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Author: artemis021 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127697  
Subject: Poll: seller backed out: push realtor to pay ins Date: 12/13/2013 4:55 PM
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I was in a contract to buy a house. My realtor send them a list of things I wanted repaired. They sent me back a list saying they would only do A,B, and C. We countered with do X, Y and Z.

The contract was set to "automatically terminated" at 5 p.m. the next day if there was no agreement on the repairs. At 3:30 that day, my realtor got a request for an extension of 24 hours. I (digitally) signed it.
The next day, again at around 3:30, they sent another request for an extension. My realtor was in a meeting and did not send me this until after 5 p.m. But the contract had automatically terminated.

Before we had signed anything to revive the contract, the sellers said they were only going to repair A,B, and C (not changing their original offer). Then they said they weren't going to sell.

My contract says I'm liable to pay for the $500 in inspections I had done on the house, even if it was the sellers backed out. I don't think this is fair.

The owners say they won't reimburse me. My real estate agent's company said they won't either.

I don't think I can go after the owners, because of the contract terms. It also specifically says my agent isn't responsible either. I'm tempted to take action against my realtor, based on how bad the contract was for me, their client, and the fact that it terminated with a pending request for extension and they didn't get it to me in time.

Should I threaten my real estate company with formal action if they continue to refuse to reimburse me the cost of the inspections?

They've already said they won't pay, but there are avenues: BBB, Attorney General's Office, Real Estate Commission, small claims court, social media.

(If you voted yes, and the threats fail, which method(s) should I use to try to get the money?)

Maybe this wasn't the best issue for a poll...
No
Yes

Click here to see results so far.

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