Hi Everyone. Well, after 15 years the RV-Dreams Community Forum is coming to an end. Since it began in August 2005, we've had 58 Million page views, 124,000 posts, and we've spent about $15,000 to keep this valuable resource for RVers free and open. But since we are now off the road and have settled down for the next chapter of our lives, we are taking the Forum down effective June 30, 2021. It has been a tough decision, but it is now time.


We want to thank all of our members for their participation and input over the years, and we want to especially thank those that have acted as Moderators for us during our amazing journey living and traveling in our RV and growing the RV-Dreams Family. We will be forever proud to have been founders of this Forum and to have been supported by such a wonderful community. Thank you all!!

Members Login
Username 
 
Password 
    Remember Me  
RV-Dreams.com Home -> RV-Dreams Community Forum -> We've Made The Decision To Full-time! Now What? -> Selling home question
Post Info TOPIC: Selling home question
cherylbrv


RV-Dreams Family Member

Status: Offline
Posts: 1248
Date:
Selling home question
Permalink  

Has anyone who has sold their house ever had a problem that it fell through before the closing date, and if so, for what reason?

My realtor is putting such fear and worry into me and filling me up with so much anxiety.  Almost every day she has another horror story to tell me.  Before the inspection she was worried about everything they would find.  After the inspection she was worried about how much they would ask for, despite the fact that we were mostly protected in the contract.  Today's latest is that some buyers will deliberately get themselves disqualified from getting a mortgage, so that they can turn around and buy another house, and oh- by the way - there's another house going on the market today which will be very stiff competition with yours!

Personally, I think she's pissed for several reasons: 1) between the time we signed the contract and before attorney review was complete, we got another offer.  It was the same price but the buyers were also her clients, so she wouldn't have had to share commission.  I didn't feel right just pulling the rug, even if it was within our right to do so; (2) she felt very strongly that we needed to apply for a tax abatement and made that part of the sales pitch.  We did that, but not knowing how long it would take, we refused to sign a contract with the tax attorney (who the realtor hired and gave a verbal to proceed).   A settlement was reached, but it won't be effective until next year, so we forwarded the info to our buyers -- they can accept the settlement and pay the lawyer fee next year (or else lose the tax reduction).  So realtor angry that she promised this attorney friend a fee that she's not getting and (3) she still wanted us to keep showing the house even while under contract.  Again, it just didn't seem like the right thing to do.

But now I worry; does she know something I don't?  All this time I've been excited and pleased that things were going so smoothly.  Is this the other shoe finally dropping and it's all going to fall apart like she's predicting?

So.. what are your experiences?



__________________

Cheryl B. in her new RV

(well, not new any more! Full timing since 6/25/14)

2008 DRV MS 36TKBS3 (the CoW: Castle on Wheels), 2005 Ford F550 hauler (the Bull)

My blog is http://mitcheryl-rv-journey.blogspot.com/

My business: www.AZAdminSolutions.com
BiggarView


RV-Dreams Family Member

Status: Offline
Posts: 1661
Date:
Permalink  

cherylbrv wrote:

... Today's latest is that some buyers will deliberately get themselves disqualified from getting a mortgage, so that they can turn around and buy another house...

So.. what are your experiences?

 On this particular point, only accepting offers that have a substantial earnest money deposit will discourage such buyers from doing exactly that. Earnest money is forfeit if they back out for any reason other than a select few legit reasons.

Brian



__________________

Brian, Cindi & Josie (our fur baby)
2017 RAM 3500 Laramie 4x4 CCLB, CTD, Aisin, B&W hitch, dually
2020 Keystone Montana Legacy 3813MS w/FBP ,MORryde 8k IS, Kodiak disc brakes, no solar  YET!
cherylbrv


RV-Dreams Family Member

Status: Offline
Posts: 1248
Date:
Permalink  

That was another point the realtor was quick to point out -- our buyers are putting down 10% whereas hers would have done 20%. But if they can't get a mortgage, they would get their deposit back anyway. But on the other hand (I'm an octopus), if they deliberately asked to be disqualified, wouldn't it be that much more difficult to get another mortgage? That just doesn't make sense.

__________________

Cheryl B. in her new RV

(well, not new any more! Full timing since 6/25/14)

2008 DRV MS 36TKBS3 (the CoW: Castle on Wheels), 2005 Ford F550 hauler (the Bull)

My blog is http://mitcheryl-rv-journey.blogspot.com/

My business: www.AZAdminSolutions.com
BiggarView


RV-Dreams Family Member

Status: Offline
Posts: 1661
Date:
Permalink  

While earnest money is part of a down payment the balance of which would be due at close, it can be be non-refundable if properly stipulated in the contract.  I don't think that requesting to be disqualified counts as a legit reason.



-- Edited by biggaRView on Thursday 1st of May 2014 03:28:06 PM

__________________

Brian, Cindi & Josie (our fur baby)
2017 RAM 3500 Laramie 4x4 CCLB, CTD, Aisin, B&W hitch, dually
2020 Keystone Montana Legacy 3813MS w/FBP ,MORryde 8k IS, Kodiak disc brakes, no solar  YET!
Lucky Mike


RV-Dreams Family Member

Status: Offline
Posts: 2950
Date:
Permalink  

HHHhhmmm.........ride the wave or your going to drive yourself crazy......your so close your looking for failure.

dont second guess yourself....or over extend yourself


right now my famous 3 words count.

Live , Breathe , Relax.......nothing else is really under your control

__________________

 1998 ...Harney Renegade DP  class A

rers1@mail.com

 

My Service dog and life partner " Nikki"......Klee Kia Miniature Husky....(she Runs the ship!!)

We are not lost in the Woods.....Just Extreme boondocking!!!!!!
BiggarView


RV-Dreams Family Member

Status: Offline
Posts: 1661
Date:
Permalink  

Lucky Mike wrote:

HHHhhmmm.........ride the wave or your going to drive yourself crazy......your so close your looking for failure.

dont second guess yourself....or over extend yourself


right now my famous 3 words count.

Live , Breathe , Relax.......nothing else is really under your control

 Remember, Mike, she isn't happy unless she's worrying about something.nobiggrin  Sorry Cherylsmile



__________________

Brian, Cindi & Josie (our fur baby)
2017 RAM 3500 Laramie 4x4 CCLB, CTD, Aisin, B&W hitch, dually
2020 Keystone Montana Legacy 3813MS w/FBP ,MORryde 8k IS, Kodiak disc brakes, no solar  YET!
cherylbrv


RV-Dreams Family Member

Status: Offline
Posts: 1248
Date:
Permalink  

Thanks, guys! You always come through for me and make me smile. I sure hope I can reciprocate some day!

__________________

Cheryl B. in her new RV

(well, not new any more! Full timing since 6/25/14)

2008 DRV MS 36TKBS3 (the CoW: Castle on Wheels), 2005 Ford F550 hauler (the Bull)

My blog is http://mitcheryl-rv-journey.blogspot.com/

My business: www.AZAdminSolutions.com
TRAILERKING


RV-Dreams Family Member

Status: Offline
Posts: 1509
Date:
Permalink  

Also don't give an impression that you desperate to sell or you'll be "Played".

__________________

My Dreams...............Her Nightmares.

 
BiggarView


RV-Dreams Family Member

Status: Offline
Posts: 1661
Date:
Permalink  

cherylbrv wrote:

Thanks, guys! You always come through for me and make me smile. I sure hope I can reciprocate some day!

 Our time will come, and I'm sure there will be a target painted on my back when the crazies get the better of me too (hopefully you'll be kindwink)



__________________

Brian, Cindi & Josie (our fur baby)
2017 RAM 3500 Laramie 4x4 CCLB, CTD, Aisin, B&W hitch, dually
2020 Keystone Montana Legacy 3813MS w/FBP ,MORryde 8k IS, Kodiak disc brakes, no solar  YET!
cherylbrv


RV-Dreams Family Member

Status: Offline
Posts: 1248
Date:
Permalink  

So far, it seems like it's been pretty straightforward. They made an offer, we accepted. Our lawyer and theirs fine tuned the terms of the contract which we all agreed on and signed. They had the home inspection and asked for certain things. There was only 1 thing on the list that we really need to take care of; the rest is cosmetic (agreed on in contract that we would only repair or credit structural or environmental issues) or covered under the homeowners warranty. Currently we're waiting to hear back on their agreement to that but I would anticipate the worst case here is that if not acceptable, they'd just insist we fix more and then we'll have to decide whether to or not. Still, not a situation where they can walk without losing their deposit.

I do think I am letting the realtor get the best of me. And you guys are right - none of this is in my control anyway and worrying isn't going to change anything.

__________________

Cheryl B. in her new RV

(well, not new any more! Full timing since 6/25/14)

2008 DRV MS 36TKBS3 (the CoW: Castle on Wheels), 2005 Ford F550 hauler (the Bull)

My blog is http://mitcheryl-rv-journey.blogspot.com/

My business: www.AZAdminSolutions.com
Bill and Jodee


RV-Dreams Family Member

Status: Offline
Posts: 334
Date:
Permalink  

Have never had lawyers involved in a real estate deal but it doesn't sound like they're the issue. Since you're under contract and the ball is in the buyers' court right now I wouldn't be taking any calls from the realtor. Let her stew in her own negative juices and you concentrate on packing and planning your first route biggrin.

Failure to get loan approved has been the only reason I've lost a contracted buyer - delayed the sale by 20 days and I got a higher price for the house.  So don't despair disbelief. 

This being a grown-up thing is sooooo overrated!

 

Jodee



__________________

Bill and Jodee Gravel Full-timers (June, 2015)

Tessa the Soft Coated Wheaten Terrier

2014 Thor Tuscany XTE 34ST

2007 Jeep Grand Cherokee 4x4

http://www.ontheroadabode.blogspot.com

 
WestWardHo


RV-Dreams Family Member

Status: Offline
Posts: 1627
Date:
Permalink  

Yes, we had a sale fall thru when we sold our home last year but we received another offer almost immediately. We were irritated at the time because the realtor stopped marketing and showing the home as soon as that second contract was signed. Our second buyer had loan issues and it took longer than it normal would to close so continuing to show the house and having a back up offer is a good thing in my opinion.

Not sure if your realtor is attempting to manage your expectations or being "Chicken Little" but either way it will all work out.

You'll be fine, Cheryl.

Sherry



__________________

I don't know where I'm going but I'm on my way. - Carl Segan

Our "Rolling Rest Home" 2013 Trilogy 3650RL dragged by a 2005 GMC Sierra 4x4 Diesel Dually -SOLD

2015 Casita Spirit Deluxe 17 on the way.

Kids: Paris (AKA Kitty)  & Sadie
cherylbrv


RV-Dreams Family Member

Status: Offline
Posts: 1248
Date:
Permalink  

Thank you all for being there for me yesterday. I HAVE RETURNED!!!! I have always believed that a positive attitude and positive thoughts can nudge (sometimes even push) the universe to a positive state (and I know many of you have experienced this first hand).

I strongly believe that my buyers are happily and excitedly preparing for their move to this wonderful town, and to this nice house on a great street, the same way that I am happily and excitedly preparing for buying my rig and starting a new life on the road. They want this to go through without a hitch as much as we do. So far they have done nothing to demonstrate otherwise, so why should I suddenly start to worry?

I think yesterday I just fell victim to some major negativity. It's so important to avoid those types of people at all costs. And I thank you all for helping me to remember that!

I love this "family" and can't wait to meet all of you in person some day  heart.gifheart.gifheart.gif



__________________

Cheryl B. in her new RV

(well, not new any more! Full timing since 6/25/14)

2008 DRV MS 36TKBS3 (the CoW: Castle on Wheels), 2005 Ford F550 hauler (the Bull)

My blog is http://mitcheryl-rv-journey.blogspot.com/

My business: www.AZAdminSolutions.com
Lonney Wade


RV-Dreams Family Member

Status: Offline
Posts: 194
Date:
Permalink  

Cheryl, I didn't know you left confuse.gif LOL !!!!
My wife is going through the same thing, she is going on 53, I call it going on the second stage of life, (this too will pass) if I can make it too,  LOL !!!


Lonney



__________________

Lonney & Angel and our fur kid a Sheltie (Wyatt)
2010 Chevy Silverado 2500 HD 4x4 Duramax    

2010 Keystone Everest 345S 37' 5th wheel
50 gal. Aux Fuel Tank

Rear 5000 pound Air Ride

25K Air Safe Hitch
Powerupdiesel tuner or EZTurner

  

 
Camper Chronicles


RV-Dreams Family Member

Status: Offline
Posts: 932
Date:
Permalink  

Cheryl I think you are doing the right thing. Karma is a big deal to me and when you give your word you should stick with it. It sounds like self-interest is driving her responses and what's in her best interest is not necessarily in yours.

__________________

 Trace 

Ford F350 Super Duty 4x2.  Open Range 386FLR

Follow our journey at www.camperchronicles.com

 
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
RV-Dreams.com Home -> RV-Dreams Community Forum -> We've Made The Decision To Full-time! Now What? -> Selling home question
Tweet this page Post to Digg Post to Del.icio.us