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Old 08-07-07, 11:31 PM   #1
cohophysh
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just plain pissed..venting

Well, we had our house sold, found a rental in the town where i work and were one day from closing when the buyers backed out. One of the issues was the septic system, which I am having an up to date one installed at MY expense. This was going to make life a lot easier....f*($k, back to the long commutes
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Old 08-07-07, 11:34 PM   #2
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Well, we had our house sold, found a rental in the town where i work and were one day from closing when the buyers backed out. One of the issues was the septic system, which I am having an up to date one installed at MY expense. This was going to make life a lot easier....f*($k, back to the long commutes
Given the state of the mortgage market, you might run across this again too.
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Old 08-07-07, 11:38 PM   #3
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We have decided after this experience to just stay put! BTW you are up late!
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Old 08-07-07, 11:57 PM   #4
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Yep, I'm getting ready to try to sleep some, but don't hold much hope.

MAJOR headache.
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Old 08-08-07, 08:28 AM   #5
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Did you at least keep their earnest money? That ought to help with the septic system!
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Old 08-08-07, 08:45 AM   #6
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Man that sucks big time! Buying and selling a house is very stressful.

We just went through sorta the same. I was scarred to death the buyers were going to back out because our water(well) didn't pass the first two tests. After I treated it a third time it finally passed. It was a HUGE relief!! Later I found out that the people would not have backed out anyway because.... in their words, they "HAD TO HAVE THAT HOUSE". It was a young couple that had been looking for a nice house they could afford for a year and a half. They looked at ours the day it went on the market and they signed a contract on it the same day. Everything went pretty smooth after that except stressing about the well water.

We actually closed on the old house and on our new house the same day. The old one at 10AM ....and the new one at 2PM. It all just fell into place perfectly.
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Old 08-08-07, 12:41 PM   #7
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Well, we had our house sold, found a rental in the town where i work and were one day from closing when the buyers backed out. One of the issues was the septic system, which I am having an up to date one installed at MY expense. This was going to make life a lot easier....f*($k, back to the long commutes
And here I thought that an offer to purchase is a legally binding agreement. In a country run by lawyers you think that they could have come up with a form for a small thing like house buying.....

When you offer to buy, you sign on the dotted line that come hell or high water you will buy the house pending the sellers' agreement. If the seller (you) agrees to their offer, the house is sold. There is NO backing out after the offer is signed.

Hmmm again with the lawyers - sue them? (the buyers who backed out that is?)
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Old 08-08-07, 01:16 PM   #8
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I don't know about anywhere else but in Oklahoma you can sue for performance of a real estate contract. I've done it.
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Old 08-08-07, 07:12 PM   #9
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Thanks, it has been rather stressful, I had the septic designer come out and quote a price 15K...15K...Holy s*%t, you gotta be kidding....
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