Best of Luck!
If you have anymore home buying / selling questions in the future, please feel free to contact me. I pride myself on being professional, knowledgeable, and working with integrity.
If you actually wind up seeing this post, please feel free to give me a "Best Answer". I'd appreciate it :)
Sometimes, agents make a fatal mistake of representing their interests instead of the interests of the seller. Make a new offer that stipulate an independent escrow company and spell it out on an addendum as the listing agent must present all offers to the seller. The seller will usually tell the agent to pound sand when they are selling the home. However, if this is a short sale, the escrow company may have already performed work on this property getting the short sale approved.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
If you are concerned it is best to speak with a real estate attorney. You can also have your agent ask his/her broker, and possibly pursue a claim after the close of escrow.
Best of luck,
Rachel LaMar, J.D.
LaMar Real Estate
You can counter back and state you want your escrow company. $3 per/ $1000 is high, most charge $2/ $1000. I am curious if his seller's know you are being bullied. The sale is between the buyer and the seller. Agents need to check their egos at the door.
You may even have a ethics complaint with the Ca. board. Counter their counter and see what happens. Talk with your agent, see what their opinion is.
One of the negotiating tools that I use is: If you DEMAND that we use your escrow and it is non-negotiable, then fine. We will use your escrow company. But YOU pay all of the escrow costs. This will limit your liability in case "unusual" or "extra" fees come up in the process, which USUALLY happens in these types of cases.
The other option is to send a notice of withdrawl of offer and clearly state why it is that you are withdrawing your offer, and ask that the notice of withdrawl be signed by the seller. I would be willing to be that unless the seller is releated or a very good friend of the agent/escrow company owner, they don't know that she/he is making these demands and potentially costing them an offer on the home.
Contact a real estate attorney in your area and ask about the legality of what is going on, and/or call the local real estate board.
Best of luck with the situation. Keep us updated.
It's more than real estate. It's RAYL-Estate!
Keller Williams Elite - Dallas, TX
You DO have the right as the buyer to NOT be forced to be Title insurance through whomever the seller wants you to use. You can buy your own Title insurance anywhere.
Good luck with your purchase.
Realtor Since 1996
Main Street Realtors