The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Selling: more of a rant than anything||Date: 3/21/2013 7:21 PM|
|Author: JAFO31||Number: 124971 of 127886|
VTAlumni: "Adding more fuel to the fire... my wife was at our local grocery store this weekend and overheard another Realtor on the phone with her client as she was picking out fruit. She only got a short part of the convo, but it was
"Look we need to move fast if we want to snag this property. Lets just put and offer in a little above asking and wave the contingencies. That'll take the place off the market through the weekend. We'll have three days to back out by claiming HOA docs."
I guess this is a common practice these days. :\ "
I am still at a loss as to how a contract with no contingencies has an HOA docs. back-out?
Any chance you can post the relevant contract language; I am curious.
Also seems to me that unless the HOA docs. backout is a statutory requirement, once could simple insist that HOA docs. be reviewed first, and there be no HOA backout.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|