Page 1
Page 1
Started By
Message
locked post

Homebuying Option Fees

Posted on 9/16/13 at 9:18 am
Posted by tigers444
Member since Jun 2009
3083 posts
Posted on 9/16/13 at 9:18 am
I'm hoping you guys can help as this was my first home buying process so I probably don't know all the terminology that goes with it.

Here's the situation...I was under contract on this property and I paid the first option fee to keep it under contract. We had some issues and filed an extension with an additional $50 fee. Well, communication sucked with the other agent and she wasn't getting the information we needed to continue on in a timely manner. So, my realtor advised me to void the contract because she didn't see the process improving. I decided to void the contract prior to the extension going into effect.

Can the seller still cash the extension check if the contract was voided prior to it being in effect? I know it's only $50 but they left a bad taste in my mouth and I don't want to give them anymore than I have to.

Thanks for any help.
Posted by TthomasJR
Houston, TX
Member since Sep 2006
17274 posts
Posted on 9/16/13 at 3:22 pm to
Pretty sure they can go ahead and cash it. We bought in December, and our seller even wanted more for the option to make sure we didn't back out.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram