I mean they are asking for new things that weren't even in the home when I bought it three years ago!?!?! We've given them almost everything they want, and they still want more! I don't want to pay for them to get all these new improvements when I lived without them for three years. This is just ridiculous! We're closing on a new home the same day we're due to close on our current home - and we won't able to if our sale doesn't go through. So it's either give in to all their stupid demands are the deal falls through and I lose my $1,000 deposit on the new home. I don't know what to do.
2007-07-16 02:29:51 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
We are going through the same thing. We sold our house (11 years old) to a family for their son to live in while he is in college. We are buying a new construction home in a better part of town. The home inspector inspected the house (we are selling) and said everything looks great. So imagine my surprise when the people sent a list of demands to my realtor asking for things I feel they should be responsible for...like changing their own locks. They specifically asked that we change the locks prior to moving. They also asked that the handsprayer on our sink be replaced with a more stylish one, and that we fill all the nailholes and touch them up with paint before leaving. We are very picky about our house so the nail holes are very small and few. I just think it is stupid to ask for so much. If they want everything brandnew, they should buy new construction. BUT my husband says we should just do it so we can get out of this house.
At some point, you just have to say no. You are going to have to make improvements to your new home, so you can't invest all your money making vanity improvements to the home you are selling. If they are necessary or inexpensive, I would make them. If they are cosmetic and expensive, I don't know that I would. Good luck!
2007-07-16 08:43:06 · answer #1 · answered by Anonymous · 1⤊ 0⤋
What is your Realtor saying?
Just say no. You don't give an indication of what these things are, but since you have said yes to everything so far, now they seem to be getting greedy.
They will lose their earnest money too if the deal doesn't go through, unless there is some contingencies about repairs to their satisfaction.
Some buyers think they can and should ask for the world, some co-worker tells them about all the repairs that got for free because every seller is desperate to sell, or the buyers think they are entitled to unlimited concessions, what have you. But at some point (and I think you are there) enough is enough.
2007-07-16 10:48:04 · answer #2 · answered by godged 7 · 1⤊ 1⤋
Give in to the little things that won't make a lot of difference, and stand firm on the big things. If you already have a contract, there is nothing that requires you to add more stuff to the house. Presumably they gave you an earnest money deposit on the house you're in too. If the contract falls through, and there's no clause for all this new stuff, you keep their earnest money.
As for your new house, I would presume you have a contingency that you can sell your current residence, which in effect would keep them from withholding your deposit. Or you could just push the closing back a couple of days on the new house.
2007-07-16 09:40:18 · answer #3 · answered by J P 4 · 2⤊ 3⤋
You would probably lose $1,000 or more if you met all the demands of the people who are currently interested in purchasing the home you are living in now. The Realtors must be having a field day with you. Do the math, and if you don't like the numbers you come up with, just say NO!!
2007-07-16 09:38:09 · answer #4 · answered by Mawia 7 · 1⤊ 3⤋
On the other hand, it is hard to call it "too picky" when a home is the biggest investment they'll ever make. They want to feel beyond good about it, for which I cannot blame them. I settled for just an okay house, letting the lousy realtor off the hook to an extent because I'm a nice guy, and I still regret it.
2007-07-16 09:38:39 · answer #5 · answered by Mr. Vincent Van Jessup 6 · 2⤊ 2⤋
At a certain point you just need to say "No". If it is small things that you should have done or updated to being with then okay...but enough is enough.
They obviously want the house...so give in to some things and then just put your foot down on the others. They are going to try to get you to do everything they can...its the way the game works.
2007-07-16 09:39:23 · answer #6 · answered by Macho Duck 5 · 1⤊ 3⤋
If their offer has been made and accepted they don't have a right to require changes. If they don't honor their contract they will lose their deposit. Refusing shouldn't make your deal fall through but hopefully their deposit is bigger than yours so you will profit some.
2007-07-16 09:39:42 · answer #7 · answered by shipwreck 7 · 1⤊ 2⤋
Look at your contract, if the repairs or upgrades are not in the contract you don't have to do any of it. And if they don't close you can keep their deposit. You are only obligated to do what you agreed to in the contract.
2007-07-16 11:02:44 · answer #8 · answered by surfbum68m 3 · 1⤊ 1⤋