That's great news! I'm really happy for you. I don't blame you for being wary of this seller (and their agent.) I 'm of the opinion that this should have been nipped in the bud a long time ago. There was a big breakdown in communication along the way, and the sellers were seeing dollar signs. It's a shame that you had to go through so much stress. I really hope the rest of the process goes more smoothly for you. But watch those guys like a hawk! Take care.
Hello again. There's some great advice here. I agree with Steve. Hold your agent accountable. I don't know Illinois conract law, but it sure sounds to me like you're getting the run around. You have never made any written attempt to cancel the contract, and therefor are still in first position. Just because the seller refuses your repair request does not mean the contract is cancelled. That is your decision as the buyer! Also, many people and agents don't take these timelines seriously, but the fact is that there are very important. One missed deadline can cost you the whole deal! Yikes! Keep us posted, sounds like we're all pulling for you. Good luck!
Any other words of wisdom you could give us would be appreciated.
I would like to thank you all for your wonderful advice and caring enough to respond!!
We live in the quad cities but the offer is on a Galesburg, Illinois home. The contract did read close to what you wrote. I think the position they are taking is because they did not agree to the repairs we requested that the contract is null and void when in fact they did not even respond to it. The next thing we know is they are telling us they have new offers. We then rescinded our requests . We of course will be talking to our realtor again today. Updates later. Thanks again for your helpful advice. I appreciate the feedback!
8. Inspections. Within seven (7) business days of acceptance of this Agreement, Buyer has the right to obtain any inspection(s) of the premises by licensed inspector(s) qualified in such matters, as checked below. If Buyer fails to obtain inspections within seven (7) business days, the inspection contingency shall be considered waived. Within three (3) business days of receipt of reports, Buyer must notify Seller in writing of any deficiency identified by such inspection(s) and request any additional inspections reasonably related to such deficiency. Within three (3) business days after receipt of request for additional inspections, the parties may, but are not required to, agree by amendment to terms and timetable for such additional inspection(s). Within three (3) business days of receipt of reports, Buyer must notify Seller in writing of any deficiency identified by such additional inspection. Within three (3) business days after the final notice of deficiencies, the parties may, but are not required to, agree by amendment to terms necessary to
remedy any deficiency revealed by any inspection. If terms of this amendment are not met, this Agreement shall become null and void and the Earnest Money shall be refunded to Buyer. The parties agree the following indicated inspections shall be made on the property: (NOTE:truncated here due to size)
Please note you DO have a timeline. If you are not working with a Quad cities Realtor your offer may have been different. If you recinded the request and sent them a new result of inspection stating that no repairs were requested and your accepted the condition of the property you should be ok. Pin down your agent on this immediately.
You should definetely still be under contract. And, you should not have had to withdraw your request for repairs. Once the written request was made, the seller has the option of meeting your request and making the repairs, or not. At that time you can decide if you want to withdraw your offer alltogether or stay with the purchase. Hopefully your agent (you do have one, don't you?) is protecting your interests. You are still in first position to purchase the home. Just because you made repair requests doesn't give the seller an out. Sure, they are free to accept back up offers in case you pull out. Also, there should be required time frames for communication during this phase of negotiation. Review the fine print in your contract and inspection request paperwork. And bring up your concerns to your agent. Hopefully the listing agent and sellers are not making up other imaginary offers in order to pressure you into cancelling your inspection requests. It sounds a little fishy to me. I hope it all works out okay for you. Best of luck!