Frustrated with real estate and venting

[Superduper]

........With that said... unless you stand to gain financially from fighting them, it is simply not worth it for the aggravation, frustration and consumption of Roll Aids that will ensue. File a complaint with the proper folks and move on......

Not always 100% true. Every home is unique and preferrably is a good or great deal, but even if it was just at market value, if it was a perfect fit, you may not find another one that is perfect for your situation. A case for specific performance puts the current deal on hold and a lis pendens will be recorded on the sale. In short, the property will have a cloud on title and for all practical purposes is unsalable until the issue is resolved. This can take much time and the current buyers may not have the stomach to fight for it, and the sellers may not have the stomach to fight against it if the current buyer drops out. This will be the hardball way of dealing with the situation. Whether you pursue it will depend upon how difficult you believe it will be to find another one that is right for you.

 

[CurlyDave]

...This will be the hardball way of dealing with the situation. Whether you pursue it will depend upon how difficult you believe it will be to find another one that is right for you.

IMHO this would be the worst mistake of your life.

The current buyers already live next door.

If you beat them legally you will have an enemy for a neighbor going in.

It is bad enough when a feud develops between neighbors, but starting out with a known cause for one is enough to make that property undesirable right from the start. Similarly, even if the current buyer drops out for other reasons, do you really want to live next to them?

 

[Superduper]

...This will be the hardball way of dealing with the situation. Whether you pursue it will depend upon how difficult you believe it will be to find another one that is right for you.

IMHO this would be the worst mistake of your life.

The current buyers already live next door.

If you beat them legally you will have an enemy for a neighbor going in.

It is bad enough when a feud develops between neighbors, but starting out with a known cause for one is enough to make that property undesirable right from the start. Similarly, even if the current buyer drops out for other reasons, do you really want to live next to them?

All great and valid points. Please note that my post was not a specific suggestion to the original poster, but rather was a response to another post wherein I offered that it's not always the perfect solution to abandon a buying effort simply because there was no financial benefit. It all depends upon how perfect a house is for that individual buyer and how much they want it. I sincerely believe that paying a small premium or expending extra effort is worth the cost to acquire the perfect house rather than to take the easy path and buy something that is less than perfect for that individual. Again, this was not a specific suggestion to the original poster to pursue litigation in his case and I apologize if it was interpreted that way.

 

[AlanB]

Ultra runner pretty much hit the nail on the head.

I should have probably countered right away with accepting their terms, but an inspection period after, but that would have been another counteroffer as well.

It seems it can really get endless.

I think what he did was legal, just not very moral, or what I would consider "good business".

I thought about suing to prove a point, but in reality, nothing will change for them, and I would be out some money and aggravated as all get out, the best thing I can probably do is look for something else and move on.

(Of course I asked my freind who is a close aquaintance with the guy that backed out for the name of his real estate attorney, because the other guy backed out on the deal, said I would probably have to sue to get results.....)

Somehow I suspect he has heard about that by now...

 

[Highbeam]

Failure to perform is what they call it here in WA, you could sue on those grounds. It is easy to unbuy a house through some financing or inspection addendum but not easy to unsell a house. I tried to unsell my house when the home I was buying fell through, the buyers of my home wouldn't accept me unselling my house and forced me out. Failure to perform, he agreed to the offer until Saturday.

 

[scott_vt]

Afternoon Alan,
Sorry to hear about all the aggravation you just endured ! I have to agree that what this seller did was not morally right, but the bottom line is he did it and I think you would be best to move on. As Dave mentioned, to pursue this legally is probablly a frivolous waste of money and time ! Im for getting your agent back out there looking on your behalf, to find what you want. Heck, maybe the next deal wont have a torn pool liner

 

[Podunkadunk]

...This will be the hardball way of dealing with the situation. Whether you pursue it will depend upon how difficult you believe it will be to find another one that is right for you.

IMHO this would be the worst mistake of your life.

The current buyers already live next door.

If you beat them legally you will have an enemy for a neighbor going in.

It is bad enough when a feud develops between neighbors, but starting out with a known cause for one is enough to make that property undesirable right from the start. Similarly, even if the current buyer drops out for other reasons, do you really want to live next to them?

There's some wisdom here. CurlyDave is right. I don't think it was meant to be and you definitely don't want to live next to the people you ousted from their "friends" home. Talk about friction!

 

[MossRoad]

...you definitely don't want to live next to the people you ousted from their "friends" home. Talk about friction!

But it's O.K. to live next to the people that outbid you on that house.

 

[AlanB]

Funny you should mention that Moss as there is another house, just came up on the market, just down the street, and low and behold,,,, Same agent..

My only hope is that they have the first house on a contingency of selling the second,,, it would just tear me up inside if the whole stinking mess fell through on them... (well, maybe not )

Then one more little positive thought The sellers agent changed the MLS listing making herself a dual agent after they had countered our first offer....

Apparently the MLS folks and the realtor board (or some such stuff) frown on that type of action. I guess that is what allows the sellers agent to negotiate commision. I am not sure I really follow it all, but anyway, the Seller now has to pay the selling agent and broker full commision on both halves of the sale instead of the discount that they apparently (the sellers agent said they did) negotiated.

While I realize that they can balance the money out some other ways, I kind of hope it leaves a bad taste in the seller's mouth when they are done.

Our house and land hunt continues... Darn I hate it.