Okay I wanted to share with you a story about a greedy seller – its actually the 2nd part to the

Craigslist – We Buy Houses Ads – A Cragislist Success Story.

So we put this Maryland house under contract and decided that we were going to close in 20 days. We wired the money 95k into the title company because that was the contract price agreed upon.

Now went through rough negotiations with this seller and our final contract they agreed to pay for the closing cost.  It was an inherited property and about 7 brothers and sisters was to benefit from this transaction.  Normally when we buy houses in Maryland we pay all closing cost etc and fees but they wanted to pay closing cost in-order to get us to give a higher offer on the house.

We get to closing and the sellers didn’t like the net amount that they are suppose to receive after closing. It seems they told their brothers and sisters that they would get X amount of dollars each, seems they actually mis-calulated the closing cost wrong and thought it would be less.

 

Well they signed every document but the hud statement and they left closing.  So later that day I called to see what the problem was.  Now each family member was going to get about 13k according to them.  Their bottom line at closing was $90,194.00, also in the contract they stated that all taxes was paid which it wasn’t.  The taxes wasn’t a big deal because it just came out of their bottom line, but also it would have given them more money in the end.  The sellers thought they was going to get around 92k, but because when we buy houses we try to make a win win situation.

 

We agreed to give $700 more towards their net balance so they would be happier, so we wired the money into the title company. Next thing I know they calling me saying they want to do the deal over and want us to pay closing cost.  We don’t’ do deals over – we are at closing as we promised like in all of our deals, all the money is there plus and extra $700 we agreed to give them.  All that is left is to sign the hud statement and its a done deal.

 

Well they was willing to throw the deal away over less then $1000.  I understood that each member thought they was getting a certain amount, but they have to remember their home was sitting on the market for months without any interested cash buyers.  We said we would buy thier maryland home and we did.

 

THEY SIGNED THE PAPERS AND WE BROUGHT THE HOUSE – The bottom line is sellers don’t be greedy and mess up good deal over pennies.

 

HOUSEBUYING NETWORK creates win win situations and every closing is not going to be smoothie but we try to make everyone walk about from each deal happy.    301-660-3buy

 

Filed under: cash home buyersReasons to Sell Your Home yourselfsell my home mdwe buy houses in marylandwe buy houses in Virginawe buy houses md

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