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re: Backing out of Purchase Agreement

Posted on 5/27/15 at 9:37 am to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37303 posts
Posted on 5/27/15 at 9:37 am to
They gave you notice within 10 days, right? The notice was in improper form. But notice was given all the same. And when the phone call ended with your realtor, the next thing the realtor should have done is go on to the MLS, remove the
"pending" tag, and immediately contact all of the other agents who made appointments for their clients but cancelled because of the pending.

Certainly, you can sue. But would a judge find that the simple act of not putting it in writing would be worthy of damages?

To me, the problem isn't the buyer... it's the buyer's agent and your agent.

Do what you gotta do, but just remember about karma. If the house is a great house that priced right, another buyer will be on the way shortly.
This post was edited on 5/27/15 at 9:38 am
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 5/27/15 at 9:45 am to
quote:

To me, the problem isn't the buyer... it's the buyer's agent and your agent



My thinking as well.

I think the first conversation you need to have is with your agent and detremine why he/she didn't continue trying to sell the house in those 10 days. Deals fall through all the time. If it's that pressing an issue to sell, perhaps firing the agent and finding someone else that will better represent your interests.

It is odd you haven't been able to see the inspection report, but I'd suspect there's nothing on it and the potential buyers just got cold feet and are using the A/C as an excuse, like you said. shite happens.

Ultimately, you're right to be pissed, but I think the anger should be directed at your agent.
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