I am the buyers agent...LP was $224,332...Cash offer: $190,000...2 days after makng offer buyers and I go by property- field services is drivng out - with copper pipes!! Water drippng in basement from pipes ripped out. LA comes back with: Change offer to $187,000-compensate $3000 for pipes. (Estimate included; police report filed with BOA) Appraiser from out of town (hour away) appraises the house at
$225,000 - LA and myself have included comps that reflect the property needs work (roof, bath, floors)and the exact same house completely (roof, bath,floors, kitchen) redone sold for $221,000 less than a month ago.Another sale nearby was $187,000. LA again sends in comps, police report, estimate to repair pipes;negotiator counters with $205,000- buyers say $193,000 BUT want $3000 back at closng for pipe repairs (as agreed).Negotiator tells LA he'll have to speak to manager but we never hear from him again. Now -Friday aftenoon LA says the filed is "denied" and closed. (Suprise!)
Buyers can close tomorrow but will not go higher than that since the house needs so much work-HELP!!
Advice??!!
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B of A like all the others would greatly benefit if they would hire Realtors to negotiate! We know the docs and how this works:)
Re-submit an entirely new package. Dump that negotiator and stop fighting them. Request to close, then tell LA to re-submit. You might try the Escalation contacts below..good luck.
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