The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Selling: more of a rant than anything||Date: 3/4/2013 1:16 PM|
|Author: Dwdonhoff||Number: 124931 of 127886|
I had this happen selling in NJ. You think the place is sold and stop showing it. Then the buyer cancels and want to renegotiate. I think its a negotiating tactic.
I may be naive, as I'm not old enough to have lived through a market I'd want to sell into (I was late to the home accumulation game, and I've retained all the homes I've purchased to date,) HOWEVER...
Why stop showing a home prior to any particular offerror's contingencies clearing, and earnest money going hard? It ain't a deal until the check clears, but there ain't even a commitment until the earnest money is "earnest."
When we're showing rentals, we keep showing & taking apps until we have an applicant who's moved in. We take diligence/credit-check/app-fee checks with each rental app, but only cash the 1st keeping the rest on standby in order of arrival priority.
If/when I sell, I plan on doing the same.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|