Just wanted to rant. Our buyers came back on inspection and asked for $12,000 credit and when we asked why their listing agent told ours that nothing came up on the inspection that would cost that but that they bought this house keeping in mind they wanted to update the kitchen at some point so they want $12,000 off of a $400,000 house (which fyi did get fully upgraded a year ago but I get everyone has different tastes). They had negotiated the price down $30k in the first place. We said we’re unwilling to provide funds for renovation but would be happy to negotiate any repairs that need to be done, and they sent over a cancellation.
I’m so discouraged.
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Rightfully so, that’s beyond insanity. Trying to milk you for extra $$ to renovate a perfectly working kitchen is insane, especially after lowering the price by $30k.
Rates are starting to fall, areas might thaw out a bit.
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I doubt they were planning to renovate anything and only wanted the credit to reduce their closing costs.
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The buyer had second thoughts at some point and wanted out, they planned on using something in the inspection to get out, there wasn’t anything there, so they threw out this stupid demand and used that to cancel the contract, then they get their earnest money back.
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I lost a buyer for the same reason. Inspection came back with nothing. The buyer wanted to re-do a bathroom. Brought a contractor during the inspection, then asked for the money to re-do it. I said no. They got a good price and I added furniture.
This guy then goes to the HOA and talks sh*t about me not making repairs. I got a full price offer 3 weeks later. New buyer is much nicer too. Not that my neighbors deserve it.
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This is encouraging to hear you got a full price offer! Were they weary about it being your second time on market? That’s what I’m scared of
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Your best bet is a buyer who is under contract to sell their current house. They need to get the deal done.
Some other other buyers, especially investors, never intend to pay the price they offer, they just ask for more and more concessions hoping you are desperate. Good for you for not playing their game.
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Well, you only need one transaction to go through. Don’t be discouraged. If you’re in a situation where you don’t need to sell urgently then just wait until the right buyer comes along.
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Some buyers are just betting that you want to sell so bad you will just give in. I am glad you did not. I can’t stand people like that. Now they are out the costs of the inspection.
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Unfortunately this kinda thing kinda fucks the seller, I had it happen to me and I wound up getting about 15k less. The most and best offers seem to come initially if your priced right. Someone ties up your home, fucks that up and typically you’re going to get less following that as people question why the deal fell through, a lotof people move on after their initial offer isn’t accepted, your not in a position of power coming back to someone you turned down, etc.