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Ambassador
3,185,357
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I was once representing buyers (this past year, in fact) and the sellers decided that they didn't want to sell their home - after the buyers paid for inspections and appraisal.  The attorney threatened suit of Specific Performance and the sellers paid for the buyers' costs of inspections, appraisal and attorney.  

That's the only time I've had to deal with any of that but, the attorney was fully in-charge of the situation and it went well for my buyers as they recouped all of their money AND wound up locating an even better property which they love...and are actually happy that the sellers did what they did on the original property!

Nov 22, 2016 03:41 PM
Rainmaker
4,869,353
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

in 38 years of very heavy production, I've never had to think about that ...not once...nor will you.... I really dislike the direction your introductory lessons are taking you .... it's RARE for any of that to happen.... 

Nov 22, 2016 01:58 AM
Rainmaker
2,763,575
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Frequent only if one does not know what they are doing and/or are not doing their jobs. I am with Barbara Todaro and Michael Jacobs - there is no reason for this to happen. 

Nov 22, 2016 04:48 PM
Rainmaker
3,240,942
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Follow the golden rule.

Always do the right thing.

Understand your craft.

Always be learning.

Accentuate the positive.

Nov 22, 2016 02:15 AM
Ambassador
3,914,467
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I don't think it's frequent at all! Well-trained, knowledgeable agents who do their job will likely not have any issues

Nov 22, 2016 02:08 AM
Ambassador
2,188,625
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I have had a few cases of liquated damages...that was just the earnest money involved and it went to the sellers. Funny...it was the same sellers both times. They actually made a bit of money while having their house listed for sale. 

Nov 22, 2016 04:46 PM
Rainmaker
4,796,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

not all that frequent, but it happens.

Nov 22, 2016 04:36 PM
Rainmaker
1,521,521
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Never have dealt with it.

Nov 22, 2016 12:32 PM
Rainmaker
2,895,002
Richard Weeks
Dallas, TX
REALTOR®, Broker

Very seldom.  Usually the buyer terminates and the seller just keeps the earnest money.

Nov 22, 2016 11:51 AM
Ambassador
4,055,464
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Very infrequent, especially is we are doing our job right.

Nov 22, 2016 03:21 AM
Rainmaker
2,974,333
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't deal with any issues of damages... when damages are involved it's a legal issue dealt with by lawyers.

Nov 22, 2016 03:09 AM
Rainmaker
3,167,411
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Monetary and liquidated damages are seldom used. With growing interest in mediation and binding arbitration to resolve disputes, not big issues.

Specific performance is mush the same. It can be expensive and time consuming.

Only had one specific performance action in over 45 years of brokerage and 40 years of law. It involved a multifamily property! 

Nov 22, 2016 02:59 AM
Rainmaker
680,409
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

It's frequent to threaten the third one . . .

Nov 22, 2016 02:47 AM
Rainmaker
1,366,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno No, not at all.

Nov 22, 2016 02:28 AM
Ambassador
1,611,684
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

None for me.

Nov 22, 2016 01:42 AM
Ambassador
2,344,389
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Not frequent.

Nov 22, 2016 01:41 AM
Rainmaker
4,431,983
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Nov 23, 2016 08:56 AM
Rainer
1,015
driveway apron
Driveway apron - New York, NY
A driveway apron is a phrase that refers to the ar

A driveway apron is a phrase that refers to the area, which lies between your driveway and your curb. Most Long Islanders love driveways aprons from driveway apron because they offer them a personal design for their curbs and driveways. This is an inviting feature to guests arriving at your home, and it makes your property look much more beautiful.

Nov 23, 2016 01:28 AM
Ambassador
4,298,246
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

abby tiscareno - I have not seen them frequently. I'd say, it is rare.

Nov 22, 2016 10:52 PM
Ambassador
3,673,447
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Not if you do your job competently. 

Nov 22, 2016 09:05 PM
Ambassador
3,981,944
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It is not a frequest problem because most people take contractual obligations seriously.

Nov 22, 2016 06:32 PM
Rainmaker
2,424,079
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Not at all...being hands-on, dilligent and customer serving prevents much

Nov 22, 2016 01:22 PM
Rainmaker
5,264,096
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Stay out of trouble and you will not have any worries.

Nov 22, 2016 12:59 PM
Rainmaker
1,157,264
FN LN
Toronto, ON

A good question to ask legal counsel for the relevant jurisdiction.

Nov 22, 2016 03:04 AM
Rainmaker
984,364
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Those agents with these problems do not last long. Often lose their licence.

Nov 22, 2016 02:16 AM