Can't we talk? My buyers will be very upset...

By
Real Estate Agent with Jameson Sotheby's International Realty

After negotiating hard, really hard, my sellers decided to accept what they considered a low offer.  It was lower than they'd hoped, but they just wanted to be "done with it", and get it over with.  They had moved out of the home, and were now living out of state supporting two households while we were listed.

Clearly the buyers didn't see the value we felt.

After completing their inspection... the buyers decided to add a radon inspection... (adds 48 hours) We came out clean. .. then they decided to add a termite inspection (took two visits and another 48-hour delay.. no termites).  Meanwhile my clients were trimming their fingernails with their incisors.

Finally receiving the inspection results... the buyers were looking for an additional $50,000 in credits and repairs.

The camel's back fractured.  My sellers instructed me to tell the buyers to "Go and love themselves" (to quote Justin Bieber).  We sent off a letter to the buyer's agent, and let them know, slightly more politely than my buyers wanted us to, that we were officially cancelling the contract.

We got a frantic voicemail, email and text from the buyer's agent asking "Can't we discuss this?... the buyers will be very upset!".

No... the time to discuss it is over.  The SELLERs are very upset, and they've decided to put the property back on the market and see if they can find someone who appreciates the property that they've poured their hearts, souls and money into.

Next.

Posted by

 ALAN MAY, Realtor®   
Specializing in Evanston Real Estate and North Shore Real Estate

Jameson Sotheby's International Realty, 2934 Central Street, Evanston, IL 60201
Office: 847.869.7300      Cell: 847.924.3313      Email: Almay@aol.com

Evanston Real Estate & North Shore Real Estate
Licensed in Illinois

   

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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Alan- what is it they say?  Pigs get fat and hogs get slaughtered! Not that the buyers are hogs...

Nov 14, 2019 06:19 PM #1
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Sometimes enough is enough.  Radon inspections here are common, along with termite checks, but they're usually scheduled overlapping with the main home inspection so we don't drag things out.  So to go low AND ask for $50k in repairs?  Some buyer mistakes a vacant home for sellers they can walk all over.

Nov 14, 2019 08:26 PM #2
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Alan. Kudos to your sellers for saying "enough is enough"! Buyers upset? They were the problem! Enjoy your day!

Nov 15, 2019 05:08 AM #3
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Oh, baby. "The Case Of The Agent Who Can't Control Their Clients"

You walked through the house. It's not a new home. You got a smokin' deal, you then push the envelope to rape and murder the sellers, and YOU'RE upset?

Bummer, snowflakes. Now you can start over. 

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let's make it a triple . . .

Nov 15, 2019 05:25 AM #4
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Alan. I guess there does come a point in time, when it is done.

Nov 15, 2019 06:27 AM #5
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Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I had one similar to that this week. Seller told Buyer to pound salt. Without another word, Buyer signed Seller's Resolution (that gave them NOTHING) and we proceeded. Too often I'm seeing this as new agents with no supervision . . . just my two cents.

Nov 16, 2019 08:07 AM #6
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Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

You saw the red flags when those buyers added on those two extra inspections!  All inspections should be discussed before setting up the appointments!  $50K? I feel for that buyers' agent..surely not what h/she thought was fair negotiation. Hope you got it under contract again fast!

Nov 16, 2019 08:56 AM #7
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Charita Cadenhead
eXp Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Alan this sounds exactly like a situation my cousin has been dealing with in Detroit.  She's a Keller Williams agent there.  It could be that the buyers will come back with the sense the second time around.

Nov 16, 2019 09:56 AM #8
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