In regards to the buyer walking away because of this, that is rather strange, and almost certainly they would have walked no matter what you would have done. They probably had multiple offers in as it is a sellers market so some buyers are staring to panic and put offers in on anything they can.
I'm sure you will have another buyer soon enough, and hopefully at a better price than you agreed the first time.
Best of Luck.
Your agent advised you right, YOU should be the one choosing the services. In this low inventory market, again any buyer who walks for such a thing is NOT very serious!
Best of Luck to You!!!!
Kawain Payne, Realtor
Prudential California Realty
From what I read, it's typical in CA for the seller to dictate who the buyer uses? Wouldn't the buyer want to use their own company, purchase title insurance from their selected provider, etc?
I don't think I've ever suggested that a seller counter with a different settlement attorney of office except for a few instances when the buyer's were using out of the area offices.
Your agent can put notes on the MLS that either identifies the escrow co. specifically or that the seller will choose escrow & title.
Frankly, if the buyer walked over an escrow company, he/she was not all that serious about the proeprty! I haven't heard of that one!
Given how hard it is to buy a home these days...and how hot the seller's market is...it was his loss.
You'll get another deal!
Hopefully you are working with a good listing agent that you trust and yo don't have to be checking up after them...
I think it's odd for a buyer to walk over the issue of escrow unless, of course, they work for an escrow company and can get a phenomenal deal on the escrow fees.
Truth be known, these buyers may have just found another property which was the real reason.
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Therefore, all items, such as Title, Escrow, Home Warranty, Termite Company, etc. need to be clearly identified so the escrow company and other participants know who is doing what.
Seller's choice is not the name of a company.