 50/50 split in the listing agreement.  We renegotiated the agreement so that the Seller extended her listing with me for an additional 6 months.  The reason the buyer walked, was that the buyer for HIS house walked.  BIG MESS.  So now the guy is out $30,000.
The Seller, although happy with the $30,000 is extremely agitated over this whole thing.  Oh yeah, I even saved her $5000 on her property insurance by recommended a different insurer.  Why so agitated?
It took 4 days for the buyer ... more

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