Friday, June 7, 2024

Buyer just backed out of our deal

 Question:  Our home was on the market for 4 days when we accepted an offer on our home. The buyer for our home backed out the day before the inspection. We hired a realtor to make sure these things did not happen. Should I fire my agent?

 Answer: So let me get this straight…. Your realtor sold your home in 4 days, and you want to fire him because he did not predict the future to know your buyer would back out? Apparently, your attorney couldn’t predict the future either.      You are talking senselessly out of frustration.

As with all business transactions, nothing is firm. There are contingencies, inspections, title reports, lousy lenders and buyer emotions involved. Although most deals go through, not all of them do. It’s unfortunate that it happened to you.

If your home sold quickly the first time, your realtor is doing his job. Your aggravation is causing you to put blame on the wrong people.

Speak to your attorney about keeping the Earnest money as compensation for breach of contract. You hired them for legal assistance.

I am going to predict that your home will sell rather quickly, because it sold fast the first time. You must have a very marketable home. Congratulations to you for that!

Remember:

“Life can only be understood backwards; but it must be lived forwards.”

Get your home back on the market and move forward to your closing.

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