After all this time, having two close dates and everything ironed out, the sellers accepted a new contract and we're left standing here going what the heck happened? 187 days WASTED!
Been the buyers in a short sale since Jan. 11th. And we're getting down to the end of it. We got an extension on the close from last month and we were supposed to close on the 27th-11 days from now. 6 months wasted into this and we messed it all up! We asked the sellers to fill the porpane tank so we could get a full inspection done, we even said when the sale closes, we would pay back half. So guess what they did? They got a new offer and accepted it over the weekend and we're screwed! 6 months gone and wasted and wow do we feel stupid and taken advantage of! The new buyer gets to step right in and take over without having to wait for anything. The approval is all done, they just get to do nothing and they get the house we have dreamed about since Jan.
It's so unfair and I am so hating everyone involved! All we wanted was a little bit of help because of all the bad stuff the sellers did, they were eating up all our cash. All we wanted was them to put propane in we were going to pay them back even and this is what we get???? So not fair!
SHORT SALES SUCK!
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Oh, if the investor declined the offer then I see why they can "move on"
What do you mean "without a contract?" did you have a signed purchase contract? If so, the selling agent and seller are bound by the terms of that contract and so are you. My point is, they just can't take another offer because they FEEL like it or because you asked for assistance paying gas.
$275,000 with $25,000 worth of updates and repairs still leaves you with $25,000 in equity, maybe more after you make the repairs.
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