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No contingencies on their part! When I was selling, I accepted an offer. Right before closing they notifed me that the sale of their home had fallen through - and I pointed out that there was no contingency on our sale. They actually tried to get me to sign an amended contract, adding the contingency of their home selling and realtor’s fees for a realtor I’d never met or spoken to.
I presume they did not use a realtor for the original contract, but only after seeing their goof went out an got realtor involved for the amended contract attempt?
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Okay my home-buying support group here are some facts. Two years ago (October 2007) I put an offer on what I guess would be called a large townhouse. (attached to one other unit, NOT part of a community - big plus what attracted me in the first place). Offered 45K less than listed - got scolded by the seller who subsequently decided he'd rather rent it out then sell it to me (or the proverbial "taking his ball and going home").
It has been listed again from time to time but never a drop in sales price...until now. Just listed $10K below what i offered back then - I suppose he doesn't want to carry two homes into the end of the tax year.
I'm stuck in that place where I really want it - but I really want to stick it to the seller. I guess I need to be somewhere in the middle but which way should I lean?