We recently made an offer on a home contingent upon ours selling. Well the contingency date was up yesterday with no sale. During that time we realized that we didn’t want to be that strapped down that much anyway. We also heard disturbing news about the neighborhood (a few Meth labs had been busted around there). It also needed exterior work as well. We loved the house though. So I called my realtor and told him that if they could come down in their price they still have a buyer. He basically said that they wont and will probably just totally pull away from our offer. Our realtor sounded kinda upset that we wanted to pull the deal with them..even though we are no longer under contract. Is it appropriate to offer less after your original contract is up? We are just looking out for our own well being and don’t want to get screwed ont he deal.
Our home has been on the market less time then the prospective home yet the realtor thought we should lower our price. Yet the others shouldn’t have to. He is a dual agent for all parties involved. I can’t understand why he wouldn’t try to get them to lower theirs since theirs isn’t getting any offers either.
We did our research before we made the offer. My husband was forced to take another job during this time which reduced our income. I stumbled upon the Meth lab info as well. I shouldn’t even know about it since it’s suppose to be a hush hush thing untill it is released by the authorities. I have some connection with the local law enforcement here otherwise I wouldn’t have known about it.