Selling home, buyer claims new issue at pre possession walk through, need opinions.

[Darkane]

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Lawyer got the money so it’s done.

Good. Done.

[pheoxs]

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Lawyer got the money so it’s done.

Congrats

[Mitsu3000gt]

We had a similar issue. Not a whole lot you can do as the buyer they hold all the cards (assuming you want to sell). We got extorted for $1000 for literally no reason the day before close, and our options were to give them $1000 or not sell the place. Super shitty thing to do but I think it's fairly common.

Same thing happened to my brother recently. Buyer agreed to everything then claimed the home needed a new roof at the last minute. Inspectors sided with my brother but it was obvious what the buyer was trying to do. My brother was moving provinces so he had to sell the house, and lost $5000 just like that (the discount the buyer demanded).

If all you have to do is replace a tap or two, just do those little things, you're getting off easy.

[dirtsniffer]

I don't understand how that could be the case of the conditions are waived

[Twin_Cam_Turbo]

Yeah I’m just happy it’s done, didn’t get the money today but not a big deal as I know the lawyer received it and paid out the mortgage. It’s been such a shitty week I’ll take just this one small “win” for now.

[TomcoPDR]

New car post from @Twin_Cam_Turbo on the horizon? Then @shakalaka will match within 48 hours?

[Twin_Cam_Turbo]

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New car post from @Twin_Cam_Turbo on the horizon? Then @shakalaka will match within 48 hours?

Hard no unfortunately.

[ThePenIsMightier]

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I don't understand how that could be the case of the conditions are waived

I fucked their dad and it caused a slight delay.
#FuckTheDads

[suntan]

Father’s day is coming up.

[adam c]

Father’s Day gonna be lit this year

[jwslam]

Don't you have to F the mom to become a father?

[ExtraSlow]

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Don't you have to F the mom to become a father?

[tirebob]

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We had a similar issue. Not a whole lot you can do as the buyer they hold all the cards (assuming you want to sell). We got extorted for $1000 for literally no reason the day before close, and our options were to give them $1000 or not sell the place. Super shitty thing to do but I think it's fairly common.

Same thing happened to my brother recently. Buyer agreed to everything then claimed the home needed a new roof at the last minute. Inspectors sided with my brother but it was obvious what the buyer was trying to do. My brother was moving provinces so he had to sell the house, and lost $5000 just like that (the discount the buyer demanded).

If all you have to do is replace a tap or two, just do those little things, you're getting off easy.

Fuck that... If all conditions were removed and signed off on, I would tell the fuckier to pound salt, keep his deposit and re-list again, whether I was in city or out of city. I wouldn't care if I had to use every penny of the guys deposit to deal with getting flights back and forth or to pay a lawyer to handle all the paperwork etc re-selling. I would rather just give the next person a discount on behalf of the first jerk off to get the place sold and make sure it didn't end up in the hands of someone who is trying to fuck me over.

Principle is worth money and aggravation for me. I hate those types of bastards!

[dirtsniffer]

Not only can you keep his deposit, you can sue him for additional selling expenses including the difference if you sell at a lower amount

[Darkane]

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Not only can you keep his deposit, you can sue him for additional selling expenses including the difference if you sell at a lower amount

Oh didn’t know that. I wonder how well it works in practice.

It’s never a bad idea to ask more deposit when dealing with the initial offer. It can separate the shitty people from the serious ones.

In this market, as a buyer - a big ‘ol deposit is a show of seriousness.

[killramos]

Yea I’m pretty sure my last deposit was more than most peoples down payments based on how popular high ratios mortgages seem to be.

No way I’d be walking away from that without lawyers involved.

[Twin_Cam_Turbo]

I actually got them to double the deposit from their original, on the realtors suggestion.

[J-D]

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Yea I’m pretty sure my last deposit was more than most peoples down payments based on how popular high ratios mortgages seem to be.

No way I’d be walking away from that without lawyers involved.

A few years ago I didn't waive conditions on a house (listing said concrete foundation but it was treated wood).. Then put in an offer on another place with a bigger than usual deposit (per realtors advice, competing offers), was still waiting for my first deposit back when I had to go get another bank draft. Fun times lol

[pheoxs]

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We had a similar issue. Not a whole lot you can do as the buyer they hold all the cards (assuming you want to sell). We got extorted for $1000 for literally no reason the day before close, and our options were to give them $1000 or not sell the place. Super shitty thing to do but I think it's fairly common.

Same thing happened to my brother recently. Buyer agreed to everything then claimed the home needed a new roof at the last minute. Inspectors sided with my brother but it was obvious what the buyer was trying to do. My brother was moving provinces so he had to sell the house, and lost $5000 just like that (the discount the buyer demanded).

If all you have to do is replace a tap or two, just do those little things, you're getting off easy.

Pretty sure your brother got fleeced by his realtor being inadequate. The conditions of the contract are clear and if the buyer does not take possession of the property they forfeit their deposit as well as are liable for any expenses accrued (realtor fees). Tell them to pound sand and if they want to lose the deposit go ahead.

This is also why you ensure the buyers leave a reasonably large deposit as part of the offer too. Don't let them get away with 5k deposit, they should have a sizeable chunk of their downpayment ready to put as a deposit.

[Disoblige]

It is not fairly common which is why you don't listen to anecdotal bullshit from Mr. Wall-of-Text.