Wha?
Why did they back out? Can they do that at this point? Should we all gather up our pitchforks and track them down and force them to buy your house?
That totally sucks!!
oh my gosh, weren’t you guys close to signing? Can they do it that late if your are?? We had a person back out of selling their house (when we moved here) and I was miffed, because we had to live in our camper for 2 months- but I can NOT imagine backing out as a buyer… unless something crazy happened (terminal illness, hubby went to iraq or orders, ect. we had togo over that kind of thing.) Did they tell you why?????
Crossing fingers, toes, and everything else. I feel naughty words on the horizon.
Oh, I feel for you. WE found out when we went to closing (last week) that our seller never had the legal authority to sell the property. How do things like this happen… good luck.
It was an inspection issue. There were conflicting opinions on what needed to be done, and even though we were willing to fix it, she decided she wanted something with less maintenance (read: NEWER).
At least you weren’t a week from closing and almost gave notice to your apartment that you’d be moving when your seller had a mental breakdown (while you were on vacation!).
After we made an offer on our house, we found out that it was actually under contract to the buyers from heck, who would not go away even though their option had expired and they weren’t closing. (The joys of “For Sale By Owner”.) The first buyers actually filed a lien on the property! I had to sue them to make them go away. That was actually kind of fun, but only for me. The sellers had gray hair from dealing with those awful first buyers. We were good buyers and closed on time after the first buyers took their illegal lien off the house when they realized I was serious about suing their pants off.
Anyway. I hope you find new buyers soon and they come through for you.
This just happened to us too - our buyers backed out and then we had new buyers in two weeks who gave us more money and less work to do. So there’s hope! Of course, we haven’t closed yet so we still have our fingers crossed. Here’s crossing them for you too!
oh, man! if it’s any consolation, one of my friends waited four months to find out whether or not they were going to get the house they had put offers in on… buyer finally accepted, they began the move (cleared out of old place, but hadn’t moved into new one yet), and within two weeks, my friend had an unexpected c-section, gave birth to a sick baby, her dad died, and the house went into foreclosure. they are now in limbo land.
guess that’s not much consolation, just a very sad story. hope everything works out! move your house to southern california and we’ll buy it tomorrow!
I can totally relate to the ulcer inducing stress.
We started building a house in May 2002. The contractor walked off the job that October, put a lien on, and then sued us for money we didn’t owe him. We also had a foster daughter that ended up in residential psyche treatement for 15 months, starting the week the guy walked. Turns out there were major structural deficiencies and UBC code violations, the walls were literally falling away from the house. We lived in our large 2 car garage for 2.5 years, while trying to finish the house and getting new contractors. We paid 10.5% interest rates until October of 2007 because we couldn’t get a long-term mortgage, which the principle amount is now at least 75% larger than the original amount, because of his lien. Finally in July 2007, we got a final judgment and the guy owed us $150,000 in damages (we were ultra conservative in our claims and only sued him for half of our actual damages). He filed bankruptcy. We can’t even sell the house until we can come up with the additional $20-30K necessary for engineers etc… Oh, and to crown it all, this guy is the president of our state’s Home Building Association and spread rumors about town that we had cheated him out of a house.
If the buyers just backed out with no valid reason, may their next home be infested with all sorts of creepy crawlies including roaches, ants, termites and larder beetles, and very bad smells of mysterious and indeterminate origin.
[…] So that’s my June. I had to just sit down and crank out this post out because the inertia of my dwindling contributions to this blog was beginning to grind things to a perma-halt. Though it seems my enthusiasm for this whole shindig is minimal, I really do want to keep trying. Plus, the Wiz got HOSED this week and it seemed like the least I could do. Ok, Wiz have a DP and take a break for a day or two. […]
Wha?
Comment #1 by fluffychickyJune 23rd, 2008 at 3:48 pmWhy did they back out? Can they do that at this point? Should we all gather up our pitchforks and track them down and force them to buy your house?
That totally sucks!!
Were you under contract to the point where they would lose their earnest money? I hope you got something for your pain.
Comment #2 by AbbyJune 23rd, 2008 at 3:52 pmThat’s terrible Wiz! All of us who have ever been on the real estate hamster wheel feel your pain. Hugs & ice cream to you.
Comment #3 by Pmom @ Chocolate and GarlicJune 23rd, 2008 at 4:00 pmSo sorry.
Here’s a little bit of hope: we live in a house that we purchased shortly after the first buyer backed out. Hope the next round works out.
Comment #4 by ResearcherJune 23rd, 2008 at 4:17 pmSelling a house is so tough! There’s nothing like the rollercoaster of expectation and rejection, is there?
Hope it gets sold soon!
http://honey-mommy.blogspot.com
Comment #5 by Honey MommyJune 23rd, 2008 at 4:58 pmGrr! So sorry.
Comment #6 by Mrs MJune 23rd, 2008 at 5:07 pmoh my gosh, weren’t you guys close to signing? Can they do it that late if your are?? We had a person back out of selling their house (when we moved here) and I was miffed, because we had to live in our camper for 2 months- but I can NOT imagine backing out as a buyer… unless something crazy happened (terminal illness, hubby went to iraq or orders, ect. we had togo over that kind of thing.) Did they tell you why?????
Crossing fingers, toes, and everything else. I feel naughty words on the horizon.
Comment #7 by MelJune 23rd, 2008 at 5:13 pmOh, I feel for you. WE found out when we went to closing (last week) that our seller never had the legal authority to sell the property. How do things like this happen… good luck.
Comment #8 by KateJune 23rd, 2008 at 5:19 pmIt was an inspection issue. There were conflicting opinions on what needed to be done, and even though we were willing to fix it, she decided she wanted something with less maintenance (read: NEWER).
Comment #9 by The WizJune 23rd, 2008 at 5:26 pmAt least you weren’t a week from closing and almost gave notice to your apartment that you’d be moving when your seller had a mental breakdown (while you were on vacation!).
Comment #10 by SallyGirlJune 23rd, 2008 at 6:31 pmThat totally sucks. Time for a SERIOUS pity party…
Comment #11 by AndiJune 23rd, 2008 at 7:13 pmThat’s awful! I am so sorry.
After we made an offer on our house, we found out that it was actually under contract to the buyers from heck, who would not go away even though their option had expired and they weren’t closing. (The joys of “For Sale By Owner”.) The first buyers actually filed a lien on the property! I had to sue them to make them go away. That was actually kind of fun, but only for me. The sellers had gray hair from dealing with those awful first buyers. We were good buyers and closed on time after the first buyers took their illegal lien off the house when they realized I was serious about suing their pants off.
Anyway. I hope you find new buyers soon and they come through for you.
Comment #12 by MelindaJune 23rd, 2008 at 7:27 pmThis just happened to us too - our buyers backed out and then we had new buyers in two weeks who gave us more money and less work to do. So there’s hope! Of course, we haven’t closed yet so we still have our fingers crossed. Here’s crossing them for you too!
Comment #13 by vernJune 23rd, 2008 at 8:12 pmCondolences and best wishes.
Comment #14 by EdjeJune 23rd, 2008 at 8:40 pmI’m selling my house too and I think I would probably lose my mind if someone backed out on us! That truly sucks!
Comment #15 by sciencegeekJune 23rd, 2008 at 9:39 pmOh CRAP. I know that nauseated, I’m getting an ulcer feeling. GACK.
I’m so sorry.
Comment #16 by SueJune 23rd, 2008 at 10:20 pmIf I still had my Medford, MA connections I could have an offer made to them that they couldn’t refuse . . .
Comment #17 by RayJune 23rd, 2008 at 10:26 pmNooooooooo! Not fair! No, no, no. (My kids seem pretty convinced these phrases bring change to yucky reality. I thought I’d give it a shot.)
I am so sorry. I hope they lost their earnest money.
Comment #18 by JamiJune 24th, 2008 at 12:13 amThat sucks. I swear the only thing more stressful than buying a house is trying to sell one!
Comment #19 by Susan MJune 24th, 2008 at 9:14 amStupid buyer that didn’t buy. Seriously, that is awful! I’m so sorry.
Comment #20 by cherylJune 24th, 2008 at 1:31 pmoh, man!
if it’s any consolation, one of my friends waited four months to find out whether or not they were going to get the house they had put offers in on… buyer finally accepted, they began the move (cleared out of old place, but hadn’t moved into new one yet), and within two weeks, my friend had an unexpected c-section, gave birth to a sick baby, her dad died, and the house went into foreclosure. they are now in limbo land.
guess that’s not much consolation, just a very sad story. hope everything works out! move your house to southern california and we’ll buy it tomorrow!
Comment #21 by makakonaJune 24th, 2008 at 2:07 pmI can totally relate to the ulcer inducing stress.
We started building a house in May 2002. The contractor walked off the job that October, put a lien on, and then sued us for money we didn’t owe him. We also had a foster daughter that ended up in residential psyche treatement for 15 months, starting the week the guy walked. Turns out there were major structural deficiencies and UBC code violations, the walls were literally falling away from the house. We lived in our large 2 car garage for 2.5 years, while trying to finish the house and getting new contractors. We paid 10.5% interest rates until October of 2007 because we couldn’t get a long-term mortgage, which the principle amount is now at least 75% larger than the original amount, because of his lien. Finally in July 2007, we got a final judgment and the guy owed us $150,000 in damages (we were ultra conservative in our claims and only sued him for half of our actual damages). He filed bankruptcy. We can’t even sell the house until we can come up with the additional $20-30K necessary for engineers etc… Oh, and to crown it all, this guy is the president of our state’s Home Building Association and spread rumors about town that we had cheated him out of a house.
If the buyers just backed out with no valid reason, may their next home be infested with all sorts of creepy crawlies including roaches, ants, termites and larder beetles, and very bad smells of mysterious and indeterminate origin.
Comment #22 by JulieLynJune 25th, 2008 at 8:56 am[…] So that’s my June. I had to just sit down and crank out this post out because the inertia of my dwindling contributions to this blog was beginning to grind things to a perma-halt. Though it seems my enthusiasm for this whole shindig is minimal, I really do want to keep trying. Plus, the Wiz got HOSED this week and it seemed like the least I could do. Ok, Wiz have a DP and take a break for a day or two. […]
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