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Time-line Terms of a Contract...Use Them!

By
Real Estate Agent with San Luis Obispo Realtor & ecoBroker with Patterson Realty

Time-line Terms of a Contract...Use Them!

I'm working on a deal where the terms are contingent on the buyer selling their home. Now I know these are not the most ideal terms but if a seller is willing to work with this offer, let's put it together. These seller are willing. The sellers agent has been dragging the offer after counter offer after counter offer, for over 2 weeks now. We have a 3 day response window on the counter offers and the seller agent has yet to meet any of them. Instead of a prompt in under 3 day response, I get a phone call or an email saying something like. "My sellers don't like the (fill in the blank) terms on page 3... Blah, Blah, Blah! Ok... so write it up and send it to me. Let's get this deal moving forward not sideways.

My buyers understand that this is a tough deal to make happen, but the Sellers agent is dragging us along and making the process more like pulling teeth. The buyers also know there are 3 day windows in place in the contract and that they can walk because they aren't getting a response. It's not making me look good to them, because I'm not getting a response form the sellers.  Grrr..

My post toady is to be aware that even in tough contingent offers if the buyers a re serious , please don't be loose on time frames they are in the contract of a reason and buyers ask when they will be getting a response, they understand that they can walk and they will if it drags on. I'm going to put the hammer down and we may have to walk away from this offer, simply because the agent won't put something together... Baffling!

 

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