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re: Backing out of Purchase Agreement

Posted on 5/27/15 at 9:32 pm to
Posted by blueboxer1119
Baton Rouge
Member since May 2013
8090 posts
Posted on 5/27/15 at 9:32 pm to
quote:

The way I read the OP, I got the impression that he was pissed at the reason they broke the contract, and was using the oral vs written notification as a way to get back at them.


Somebody gets it.

Contract was broken due to 10 year old, perfectly functioning AC. I offered to replace the entire thing. No dice.

You tell me who's not acting in good faith?
Posted by LNCHBOX
70448
Member since Jun 2009
84535 posts
Posted on 5/27/15 at 9:44 pm to
quote:

Somebody gets it.


We all get it. You're an a-hole looking to make a quick buck on a technicality. Don't act like our brains can't process what's happening here.

quote:

Contract was broken due to 10 year old, perfectly functioning AC. I offered to replace the entire thing. No dice.


Completely irrelevant. You were notified within the proper time frame. It wouldn't surprise me if your realtor was notified by the other in writing and you just didn't get it, or if your realtor told theirs that the writing wouldn't be necessary.
quote:

You tell me who's not acting in good faith?

There is nothing good about what you've decided to do. You're either going to force someone into buying a house they don't want, or you're going to try to get as much as $30kfrkm them for your "inconvenience."
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37322 posts
Posted on 5/27/15 at 9:52 pm to
quote:

Contract was broken due to 10 year old, perfectly functioning AC. I offered to replace the entire thing. No dice.


We get it. You're, excuse my language, butt-hurt over this deal and have decided you are going to show them who's got the bigger sack.

You say you are an investor, so I get you are trying to wring every dollar out of this deal that you can. But you are showing an awful lot of emotion to be a investor. Plus, you are using an agent (apparently not a very good one) so that makes me question your "investor" cred even more.

So I'll say this.

1) If I were the buyer, I'd take the free letter your brother attorney would write me, and tell you to pound sand.

2) If you DID decide to actually take me to court, you better damn well make sure that you have every t crossed and every i dotted. That includes making sure a written recission was not actually made and just not forwarded to you.

3) Since you are an "investor" the judge is going to raise the burden of proof, to make sure you are not trying to screw the little guy.

4) Remember about karma. This stuff comes around. One day you'll be buying from a much larger investor... do you want him to take you to the cleaners?

5) I would also consider just blowing up my financing, and taking advantage of that out clause. Oh, and I'd probably blow it up a day before closing. Oops.

The simple fact is the 10 day period for getting out of the contract because of an inspection, basically gives the buyer a 10 day look. We can say that's a good or bad thing, but it's reality. Someone who is an "investor" should know that.
Posted by TigerBite
Dallas
Member since Feb 2004
2541 posts
Posted on 5/27/15 at 11:19 pm to
quote:

Somebody gets it.

Contract was broken due to 10 year old, perfectly functioning AC. I offered to replace the entire thing. No dice.

You tell me who's not acting in good faith?


And somebody doesn't get it. You obviously offered to replace the A/C because you know you're getting a hell of a deal. That's what has you upset. You were ripping someone off and they realized it. It's not an indictment on you that you were asking a ridiculous price and got it, but it's an indictment on you that you are trying to hold someone hostage that got emotional and found you out. They're clearly not investors. They're normal people (probably 1st time home buyers) who made a mistake. Call it what you want, but you are the one looking for a technicality.

I think you said you couldn't discuss the other reasons how this would impair you and you also said you wouldn't update everyone (under some ridiculous guise that some people on this board couldn't take it) on the outcome...obviously because you are now embarrassed by your own actions, as you should be.

You're pissed off. We get it. I get it. But move on. Life is too short. For some reason the old Shawshank Redemption quote pops in my head "get busy living or get busy dying"...
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13962 posts
Posted on 5/28/15 at 7:59 am to
I honestly think people like you are what is wrong with this country.
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