Tuesday, August 12, 2008

Such a Soap Opera!!

I never imagined buying a house could be such a soap opera! Holy Cow! Here are the facts about the last few days. We put in a nice, reasonable offer on Sunday around 4:30pm. The listing agent called our agent to yell at her that the offer was unacceptable. Our agent told her to submit it and make a counter. It became quickly apparent that the listing agent was NOT going to even show it to the seller. Our agent contacted the broker of the other agent and yesterday, the broker herself submitted it. Very soon afterward, our agent got a call from the listing agent saying that the seller will NOT counter and in addition if we decide to resubmit another offer... then we'd have to up our Earnest money to $2000, have a signed letter saying we're approved from our lender, waive the right for an inspection, termite bond, 15 days due diligence period, and all other concessions we asked for. This was really unreasonable. The house is 22 years old and is built from cedar and cypress. How could anyone in their right mind want to purchase the house without an inspection or termite bond? Because this listing agent had already proven that she would break the rules... I smelled something fishy about it all and just outright called the owner herself. It came as no big surprise... the owner NEVER said any of that and had no clue what I was talking about or why her agent would say all that. She had no problem with making a counter but had left it up to her agent. So, as of this morning we are submitting another offer where we have upped our price. I told the owner to expect the offer. I imagine she will get back to us almost immediately. So, we may know in just a few short hours. By the way, I'm expecting the listing agent to go on a war path about this but I haven't done anything illegal......... so there.

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