We`ve dealing with a buyer who has been looking for an angle not to close. They`ve been giving us hints for the past three weeks.
Words like "Bad Karma, Commitment, and Detached" have been told to us!
We`ve explained, we have an "Executed Contract" and a "Mortgage Commitment". We`ve also explained if they prefer to "Walk" it`s perfectly OK, except they`ll loose the escrow deposit.
The Buyer refuses to believe they`ll lose the escrow and true to form made good on their word and refused to close!
We expressed our deepest regrets to the Listing Agent, sent our Buyer an email suggesting they hire an attorney to resolve the issue. The buyer feels it`s our responsibility to "Fight for the escrow".
As a Realtor our job is to advise a client in a professional manner. If a client refuses to understand the truth where do we as Realtors draw the line?
It`s impossible to tell a person about an "Executed Contract" when they refuse to read what they signed. No matter how many times we go over a contract or even an offer, if a Buyer decides not to close the ramifications which transpire are who`s responsibility?
Back to the buyer, they called yesterday asking us to once again retrieve their deposit. I asked the buyer a simple question" What are the exact reasons you don`t want to move forward?"
The buyer was puzzled. "I don`t have any they responded".
That`s the problem "When you play sometimes you pay!"....
We`ve explained, we have an "Executed Contract" and a "Mortgage Commitment". We`ve also explained if they prefer to "Walk" it`s perfectly OK, except they`ll loose the escrow deposit.
The Buyer refuses to believe they`ll lose the escrow and true to form made good on their word and refused to close!
We expressed our deepest regrets to the Listing Agent, sent our Buyer an email suggesting they hire an attorney to resolve the issue. The buyer feels it`s our responsibility to "Fight for the escrow".
As a Realtor our job is to advise a client in a professional manner. If a client refuses to understand the truth where do we as Realtors draw the line?
It`s impossible to tell a person about an "Executed Contract" when they refuse to read what they signed. No matter how many times we go over a contract or even an offer, if a Buyer decides not to close the ramifications which transpire are who`s responsibility?
Back to the buyer, they called yesterday asking us to once again retrieve their deposit. I asked the buyer a simple question" What are the exact reasons you don`t want to move forward?"
The buyer was puzzled. "I don`t have any they responded".
That`s the problem "When you play sometimes you pay!"....
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