I just love contract Re-Negotiators

By
Real Estate Agent with Hileman Real Estate, Inc. MREC# 528882

Don't just love it when a buyer wants to re-negotiate after they are under contract?  First off, I am working with a customer who purchased one of my bank owned listings this summer (Good News), and now he decided to by two more (Great News).  He negotiated the deal of a lifetime on these other two units, with Seller closing assistance, financing and a fantastic price, much lower then he got on his 1st purchase. He wanted to put settlement off till end of year, but that was the only term the bank didn't agree to.

Now that he is under contract on both units and his private bank is asking him to put up a little more cash, he wants the seller/bank to extend his terms (as he originally offered), or wants them to lend him the money.  And oh, he also wanted the seller to let him stay the night in one of their units when he comes to the beach to do the home inspection, because his unit is rented!  Then, he asks if the bank will increase the contract price and seller assistance to keep the property values up.  Are you kidding me?  I'm not sure what to make of this guy, but he is a great negotiator for sure. 

I guess I will have to wait to see if I can keep this one together long enough to make it to the table.

Posted by

When you are ready to begin your home search in the Ocean City, MD area, feel free to call Sharon A. Curtiss, Associate Broker/Sales Manager with Hileman Real Estate, Inc. at c/p: 410-726-4260 or Office: 410-208-9200.

You can also visit my website at www.oc4shore.com to view other Buyer and Seller reports. I will happy to provide you with a free list of foreclosure properties in the area.

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Rainmaker
373,237
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL

I wish you luck with the transaction and hope you are able to hold it together until it closes. Have a great week ahead.

Aug 20, 2012 08:16 AM #1
Rainmaker
545,141
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Even more crazy when the seller wants to renegotiate a contract when they realize they miscalculated the proceeds and want more...  We do get some winners... 

Aug 20, 2012 08:16 AM #2
Rainmaker
89,210
Kalene Bagwell
Realty Executives Of Kansas City - Blue Springs, MO
Realtor - Selling Blue Springs - Kansas City Metro

Sharon,  very interesting negotiating indeed.  Best wishes with this one!

Aug 20, 2012 08:25 AM #3
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Rainmaker
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Sharon Curtiss

Search for Ocean City Maryland Area Homes for Sale
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