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Sellers just told us they can't afford to close two days out

so we're supposed to close friday and today the sellers called saying they dont have the closing money and want us to cover it. um no. they accepted our offer over a month ago and its only 5 grand short. how does this even happen this late? we already gave notice on our rental

12 Answers

Is a $66k price cut after 40 days normal or just my realtor rushing me?

My realtor wants to drop our price from 576k to 510k right out of the gate since a few comps nearby just listed at that number, but we havent made a single price change yet in 40 days on market. Is jumping straight to a 66k cut normal pricing strategy, or does that just sound like shes trying to rush us into selling?

9 Answers

Is it a problem if two buyer's agents get double-booked for a showing?

Im listing my own house and acting as the selling agent, so all the showing requests come through a scheduling app instead of getting routed through another agent. I noticed two different buyers agents ended up booked for the same exact time slot and I didnt catch it until they were both standing on the porch. Im not sure if that was just a normal mix up on the app or something I shouldve caught and flagged ahead of time. Should I be giving agents a heads up when I notice double bookings like that, or is this something buyers agents just deal with regularly?

8 Answers

What are our odds of mortgage approval with mid-600s credit and some recently paid-off collections?

My partner and I are applying for our first home loan together, both with credit scores in the 600 to 650 range and a combined income well over six figures. I had a few small collections, under $500 total, that got paid off, and we've got about $27k saved for a down payment. Trying to get a realistic sense of how much our past credit hiccups might still work against us.

10 Answers

Do we have any recourse against the sellers for a hidden foundation problem?

We bought our house back in April and everything seemed fine until I was doing yard work and decided to pull out an old mulch bed on the side of the house. Once I got under there and into the crawlspace I found the sill plates were basically gone in some spots and the foundation had shifted more than it should have. The sellers checked no on the disclosure for any foundation issues, but they had replaced the water lines, electrical, and HVAC ducting under that exact spot, which feels like more than a coincidence. The mulch was piled up 4 to 6 inches with nothing underneath it, like it was put there on purpose. Is there any argument that they intentionally covered this up, or are we just out of luck at this point?

8 Answers

How can I accurately gauge the 'vibe' of a neighborhood before making an offer?

We’ve found a few houses we like, but we are worried about what it is actually like to live on those specific streets day-to-day. We have tried driving by at different times of the week, but we want to know if there are other effective ways to check for things like noise levels, neighborly atmosphere, or local traffic patterns. What are some common strategies for vetting a community beyond just looking at the house itself?

9 Answers

How does the earnest money process work for online real estate auctions compared to traditional sales?

I am considering participating in an online auction for a property, but the rules for the deposit seem much stricter than a standard residential purchase agreement. The site mentions a non-refundable buyer's premium and a very short window to wire the remaining funds if I win the bid. I want to understand the timeline for these payments and what happens to my deposit if the title search reveals issues.

7 Answers

How can I buy a HUD home for 0 down?

I am looking for a 1 bedroom. How can I find HUD homes?

4 Answers

Where can I get a loan

I own my home outright and my credit score is 540. I need to borrow 20000

7 Answers

Can I negotiate for the seller to pay my closing costs in the current market?

My partner and I are first-time homebuyers and we have enough saved for a down payment, but the closing costs are higher than we anticipated. We are looking at homes in a slightly less competitive area and wonder if it is still common to ask for a seller concession. We want to know how to structure this request in our initial offer so it doesn't make our bid look too weak compared to other potential buyers. Is it better to offer the full asking price while asking for the credit, or should we try to negotiate both the price and the closing help?

6 Answers