I had an accepted offer on a home, with a seller's concession. Now the sellers come back and say that they
have been advised by their attorney (seller's agent is relaying this information) to not accept the offer with the sellers concession..I have even offered to pay for the apprasial out of my own pocket to ensure that the house would appraise before I had it inspected, still they said no seller's concession. I would need the seller's concession to close...Even offered half the of original concession, and was still turned down. Can someone please explain to me why or how this is done.....It just does not seem right to me.
The main reason I can see is if they (the sellers/listing agent/lawyer) do not think it will appraise high enough to cover the whole offer. This might be the reason,unless the offer is not high enough to cover expenses and they want to back out.
If you worked with an agent (who was working as a buyer's agent), did they do a buyer's cma for you to make sure values were adequate to cover the offer and concession?
Unless you see the whole picture its hard to know the circumstances. Feel free to send me more information if you like.....janice.doty@randrealty.com
Doesn't make sense, Feel free to call me with specifics. 845-656-2527.
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