Seller wants to change my contract??? - Posted by Kristy-AZ
Posted by Kristy-AZ on June 26, 2003 at 21:53:44:
I had a seler call me who has a house he wants to sell. Told me he had 3 other investors look at it and he would take the best offer.
OK, ours wasn’t the best offer, but it was real cash, I showed him proof of our funds(which he could easily call the bank and verify) Plus he liked me and knew we were not newbies. He tried to get us to come up on our offer, I told him "nope, can’t do it, this is our best and final price"
He asked us to fax over a contract so he could show it to his attorney to make sure he was protected. I had no probelm with that. Our contract is basically the same as the contract we use for Realtors, except all the Realtor stuff is taken out.
Now, we put a deadline of 5PM today to have the offer accepted. He called me this afternoon saying he has gone over the contract with is attorney and wants to make some revisions. I haven’t seen the revisions yet, as he only left me a message. It is now 7:30PM, so the time for acceptance has passed.
Now, I am not even sure if this guy is really showing this contract to an attorney or to his RE Agent who is helping him find a new house. The contract is pretty simple:
We are putting up $1,000 Earnest Money
Paying all cash and closing when he wants which is approx 30 days. We are buying the house AS-IS, with no repairs required or requested. We have asked for an inspection, no appraisal, no mortgage fees, no commmissions, all closing costs split normal etc.
What could he possibly be wanting to change?? He knows we won’t go up on the price. And we won’t pay any additional closing costs. He says he’s not desperate to sell, he’s not behind in payments, he just doesn’t want to have to go through the hassle of listing with a Realtor, dealing with all the Realtor BS and possibly having to make repairs.
How do I tactfully ask him who his attorney is? And can I contact that attorney? By the way, we DO NOT need attorneys to close or do RE transactions here. Title Companies handle the closings. I also disclosed in the contract that I am also a RE Agent.
If we get this house, fine, if we don’t, no big deal, but, having to wait on him, wondering what changes and why is driving me crazy! I am holding off on making offers on other properties till I know if we will be getting his house or not.